Americas

Independent Bank in Ionia, Mich., has exited the Troubled Asset Relief Program.

A judge has approved Anchor Bancorp Wisconsin's plan to file for bankruptcy.

Commonwealth Business Bank (CWBB) in Los Angeles has added veteran banker Alvin Kang to its board.

First Financial Northwest in Washington ousted a longtime CEO, while HopFed Bancorp in Kentucky seated an outsider on its board and canceled an acquisition, under pressure from activist shareholders. More banks can expect similar fights.

The thought of leaving their century-old headquarters didn't appeal to execs at MidWestOne, but neither did a makeover during the height of the recession. They're finally free to give their office space some overdue updates.

Bank of America became the latest bank to announce major mortgage layoffs.

Independent Bank in Ionia, Mich., is back on track with payments on its trust preferred stock.

WSFS Financial in Wilmington, Del., has repurchased preferred shares it issued the Troubled Asset Relief Program.

Columbia Commercial Bancorp (CLBC) in Hillsboro, Ore., has completed a $6.6 million capital raise through a private placement offering.

Citizens Bank of Northern Kentucky has named Stephen Brunson its president and chief executive, replacing interim chief David Van Horn, who remains a director.