Americas

HomeTrust Bancshares in Asheville, N.C., has adopted a so-called "tax preservation plan," which is designed to protect a company's deferred tax assets during a lengthy period of operating losses.

The Norfolk, Va., company announced on Monday that Charles M. Johnston, a former chief financial officer at Eastern Bank in Boston, had joined its board.

The Federal Reserve Board has lifted a written agreement with Ames Community Bank in Iowa that required the company to improve its credit administration.

Regulators are barring a Minnesota bank holding company from paying shareholders and some creditors until it takes steps to boost its capital.

The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.

Robert T. Isham, who has a private practice in nearby Lake Bluff, succeeded Willard Bunn 3rd as the board's new leader, the bank said on Wednesday.

Cullen/Frost Bankers will close four branches in the Rio Grande Valley this fall. The company gained the branches after it bought the parent company of the $401 million-asset Alamo Bank of Texas in 2006.

BNCCorp (BNCC) has reversed a portion of the valuation allowance against its deferred-tax assets, which will result in an $8.8 million net benefit for the Bismarck, N.D., company.

Polonia Bancorp in Huntington Valley, Pa., is giving investors a chance to buy more of its stock after a planned public offering started sluggishly.

BNC Bancorp in High Point, N.C., has completed its acquisition of KeySource Financial nearly 10 months after announcing the deal.