Americas

ServisFirst Bancshares of Birmingham, Ala., is expanding its correspondent banking business into Tennessee and Georgia with the addition of two new executives.

A second director at the troubled Atlantic Coast Financial (ACFC) has resigned due to concerns about how the Jacksonville, Fla., company is run.

Central Federal (CFBK) has restructured a planned capital raise and reached a deal with the Treasury Department that would help it exit the Troubled Asset Relief Program.

Pennsylvania's banking regulator has freed Metro Bank in Harrisburg, Pa., from a two-year-old enforcement order resulting from violations to the Bank Secrecy Act.

Two years after postponing its planned conversion to a 100% stock-owned company, Northfield Bancorp, a mutual holding company in Avenel, N.J., is finally ready to take that second step.

Mercantile Bank Corporation (MBWM) in Grand Rapids, Mich., has completed its exit from the Troubled Asset Relief program by repurchasing the $10.5 million of stock that was still held by the Treasury Department.

Fox Chase Bancorp (FXCB) in Hatboro, Pa., is planning to restructure its balance sheet this quarter in an effort to better position itself for potential changes in interest rates and improve its net interest income.

Post Oak Bank in Houston is looking to raise roughly $20 million through a stock sale and could use at least a portion of the proceeds to make its first-ever acquisition.

Third Federal Savings & Loan Association in Cleveland has promoted Chief Retail Officer Meredith S. Weil to the position of chief operating officer, effective July 6.

A Kansas banking company that last week raised fresh capital to fuel its growth has struck a deal that would more than double its size.