Americas

Bank of Kentucky Financial (BKYF) had named Herbert H. Works to succeed Rodney S. Cain as its chairman.

COLUMBUS, Ohio — Corporate One FCU said this afternoon that members of Florida's Southeast Corporate FCU have approved the combination of the two, creating one of the biggest corporates in the country with $5 billion in assets.

Howard Bancorp in Ellicott City, Md., is looking to raise up to $12.8 million through a combined stock sale and private placement and it intends to use at least some of the proceeds to pursue acquisitions.

QNB Bank in Quakertown, Pa., announced Tuesday that its longtime chief executive is retiring at the end of this year and that its board has elected the bank’s president to succeed him.

The Virginia company will have a retooled ownership, a new director and more capital after a private placement and rights offering. While Hampton Roads' private equity investors will own 90% of the company following those moves, early indications are that those companies are content with management's progress purging bad loans and cutting costs.

Northeast Community Bancorp (NECB) in White Plains, N.Y., is opening a fourth branch in Massachusetts as part of its continued expansion in the suburbs surrounding Boston.

The Federal Reserve has lifted a written agreement with Guaranty Bancorp and its bank, which could free the Denver company to retire some of its more costly debt.

Umpqua Holdings (UMPQ) in Portland, Ore., continues to ramp up in commercial real estate lending at a time when many other banks are shying away from the sector.

FNB United (FNBN) in Asheboro, N.C., is planning to sell up to two million shares of its common stock in a move that could net it close to $60 million of fresh capital.

WAUSAU, Wis. — NCUA this evening liquidated Wausau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.