Americas

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said Tuesday that it was planning a 1-for-5 reverse split of its class A and B common stock.

Fulton Financial Corp. in Lancaster, Pa., has unveiled the management team for its newly created New Jersey bank.

Citizens First National Bank in Princeton, Ill., has been ordered by the Office of the Comptroller of the Currency to beef up its capital levels and clean up its loan portfolio.

In a Q&A during a FIG Partners banking conference, Jack Wagner discussed growth opportunities. M&A will likely come from traditional deals rather than failed bank acquisitions. He is also keeping an eye on costs should the economy remain stalled.

Ambitious Opus Bank announced Monday that it has signed lease agreements to open five new branches in California and Washington.

The Commerce Bank of Oregon, a subsidiary of Zions Bancorp., has promoted Chief Financial Officer Jodi Delahunt Hubbell to president and chief executive officer, effective Jan. 1.

Contrary to many community banks, Eagle Bancorp of Bethesda, Md., has strong loan demand and lacks sufficient deposits to cover the loans. Eagle CEO Ron Paul and analysts cite the relative economic health of the Washington area for Eagle's growth, leading to a need for creative solutions.

The Office of the Comptroller of the Currency has issued cease-and-desist orders against Intercredit Bank in Miami and Border Capital Bank in McAllen, Texas, citing credit and capital concerns.

First National was looking to sell – for the second time. Kevin Fowler, whose return to banking as president of Rockwall Bancshares followed a failed bid for office, was looking to enter the Dallas market. A match was made.

Battered by losses on soured loans, First Place Financial Corp. in Warren, Ohio, said this week that it is planning to restate its earnings for its past three fiscal years.