Americas

The Federal Reserve on Tuesday announced a written agreement with Pinnacle Bank Holding Co. in Orange City, Fla.

The chief executive at Texas Capital Bancshares Inc. says that regional banks like his are losing potential commercial loan business to deposit-rich larger banks that are undercutting them on rates and offering more favorable terms.

After making five acquisitions in less than three years, People's United Financial Inc. in Bridgeport, Conn., is now turning its attention to slashing overhead and growing its balance sheet more organically.

Michael Viazzoli, a former Bank of America Corp. executive, has been named president of Bank of Kansas City.

In its second-to-last quarter as an independent company, Parkvale Financial Corp. in Monroeville, Pa., reported a a profit of $1.7 for the quarter that ended June 30, compared to a loss of $21.2 million in the same period last year.

Continuing its aggressive expansion in Southern California, upstart Grandpoint Capital Inc. in Los Angeles is planning to buy Regents Bancshares Inc. in La Jolla.

The largest shareholder at HF Financial Corp. has nominated its own slate of directors to challenge the candidates being backed by the management of the Sioux Falls, S.D., thrift company.

The Office of the Comptroller of the Currency closed First National Bank of Florida, in Milton, on Friday.

First BanCorp in Puerto Rico finally received the shareholder votes it needed to close in on a $525 million recapitalization.

Hamilton State Bancshares Inc. in Hoschton, Ga., said Friday that it completed a cash tender offer, repurchasing $1.5 million of its common stock.