Americas

A pair of credit unions are expanding: First Citizens' Federal Credit Union in Fairhaven, Mass. and Dow Louisiana Federal Credit Union in Baton Rouge, La.

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

1st MidAmerica Credit Union has agreed to acquire Alton Area Employees Federal Credit Union in Illinois.

Hanmi Financial Corp. and Woori Finance Holdings Co. have called off a long-delayed deal where Woori would have invested $210 million in Hanmi.

The $340.6 million-asset company said in a regulatory filing Wednesday that Aubrey Hall 3rd will succeed the retiring Robert Gilliam Jr. on July 1. Hall is the company's chief operating officer.

The $9.7 billion-asset F.N.B. said late Wednesday that it would pay $130 million for Parkvale in an all-stock deal priced at 1.95 times the seller's tangible book value.