Americas

Polonia Bancorp's biggest outside shareholder on Monday demanded that the thrift company launch a second-step conversion.

Coming off a weak first quarter, BancorpSouth Inc. in Tupelo, Miss., announced Tuesday that it would close or consolidate 23 underperforming branches this year.

Trustmark Corp. in Jackson, Miss., announced Tuesday that it has named board member Daniel Grafton as chairman of both the company and its main subsidiary, Trustmark Bank.

Integra Bank Corp. in Evansville, Ind., said that another large loss in the first quarter has left its bank critically undercapitalized.

The $2.4 billion-asset company said late Friday that it had filed a registration with the Securities and Exchange Commission seeking approval to start selling stock in July.

Premier American Bank has become the most aggressive failed-bank buyer in Florida, distinguishing itself from the state's other private investor-backed groups by sticking to deals close to home.

First PacTrust Bancorp Inc. in Chula Vista, Calif., has hired Marangal Domingo to serve as its chief financial officer.

NexBank in Dallas is expanding into correspondent lending for banks and mortgage brokers.

WASHINGTON — Premier American Bank in Miami picked up another failed institution Friday, assuming the operations of Coastal Bank in Cocoa Beach, Fla.

International Bancshares Corp. in Laredo, Texas, said Friday that first-quarter earnings rose 5% from a year earlier, in part because of lower credit costs.