Americas

Washington Trust Bancorp Inc. in Westerly, R.I., said Tuesday that the chancellor of Johnson & Wales University has joined its board.

SVB Financial Group in Santa Clara, Calif., said Tuesday that it had completed a tender offer for its Silicon Valley Bank unit.

A week after revealing that a $23 million loss in the first quarter had dropped its equity below zero, BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said late Monday that it is pursuing a stock offering in hopes of raising $30 million in fresh capital.

There are lists you want to be on, say, Santa's for presents. And there are lists you don't, such as the informal one Wall Street puts together of banks that may be compelled to sell under duress.

JPMorgan Chase & Co. has scrapped a test of higher ATM fees it did in two states for noncustomers, a spokesman confirmed on Tuesday.

Bank of the Carolinas has entered into a consent order with state and federal regulators in which it agreed to improve its credit quality and maintain its "well-capitalized" status.

A week after revealing that a $23 million loss in the first quarter had dropped its equity below zero, BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said late Monday that it is pursuing a stock offering in hopes of raising $30 million in fresh capital.

A sharp increase in problem loans dragged down Porter Bancorp's profits in the first quarter.

Chartway Federal Credit Union in Virginia Beach has expanded in Utah With its acquisition Friday of the failed Utah Central Credit Union.

Norwood Financial Corp. in Honesdale, Pa., said Monday that it had received regulatory approval to acquire North Penn Bancorp Inc. in Scranton.