Americas

The Federal Reserve has ordered Outsource Holdings Inc. to serve as a source of strength to its Dallas bank.

Summit Bank in Prescott, Ariz., has put itself up for sale after its board determined it would not be able to raise enough capital to satisfy a regulatory order.

Iberiabank Corp. in Lafayette, La., said Wednesday it has recruited Robert Kottler to become director of retail and small business.

Hudson Valley Holding Corp. in Yonkers, N.Y., said the chief of staff for former New York Gov. George Pataki has joined its board.

The Fed reached a written agreement on Feb. 18 with the $1.4 billion-asset company that gives it 60 days to maintain adequate capital on a consolidated basis.

Hamilton State Bancshares Inc. has raised $231.6 million in capital that it plans to use to exit the Troubled Asset Relief Program and buy failed banks.

State Employees' Credit Union in Raleigh, N.C., is cutting interest rates on its Salary Advance Loan by as much as 50%.

Community Financial Shares Inc. of Glen Ellyn, Ill., said late Monday that its net loss widened to $2.2 million in the fourth quarter, from $690,000 a year earlier.

Premier Financial Bancorp Inc. in Huntington, W.Va., said Tuesday that its fourth-quarter earnings fell nearly 50% from a year earlier, to $2.5 million.

VyStar Credit Union is expanding its automated teller machine operations in northeast Florida through an agreement with Cardtronics Inc.