Americas

Shareholders at PremierWest Bancorp in Medford, Ore., have approved a reverse split of the company's stock, which could boost its share price.

Webster Financial Corp. said Tuesday that it plans to raise $156.6 million to help pay off its Troubled Asset Relief Program funding.

Anchor BanCorp in Madison, Wis., has regained compliance with Nasdaq listing requirements after its stock price rose in recent weeks.

Brandon Steele knows how to process crude oil, sew duffle bags and raise cattle. But being chairman of a community bank is a new one for this serial business owner.

Webster Financial Corp. in Waterbury, Conn.,is raising capital to pay off the balance of the Treasury Department's investment under the Troubled Asset Relief Program.

Central Pacific Financial Corp. in Honolulu said Monday that it renegotiated its stock conversion rate with the Treasury Department related to its $135 million in Troubled Asset Relief Program funds.

Shareholders of First Niagara Financial Group Inc. and NewAlliance Bancshares Monday overwhelmingly approved their merger agreement despite strong disapproval from Connecticut officials.

Hudson City Bancorp Inc., one of the largest residential lenders in the mid-Atlantic area, on Friday pulled the plug on a plan to move to a commercial bank from a thrift holding company.

Encore Bancshares in Houston said Friday that it had received regulatory approval to sell certain operations in Florida to Ovation Holdings Inc.

Pinnacle Bankshares Corp. in Altavista, Va., said Friday that it is looking for a new president and chief executive. The $334.7 million-asset company said in a filing with the Securities and Exchange Commission that Robert H. Gilliam Jr. plans to retire from the company and its First National Bank unit "in a midyear 2011 time frame."