Retail & Commercial

Monarch Community Bancorp (MCBF) in Coldwater, Mich., has raised $16.5 million in a private placement that will allow it to exit the Troubled Asset Relief Program.

First Community Financial Partners in Joliet, Ill., has repurchased a large chunk of shares from private investors that acquired the shares from the Treasury Department's Troubled Asset Relief Program.

Carrollton Bancorp's main private-equity backer, Eric Hovde, the president and chief executive of the Hovde Private Equity Advisors, is joining its board.

BOK Financial (BOKF) has agreed to acquire GTRUST Financial, an independent trust and asset management company in Topeka, Kan.

Consumer advocates pressed the Consumer Financial Protection Bureau on Wednesday to crack down harder on credit card issuers despite recent regulations that largely curtailed hidden fees and predatory practices.

Hanmi Financial (HAFC) in Los Angeles has hired a handful of banking executives from rival Korean-American lender BBCN Bank (BBCN).

Two of the oldest nonprofit credit counselors plan to merge, in a move that would create the second-largest such organization in the U.S.

Georgia Commerce's agreement to buy Brookhaven Bank in Atlanta is a sign that it is becoming more financially advantageous to sell out instead of raising capital, especially in a recovering market like Georgia's.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that U.S. regulators don't want to harm community bankers still ailing from the financial crisis.

For banks, the government shutdown is little more than an inconvenience so far. But they will surely feel its impact if it stretches on for days or weeks. Here's what they might expect.