Retail & Commercial

Patapsco Bancorp (PATD) in Baltimore has appointed Phil Phillips its new chief executive after recording a quarterly loss.

Fans of Major League baseball are familiar with Citi Field (New York), Comerica Park (Detroit), Chase Field (Phoenix) and PNC Park (Pittsburgh). But they might not have heard of the many minor league ballparks named after banks. From BB&T Park - home of the Winston-Salem Dash - to Whitaker Bank Park in Lexington, Ky., here's a sampling of minor league venues at which banks own the naming rights.

Suffolk Bancorp (SUBK) in Riverhead, N.Y., will record a pretax gain of nearly $4 million in the third quarter after selling shares in Visa.

Hanmi Financial (HAFC) in Los Angeles has hired Bonita Lee, a recently departed executive from BBCN Bancorp (BBCN), as its chief operating officer.

It’s not often that early warnings of future challenges are clear, but it seems that rising interest rates will soon stress a collections operation. Fortunately, with data analytics, firms can prepare and leverage recent gains in compliance and customer experience so that rising delinquencies don’t drive inefficiencies or unnecessary cost increases.

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Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has agreed to repurchase the stock warrants it issued through the Troubled Asset Relief Program.

WASHINGTON — Regulators seized a $265 million-asset bank based in Fort Myers, Fla., late Friday and sold its operations in a deal protecting all of the failed bank's depositors.

Unlike their bigger competitors, smaller banks are resisting the temptation to pare staff or close mortgage production offices because they still see an opportunity to nibble away at large banks' market share.

The Treasury Department plans to sell shares in five community banks for a discount of approximately 60%.