Country Club Bank launched a Facebook page about two years ago — and then deleted it. This time around, it's starting with professional network LinkedIn instead.

Alloya Corporate Federal Credit Union of Warrenville, Ill., the survivor of what was once Members United Corporate FCU, said Tuesday it has signed a letter of intent to combine with Central Corporate Credit Union of Michigan, creating the nation's largest corporate with almost $5 billion in assets.

BB&T’s (BBT) deal to buy BankAtlantic Bancorp’s (BBX) thrift for up to $316 million has received the green light from the Office of the Comptroller of the Currency, one of three federal regulators that must approve the sale.

The regional bank is expanding into the Golden State's central coast region with its first open-bank deal in five years.

Porter Bancorp has asked shareholders to approve a proposal that would drastically increase the number of common shares it could issue to help the company meet minimum capital ratios.

First Mariner Bancorp says it recently purchased a 24.9% stake in another Maryland bank to collect collateral on a debt – not to take it over.

PremierWest Bancorp (PRWT) of Medford, Ore., will lay off staff in support areas and not fill vacant positions as it continues to implement cost-cutting measures.

South Valley Bancorp would more than double its sale price if it collects in full on a pool of suspect business loans before its takeover by Washington Federal is completed.

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Seoul's Hana Financial Group no longer plans to acquire a 51% ownership stake in Saehan Bancorp of Los Angeles.

Participants in the Small Business Lending Fund increased small business lending by $1.3 billion in the fourth quarter, a 37% increase from the previous quarter, the Treasury Department said Monday.

Jefferson’s deal for Carrollton Bancorp is part of the PE-backed company’s plan to expand to $1 billion of assets, which CEO Cashen says is a must in today’s world.

The spread between consumer rates and secondary market rates – a proxy for the profitability of originations – spiked to new highs in the first quarter.

The SEC says Anthony Nocella, Franklin Bank Corp.'s former CEO, and J. Russell McCann, its former CFO, fraudulently concealed the deterioration of the bank's loan portfolio and inflated its earnings before the company declared bankruptcy in 2008.

The Lansing, Mich., company has turned its inventory of community banks into a garage sale to bring in capital to support its struggling banks. With fewer banks left to sell, industry observers say Capitol has few options to keep capital levels above regulatory minimums for failure.

DNB First in Downington, Pa., is acquiring a branch in nearby Boothwyn from Capital Bank of Rockville. Md.

Ailing Orrstown Bank in Shippensburg, Pa., has named a former chief lobbyist at the American Bankers Association to its board of directors.

Community banks will be around a long time if they focus on small business borrowers, pursue customers alienated by bigger banks and don’t get greedy, panelists on an American Banker roundtable said.

HARRISBURG, Penn. — A federal court here dismissed a suit last week alleging Pennsylvania State Employees CU violated provisions of the Electronic Funds Transfer Act after the credit union produced evidence suggesting that someone had removed the legally required notice affixed to the ATM disclosing the fees to be charged to non-member users of the cash machine.

"Is my bank worth that much?" That is the urgent question potential sellers are asking in the Lone Star State, after two pricey deals there — for Encore Bancshares and American State Financial — the past two months.