In what would be just the second acquisition in its 49-year-history, FNB Bancorp in South San Francisco has struck a deal to buy Oceanic Bank Holding in San Francisco.

In its first-ever auction of preferred stock acquired through TARP, Treasury is seeking to sell stakes in Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings (FFCH) of Charleston, S.C.; MainSource Financial (MSFG) of Greensburg, Ind.; Seacoast Banking (SBCF) of Stuart, Fla.; Wilshire Bancorp (WIBC) of Los Angeles; and WSFS Financial (WSFS) of Wilmington, Del.

Southern National Bancorp of Virginia (SONA) has received a warning from the Nasdaq that the McLean company is not in compliance with listing requirements after it failed to file an annual report.

Cross County Federal Savings Bank in Middle Village, N.Y., is converting to a state charter from a federal charter.

Banks with less than $1 billion in capital are essentially locked out of the private equity market, due to existing laws such as the Bank Holding Company Act. A group of investment bankers, lawyers, and even some regulators want to make changes.

State regulators closed two banks on Friday, bringing the year's tally to 15. The two failures, in Georgia and Illinois, are expected to cost the Deposit Insurance Fund $ 95.6 million.

I am sad to see Cam Fine of the Independent Community Bankers of America resort personal attacks on me and my firm in response to my comment, "TAG Actually Gives Big Banks the Advantage." I can imagine that my comment stung a bit, but Cam and all of the people at ICBA know that I am one of the most vocal advocates for community banks in the U.S. Indeed, our firm is focusing a great deal of time and effort to help small banks raise capital and compete with the too-big-to-fail banks.

Community West Bancshares in Goleta, Calif., has yet another chief executive, marking its third CEO in less than a year.

The Federal Reserve Board has entered into written agreements with two community banks: Remer Bancorp. in Minnesota and Orrstown Financial Services in Shippensburg, Pa.

Regulators have terminated a memorandum of understanding with a banking unit of Banner Corp. after the Walla Walla, Wash., company returned to profitability for 2011.

Before moaning about unbanked consumers and their supposed lack of financial literacy, bankers, federal regulators, lawmakers might consider that there once was a product that targeted this situation.

With all due respect to my friend Chris Whalen, the view from Main Street in Ashland, Missouri; Newman Grove, Nebraska or Pine Mountain, Georgia is much different than the view from the 26th floor of West 57th Street in New York City.

Wells Fargo’s origination business has been operating at full steam, keeping the company’s mortgage servicing assets well above a cap proposed under Basel III. A new servicer compensation system could resolve the issue, but something has to give.

Commerce Bancshares — a Worcester, Mass., bank that specializes in classic car and small aircraft loans — would become a lender to buyers of Boston taxi medallions by acquiring Mercantile Capital, CEO Brian Thompson says.

A handful of banks, including CertusHoldings and Hancock Holding, have dual CEOs, which they believe helps with internal management and growth initiatives such as acquisitions.

The Senate by a clear margin passed legislation Thursday making it easier for small banks to attract investors without having to register with the Securities and Exchange Commission.

Don Gibson's $560 million-asset bank has been so profitable for years that he joins Jamie Dimon and John Stumpf on KBW's new honor roll for profitable banks.

Beneficial Mutual Bancorp gained a 25% stake in Liberty Bell Bank after its former chairman Michael Kwasnik defaulted on a loan. Kwasnik had used the stake in recent years to stymie Liberty Bell while trying to take over the bank.

Unsuccessful in its bid to raise capital and recently ordered by regulators to bolster its loan-loss allowance, Fidelity Bank in Dearborn, Mich., is now critically undercapitalized and has told investors that is in danger of failing.

BankAtlantic Bancorp Inc. (BBX) of Fort Lauderdale, Fla., said Thursday that it has canceled plans for a potential capital raise after reaching a new deal to sell its thrift to BB&T Corp. (BBT)