The Washington State Department of Financial Institutions closed First Heritage Bank in Snohomish on Friday, and for a second straight week Columbia Banking System submitted a winning bid.

The Federal Deposit Insurance Corp. assessed a fine on the chairman of the Georgia House of Representatives' banking committee in connection with his relationship with a bank in the state.

Polish and Slavic Federal Credit Union in New York has hired Oskar Mielczarek, an experienced banker, as its president and chief executive.

Hancock Holding Co. in Gulfport, Miss., and PacWest Bancorp in Los Angeles are scheduled to exchange Standard & Poor's indexes.

Community West Bancshares in Goleta, Calif., said Friday that it may revise its first-quarter results to reflect an expected $670,000 increase in its allowance for loan losses.

Fidelity Southern Corp. in Atlanta said Friday that it had raised $14.4 million in a private placement. The $2 billion-asset company also said it sold about 2.2 million shares of common stock at $6.65 a share, or 9.9% of shares outstanding.

The Federal Reserve on Thursday announced written agreements with four banking companies.

Investors have recapitalized several banks, most notably those in the western U.S., in recent months with the intention of salvaging their franchises and creating vehicles that can be used to buy other banks.

Enterprise Financial Services Corp. in St. Louis said it raised about $35 million in a public offering completed Tuesday.

Cydly Langer Smith succeeded her mother, Helen Langer Smith, who is replacing her daughter as the vice chairman of the $900 million-asset bank, it said late Wednesday.

PrivateBancorp Inc. of Chicago said Wednesday that it has named James Guyette as the second chairman in the company's 20-year history.

Now its patience and determination appear to be paying off. Last Friday Blue Ridge's CertusBank subsidiary got a lot bigger when it received regulatory approval to acquire two failed Georgia banks from the Federal Deposit Insurance Corp.

Struggling Carver Bancorp is going on the offensive in its effort to fix its balance sheet and return to profitability, adding the newly created position of president and chief operating officer.

Senate Republicans are urging the House to use a procedural maneuver to block President Obama's recess appointment powers for the remainder of his term.

Though federally insured thrifts are making money again after bearing the brunt of the housing bust, their profits have now fallen in four of the last five quarters.

If the Fed rule goes into effect, fraud costs will be funded not by interchange revenue or by retailers, but by consumers and the community banks.

Capitol Bancorp has struck a deal to sell yet another one of its bank units. AmericanWest Bank in Spokane, Wash., will buy Bank of the Northwest for $17 million in cash.

Bank of America Corp. is teaming up with community development lenders to make older commercial buildings more energy efficient.

Private Bancorp Inc. in Chicago has named James Guyette as the second chairman in the company's 20-year history.

Wescom Credit Union of Pasadena, Calif., said Wednesday that its Wescom Resources Group has signed with PayPal Inc. to offer person-to-person payment services to credit unions.