The cities of Beaverton and Lake Oswego have launched programs this year to move public funds from state investment pools into certificates of deposit at local, civic-minded banks.

The $79 million-asset Santa Rosa, Calif., company said late Friday that it had formed a bank holding company. All stock in the bank was transferred to the company.

People's United Financial Inc.'s acquisition of Smithtown Bancorp Inc. in Hauppauge, N.Y., is set to close Nov. 30.

Macatawa Bank Corp. has hired an executive from Fifth Third Bancorp to become its chief credit officer.

Capitol Bancorp Ltd. plans to sell its majority stake in a North Carolina bank to a private-equity-backed group.

An affiliate of Hovde Private Equity Advisors LLC has completed an $11 million capital infusion into FirstAtlantic Financial Holdings Inc. in Jacksonville, Fla.

After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.

After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.

Bridge Capital Holdings in San Jose, Calif. said Friday that it would raise $30 million in capital through a private placement with a group of institutional investors.

Continental Bank Holdings Inc. has become at least the third bank in the past two weeks to terminate a planned acquisition after failing to get regulatory approval.

Alliance Bancorp Inc. in Broomall, Pa., announced plans last week to raise up to $41 million in a second-step conversion.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

A report on the failure of WesCorp FCU in California concludes that it had too much of its investments tied to its home state's real estate market and to Countrywide.

A jury ruled Thursday that BankAtlantic Bancorp Inc. misled its investors about its credit quality and must compensate them for certain losses.

Hanmi Financial Corp. is free to pursue other deals after amending an oft-delayed agreement with a patient investor.

Sterling Financial Corp. in Spokane, Wash., announced plans Thursday for a 1-for-66 reverse stock split.

Community Trust Bancorp Inc. in Pikeville, Ky., completed its purchase of LaFollette National Corp. in LaFollette, Tenn., the companies announced.

After securing more capital, Jacksonville Bancorp Inc. has announced its purchase of Atlantic BancGroup Inc.

The recent trend toward bank IPOs, coming three years into a de facto industry lockdown, may prove ephemeral.