Stephen Gordon, who along with a group of investors plans to put nearly $460 million into California's Bay Cities National Bank, said he is "looking to build a superregional."

CVB Financial Corp. of Ontario, Calif., has updated shareholders on changes to its loan portfolio and debt obligations in the third quarter amid an investigation by the Securities and Exchange Commission.

Pacific West Bank in West Linn, Ore., plans to raise up to $4.5 million of fresh capital. The $72.6 million-asset company has been operating under a regulatory order requiring it to boost capital and maintain higher capital ratios as a cushion against future loan losses.

Cascade Financial Corp. in Everett, Wash., received a warning from the Nasdaq that it does not comply with the market's listing requirements.

SI Financial Group Inc. has approved a process under which it will convert from a mutual-holding company to a stock-holding one.

CenterState Banks Inc. is merging three of its national banking subsidiaries in Florida by the end of the year, according to a filing with the Securities and Exchange Commission.

First Financial Bankshares Inc. in Abilene, Texas, said Thursday that it agreed to acquire Sam Houston Financial Corp. in a $22.2 million cash-and-stock deal.

SI Financial Group has approved a process under which it will convert from a mutual-holding company to a stock-holding one. A host of financial companies the past several months have been undergoing the demutualization process, moving away from a structure under which customers or policyholders own a large chuck of a company.

United Community Financial Corp. in Youngstown, Ohio, is setting the stage for a new leader.

City National Corp. in Los Angeles said it will raise as much as $300 million in senior notes so that it can extinguish more expensive debt issued late last year.

Under normal circumstances, Capitol Federal Financial in Topeka, Kan., would be wrapping up the process it began more than two months ago to convert from a mutual holding company to a stock company.

Banco Davivienda of Bogota, was given permission Tuesday to convert a subsidiary already in the U.S., Bancafe International, into an international branch in Miami.

Republic First Bank in Philadelphia is changing its name — to Republic Bank. The $934 million-asset unit of Republic First Bancorp Inc. announced the change Wednesday, as part of rebranding efforts following the March collapse of its deal to sell itself to Metro Bancorp Inc. of Harrisburg, Pa.

Anchor BanCorp Wisconsin Inc.'s primary regulator has approved, with conditions, its recapitalization plan after it aggressively sold branches and reduced assets to raise capital levels.

The Fort Lauderdale, Fla., company last week filed a registration statement with the Securities and Exchange Commission to raise up to $125 million of common equity this year. BankAtlantic did not disclose when it intends to launch an offering.

First Federal of Lakewood in Ohio has agreed to acquire a competitor, Century Bank in Parma, Ohio. First Federal, with $1.2 billion of assets, would gain five branches and $135 million of assets from Century Bank.

In the past, a bank making money with plenty of capital and not too many nonperforming loans would automatically get a high management grade. But regulators say that free ride is ending.

There are draconian potential consequences in Regulation Y if an FHC cannot return to well-capitalized and well-managed status within 180 days.

At a time when calculated retreats are becoming more common — and more accepted — Tidelands Bancshares Inc. is a new kind of leader.

Bay Cities National Bank in Redondo Beach, Calif., said it has investment agreements for $460 million, enough to turn the struggling $273 million-asset bank into a regional institution.