Central Pacific Financial Corp. in Honolulu has entered into an agreement with state and federal regulators requiring it to submit a capital restoration plan within 60 days.

Bankers in this climate recognize that in order to get capital, they often have to give a little something first. Still, offering a 9% annual interest rate for a decade is a cost only a handful of bankers are willing to bear.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Second Federal Savings and Loan in Chicago views itself as the ShoreBank for its surrounding Hispanic community and hopes prospective investors will see it that way, too.

NBH Holdings took the first step this week in its quest to build a $12 billion-asset community banking network by agreeing to acquire Bank Midwest in Kansas City, Mo.

North Carolina banking titan and civic leader John Arthur Forlines Jr. died Tuesday. He was 92.

Sun Bancorp Inc. of Vineland, N.J. said Thursday that it will raise $100 million via private-equity funds affiliated with WL Ross & Co. LLC and shareholders of the bank's founding Brown family.

Sun Bancorp Inc. said billionaire investor Wilbur Ross' private equity firm, Sun's founding Brown Family and others have agreed to invest $100 million in equity as the bank grows its New Jersey base.

MIDDLE ATLANTIC

NBH Holdings Inc., a Boston-based bank holding company, announced a deal late Wednesday to acquire the commercial and retail banking operations of Bank Midwest National Association in Kansas City, Mo.

Fifth Third said it has acquired the assets of credit union processor TNB Card Services from credit union-owned Town North Bank of Dallas.

SoCal Bancorp. said it no longer owns a majority stake in Professional Business Bank after a $12.6 million capital infusion from a private-equity group.

The $2.6 billion-asset company announced last week that the Office of Thrift Supervision has upped the ante by issuing both the company and its thrift unit cease-and-desist orders on June 25.

After a hiatus of nearly two and a half years, KBW has resumed publishing its Bank Takeover List, identifying 75 companies that could be buyers, sellers or both over the next 18 to 24 months.

Re "Missing a Chance to Shine" [June 29]: Credit unions didn't cause the financial meltdown and ensuing recession, but they are experiencing collateral damage from it. Still, it is important to keep a sense of perspective, which was lacking in your story.

Cecil Bancorp Inc. in Maryland and its subsidiary Cecil Bank Friday agreed not to declare or pay any dividends without the prior consent of federal and state regulators.

Wilshire Bancorp Inc. in Los Angeles offered a glimpse of its second-quarter results Thursday, saying it expects to record a net loss of up to $5 million.