Shares of Independent Bank Corp. fell sharply Thursday after the Ionia, Mich., company announced it was slashing its second-quarter dividend, because it needs capital to shore up its loan-loss reserves.

TierOne Corp.'s stock jumped Thursday after the Lincoln, Neb., company said it sold $63.8 million of delinquent Florida residential construction loans.

It took four years for University Bancorp in Ann Arbor, Mich., to develop a home loan product that both complied with the strict laws of Islamic financing and satisfied its regulators, but it was time well spent.

First Citizens Bancorp. of Columbia, S.C., is paying top dollar in a deal to add core deposits and beef up market share in its home state.

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The former chief executive of Vineyard National Bancorp, who is trying to win control of its board, has added another banker to his alternative slate of directors.

Jacksonville Bancorp Inc.'s deal to acquire a fellow Florida company, Heritage Bancshares Inc. in Orange Park, was called off Tuesday because both said it no longer made sense for their shareholders.

Battered by huge losses on loans to developers in Georgia and Florida, Omni National Bank in Atlanta has put its plan to open branches or loan offices throughout the United States on hold.

If a Pennsylvania bank wins a case challenging the way banks there are taxed after a merger, dozens of banks that have made in-state acquisitions could be eligible for refunds.

Hometown Community Bancorp Inc. of Morton, Ill., has a deal to acquire the $178 million-asset Alpha Financial Group Inc. of Toluca.

The recent plunge in Bank of the Ozarks Inc.'s stock might best be explained as guilt by association.

Expecting losses in its residential construction loan portfolio to continue to mount, WGNB Corp. of Carrollton, Ga., is looking to raise as much as $25 million.

Gary Roberts plans to retire July 1 as the president and chief executive officer of First National Bank of Pennsylvania, a unit of F.N.B. Corp. in Hermitage.

For community banks looking to gain scale and improve efficiency, their options are generally to acquire or be acquired.

Dick Kovacevich had a clear philosophy at Norwest and Wells Fargo: Money moves.

Talk about odd timing.

Natcom Bancshares Inc. in Superior, Wis., said it has agreed to buy Superior Bancorp.

The Office of Thrift Supervision has found Imperial Savings and Loan Association "critically undercapitalized" and ordered the Martinsville, Va., thrift to sell itself.

The Office of the Comptroller of the Currency has classified Metropolitan National Bank in Little Rock a "troubled institution" and ordered it to reduce problem assets and improve its capital ratios.