MIDDLE ATLANTIC

Community bankers are once again pushing Congress to further amend the tax code so that more banks would qualify as tax-advantaged Subchapter S corporations.

Republic First Bancorp Inc. in Philadelphia added Theodore J. Flocco Jr. to its board of directors.

Texas Banking Commissioner Randall James announced Monday that he plans to retire Aug. 31.

Banks that say they plan to go private almost always do so, but a Missouri company that wants to delist its stock is facing resistance from shareholders.

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, improve its capital ratios, and address the concentration risk in its commercial real estate portfolio.

Shares of United American Bank fell Tuesday after the San Mateo, Calif., company said it expects to report a loss for the second quarter as a result of a customer's bankruptcy.

Sometimes patience pays off.

Hanmi Financial Corp. in Los Angeles has hired Jay S. Yoo, the former U.S. head of South Korea's Woori Bank, as its president and chief executive officer.

Firstbank Corp. in Alma, Mich., said Friday that it expects to add $3.1 million to its loan-loss provision for the second quarter.

Vineyard National Bancorp in Corona, Calif., said its initial efforts to shore up capital after losing millions of dollars on bad residential construction loans have failed.

Terminated bank acquisitions are rarely revived, but Summit Financial Group Inc. said it wanted the troubled Greater Atlantic Financial Corp. in Reston, Va., too much to let go.

When East West Bank in Pasadena, Calif., was accused of causing a borrower's default and subsequent bankruptcy, the bank offered to settle for $20 million rather than take its chances with a jury.

Two independent advisory firms are backing Team Financial Inc.'s proposed slate of directors over one proposed by a former director who is trying to regain his board seat at the two-bank Paola, Kan., holding company.

As a consultant to Republic First Bancorp Inc. of Philadelphia, Vernon W. Hill 2nd will be paid $250,000 annually and cannot work with any competing companies in Pennsylvania, New Jersey, or New York, according to an 8K filed Wednesday with the Securities and Exchange Commission.

Over the last decade SCBT Financial Corp. in Columbia, S.C., has built market share quickly in areas it has entered through acquisitions, and now it is aiming to replicate that success in the Carolinas' largest metropolitan market.

Kansas credit unions that count the state or large swaths of it as a field of membership will have to start redrawing their boundaries soon.

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