SOUTHEAST

For a small, niche bank, United Central Bank in Garland, Tex., has big plans.

Summit Financial Group Inc. in Moorefield, W.Va., has terminated negotiations to acquire an Alabama thrift company and extended the deadline on a deal to acquire a Virginia banking company.

Calculating loan-loss reserves is getting more dicey.

First Financial Bancorp in Hamilton, Ohio, is moving its corporate headquarters to Cincinnati.

Virginia Financial Group Inc. of Culpeper and FNB Corp. of Christiansburg say they have pushed back the closing date for their deal until early next year, because they figure shareholders have other things to do this holiday season than read proxy materials.

Two start-ups, one in California and one in Tennessee, announced Thursday that they have raised record amounts of capital for new banks in their states.

When my banker friends lament their teams' cross-selling struggles, I often suggest that what they are doing really isn't cross-selling at all. What I most frequently observe would best be described as selling.

The Credit Union Journal

Bradford Bancorp Inc.'s planned acquisition of another Baltimore-area thrift company is in danger of collapsing, because the buyer has failed to sell enough shares in its initial public offering to fund the deal.

Shares of community banking companies have fallen out of favor with investors, but many bankers say now appears to be a good time to gobble them up.

MIDWEST

The nation's fastest-growing big city is also the hottest market for start-up banks.

Hancock Bancorp Inc. in Hawesville, Ky., has a deal to acquire Community First Bancorp Inc. in Madisonville for $3.6 million in cash.

MB Financial Bank in Chicago said Tuesday that it plans to open six banking centers in Walt's Food Centers, expanding its footprint in the south and southwest suburbs of Chicago and entering northwest Indiana.

Shares of BCSB Bankcorp Inc. plunged Tuesday after the Baltimore mutual holding company said that its planned conversion to a 100% stock-owned company has been put on hold due to weak demand for its shares.

One of CountryBank USA's business customers wants to expand its fast-food restaurant and is seeking a $35,000 unsecured loan — the exact type of loan for which the bank would want a Small Business Administration guarantee.

Carter Bank and Trust in Martinsville, Va., is trying to fend off a hostile takeover offer for Bank Building Corp., which owns 37% of Carter's branches, by negotiating to buy the company itself.