When MagnetBank opened two years ago, its founders chartered it as an industrial loan company, because that charter seemed to suit its unconventional business model of funding commercial loans entirely with wholesale deposits.

First National Bank Holding Co. in Scottsdale, Ariz., said Tuesday that it would stop servicing mortgages it had bought from brokers nationwide, though it would continue to service wholesale mortgages made by brokers in its local markets.

Integrity Bancshares Inc. of Alpharetta, Ga., has fired its chief executive officer eight weeks after announcing that troubled commercial real estate loans would take a $21 million bite out of its second-quarter earnings.

Ridgewood Savings Bank is looking to become a more prominent player in the New York market with the dozen branches it gained by buying City and Suburban Financial Corp. in Yonkers last month.

Southside Bank in Tyler, Tex., is teaming up with a group of automobile financing specialists to form a portfolio-acquiring joint venture.

Appalachian Bancshares Inc. in Ellijay, Ga., has received approval from the Federal Deposit Insurance Corp. to open a branch in Dalton that would target the growing Hispanic population in Whitfield and Murray counties.

Bank of Commerce Holdings in Redding, Calif., said it has put Michael C. Mayer, its president and chief executive officer, on administrative leave.

Among the issues Congress is to consider when it returns from summer recess next month is whether to let banks help the Small Business Administration make loans to homeowners and business owners hard hit by disasters.

The mortgage meltdown has sullied the reputations of more than a few lenders, so banking companies are going on the offensive to preserve theirs.

Kentucky First Federal Bancorp Inc. in Hazard said that its profits for its last fiscal year, which ended June 30, fell 49% from a year earlier, to $810,000.

Comerica Inc. has dropped its plan to pursue a national bank charter as its planned move to Texas nears.

Randall G. Fox, the vice chairman of Oxford Bank Corp. in Michigan, died Thursday at the age of 66, the company said.

A recent hike in the cost of applying for U.S. citizenship is providing bankers a fresh opportunity to court Hispanic immigrants as customers.

Anadarko Bank and Trust Co. in Oklahoma must improve its lending procedures and board oversight under an agreement it has reached with the Federal Reserve Board and the Oklahoma State Banking Department.

BancorpSouth Inc. is wasting no time bulking up in Missouri.

Comerica Inc. has dropped its plan to pursue a national bank charter as its planned move to Texas nears.

A Massachusetts Superior Court judge has sided with the $300 million-asset Westborough Bank in a dispute with shareholders over its proposed sale.

The Credit Union Journal

ViewPoint Bank in Plano, Tex., announced that it has a $1.2 million cash deal for the assets and loan origination business of Bankers Financial Mortgage Group Ltd. in Dallas.

Marco Community Bank of Marco Island, Fla., has entered an agreement with the Federal Reserve, which cited problems with the bank's asset quality, credit administration, and risk management.