Gateway Financial Holdings Inc. of Elizabeth City, N.C., has agreed to buy Bank of Richmond in Virginia for $55.8 million in cash and stock.

The following graphic, which appeared on Jan 8, understated the startup numbers for Minnesota, Oregon, Pennsylvania and South Carolina. The corrected figures are included below.

Lafayette Federal Credit Union, in Kensington, Md., has scrapped its plans to convert to a mutual thrift.

NEW ENGLAND

First Corbin Bancorp Inc. was created just last week through the merger of nine small Kentucky banks and immediately ranks among the state’s 10 largest bank holding companies.

The following graphic, which appeared on Jan 8, understated the startup numbers for Pennsylvania and South Carolina. The corrected figures are included below.

Franklin Bank Corp. in Houston said Monday that its fourth-quarter earnings would be lowered by at least 40 cents a share because of two charges it is taking.

Throughout Lafayette Federal Credit Union's six-month campaign to convert to a mutual thrift, its president and chief executive has refused to respond a chorus of critics alleging that the conversion would only enrich officers and directors. But in an interview with American Banker, Michael Hearne finally fired back at his detractors, arguing that a charter switch is the best way to ensure the Kensington, Md., credit union's continued profitability.

Community Bank System Inc. in DeWitt, N.Y., said Tuesday that it has a deal to buy TLNB Financial Corp. in Tupper Lake, N.Y., for $17.6 million in cash, or $34.75 a share.

ShoreBank Corp. of Chicago announced Tuesday that TIAA-CREF put $22 million in certificates of deposit at the bank, the largest single CD deposit ever made at ShoreBank.

Eastern Bank in Boston has not been much of an acquirer in recent years, but that could change under its new chairman and chief executive, Richard E. Holbrook.

Stanley J. Lukowski did not start his professional life as a banker, but he certainly made his mark as one.

When Hal Russell, the president and chief executive officer of Commencement Bank in Tacoma, decided to get back into banking last year, he made the overwhelmingly popular choice and took a state charter.

After financing the construction of thousands of southern California homes, Vineyard National Bancorp in Corona, Calif., is turning its lending focus to building the dry cleaner stores, gas stations, and coffee shops that will serve the new homeowners.

First Guaranty Bank in Hammond, La., has announced plans to acquire the $132 million-asset Homestead Bank in Ponchatoula for $13 million.

Northwest Bancorp Inc. in Warren, Pa., agreed to buy Penn Laurel Financial Corp. in Curwensville for $32.7 million in cash.

The National Credit Union Administration is reviewing the conversion proceedings at Lafayette Federal Credit Union in Kensington, Md., after receiving complaints of voting irregularities leading up to and during the Dec. 16 vote.

Some of Texas' most prolific acquirers in recent years are being bought out themselves, but even with companies such as Texas Regional Bancshares Inc. and Texas United Bancshares Inc. out of the mix, there are no signs that dealmaking is slowing in the state.

Bradford Bancorp, a mutual holding company in Baltimore, said Thursday that it has a deal buy Golden Prague Federal Savings and Loan, a $29 million-asset mutual thrift in Baltimore.