Commerce Bancshares Inc. in Kansas City, Mo., announced Wednesday that it had agreed to buy Boone National Savings and Loan Association in Columbia, Mo., for roughly $31 million in cash.

The chief executive of New York’s Carver Bancorp Inc. says its deal for a small Brooklyn bank would instantly establish Carver as a commercial lender and help it stand its ground against larger banks continuing to enter inner-city neighborhoods.

The largest commercial bank headquartered in Florida got a rare "needs to improve" rating on its Community Reinvestment Act examination, the Federal Deposit Insurance Corp. said Wednesday.

MIDWEST

Centra Financial Holdings Inc. in Morgantown, W.Va., is nearing a deal to buy the $236 million-asset Smithfield State Bank in Pennsylvania, Centra's chairman and chief executive officer, Douglas J. Leech, said Tuesday.

Bank lobbyists are staying on the sidelines of the immigration-reform debate, but individual bankers are watching the action in Washington with keen interest.

Union State Bank in Arkansas City, Kan., has agreed to buy the State Bank in Winfield.

WASHINGTON - A Senate subcommittee that has been examining the effectiveness of government agencies will take a close look this week at the embattled Small Business Administration.

Bancshares of Florida Inc. in Naples has filed a registration statement with the Securities and Exchange Commission to offer up to 2.5 million common shares.

Bleak earnings prospects fueled by continued pressure from the flat yield curve caused one analyst to downgrade three New York thrift companies' stocks Monday.

Community Bankshares Inc., a multibank holding company in Orangeburg, S.C., plans to combine its four separately chartered banks and its mortgage company under a single charter.

When American Bank FSB in Bethesda, Md., opened the first of two in-store branches in outlets of the Super Fresh grocery chain in 2003, bank officials started brainstorming ideas to attract grocery store employees to the bank.

Sterling Financial Corp. in Lancaster, Pa., said Friday that it has a deal to buy Bay Net Financial Inc. in Bel Air, Md., for $23 million in cash and stock.

A merger between New Jersey’s two banking trade groups that seemed all but assured late last year has been called off, and no new discussions are scheduled.

Cathay General Bancorp in Los Angeles said Friday that it is buying a 20% stake in First Sino Bank in Shanghai for about $52.2 million.

NEW ENGLAND

One of Spain's largest banks wants to build a business wiring money from the United States to China, and it is looking to community banks here for help.

Assets at banks certified by the Treasury Department as community development financial institutions have more than tripled in the past six years, a report says.