Now that the question of whether Hudson City Bancorp’s much-anticipated second-step conversion will take place has been answered, speculation has shifted to what the Paramus, N.J., company will do with all that money.

SCBT Financial Corp. of Columbia, S.C., announced Friday that it would buy the $94 million-asset New Commerce BanCorp of Greenville, S.C., for $20 million in cash.

Umpqua Holdings Corp. in Portland, Ore., has named Brian Timm, the chief financial officer of Columbia Sportswear Co., to its board of directors.

Banknorth Group Inc.'s largest shareholder, which had been hinting that it might vote against Toronto-Dominion Bank's offer to buy a 51% stake in Banknorth, is now throwing its support behind the offer.

Glacier Bancorp Inc. of Kalispell, Mont., has a deal to buy the $110 million-asset Citizens Community Bank in Pocatello, Idaho, for $17 million in cash and stock.

Boston Private Financial Holdings Inc. said Thursday that Robert J. Whelan had joined it as chief financial officer.

MIDDLE ATLANTIC

National Credit Union Administration Chairman JoAnn Johnson defended her agency after a federal judge in Utah said last week that it had acted improperly in letting a credit union expand its community charter to six counties.

Illinois banks and credit unions, angry with the governor for raising examination fees last year to help balance the budget, are fighting back.

Many bankers spend time in their state capitals and in Washington lobbying legislators to pass laws supporting the banking industry.

Nice guys do not always finish last.

Encouraged by the success of its expansion into Phoenix, CoBiz Inc. of Denver aims to nearly double its assets, to $3 billion, by 2007 - with $1 billion in Arizona alone.

The America's Community Bankers Nasdaq Stock Index is up nearly 20% since its inception a year ago, while its market capitalization has increased 9%, to about $190 billion.

EVANSVILLE, Ind. - Old National Bancorp has been plagued by credit troubles and lackluster earnings for two years, but its new president and chief executive insists he has not stepped into a turnaround situation.

Vineyard National Bancorp of Rancho Cucamonga, Calif., said Thursday that it plans to raise $15 million in a private offering, expected to close today, to certain institutional investors.

KNBT Bancorp of Bethlehem, Pa., plans to expand into three more counties in its home state by acquiring Northeast Pennsylvania Financial Corp. in Hazelton.

Keefe, Bruyette & Woods Inc. downgraded Midwest Banc Holdings Inc.'s stock after the Illinois company said it would reposition its balance sheet to hedge against earnings volatility and rising interest rates.

CFS Bancorp Inc. of Munster, Ind., said it has paid $42 million of prepayment penalties to restructure its Federal Home Loan Bank borrowings.

First the Chicago suburbs put the clamps on new bank branches, and now the city is trying to do the same.