Pinnacle Bank in Gilroy, Calif., has appointed a new CEO and its current leaders will move into a newly created role.

Carver Bancorp once turned to Citigroup during a time of need for financial assistance. Now Citigroup has recruited Carver's former CEO to join its board.

Credit One Bank in Las Vegas, Nev., a credit card specialist, plans to almost double its workforce over several years to support business growth.

To act like a startup — as many banks say they want to do — institutions must employ a nontechnical strategy: build services based on customers say they want.

A federal judge heard arguments from ICBA and NCUA on whether to dismiss the banking group's legal challenge to the credit union regulator's changes to the member business lending rule. A decision on the dismissal could come as early as January.

Old Second Bancorp in Aurora, Ill., raised $45 million from a debt sale.

Pacific Metro Bank would cater to Chinese-Americans around Atlanta. The application process is worth watching since the group is seeking the first Georgia charter in seven years and would be based in a market where more than 90 banks have failed since 2007.

Borrowers served by the FHA program, particularly first-time buyers and minorities, have benefited from nonbanks' increase in lending. Those independent lenders should be commended for filling a gap.

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The $14.3 billion-asset company said in a press release Thursday that it will sell about 4.3 million shares of common stock.

Bankers got what they asked for when the Federal Open Market Committee raised the federal funds rate by 25 basis points this week, but some banks could face near-term pain as securities portfolios lose value and certain hedging strategies backfire. Moreover, the rate hike won't have a meaningful impact on net interest margins until loan demand picks up.

Colony Bankcorp in Fitzgerald, Ga., has bought back more of its former Troubled Asset Relief Program shares held by private investors.

Ed Francis, a former executive at Hancock Holding, is seeking to buy an existing bank rather than pursue a new charter. He explains why he is prefers a complex bankruptcy process over applying to form a new bank.

First Internet Bancorp in Fishers, Ind., disclosed in a regulatory filing that it is looking to raise $25 million capital through a stock offering.

A prominent activist investor has pared back its stake in three banks.

The National Credit Union Administration rule expanding member business lending introduces new risks and lacks legal basis.

Bay Commercial Bank in Walnut Creek, Calif., has agreed to buy First ULB in Oakland, Calif.

PCSB Bank in Yorktown Heights, N.Y., is planning to convert to stock ownership, ending 145 years as a depositor-owned mutual.

The $8.2 billion-asset company said in a press release that it will move westward with an agreement to buy the $2.5 billion-asset Southwest Bancorp in Stillwater, Okla., for $564 million.

The $1.3 billion-asset Veritex said in a press release Wednesday that it will pay $162 million for the $1.1 billion-asset Sovereign.