Patriot Financial Partners, a Philadelphia PE firm that specializes in community banks, has agreed to buy more than 1.5 million shares of Banc of California for $13.25 each, a price 6% higher than the company's Tuesday closing price of $12.46 a share.

The founding CEO of Bank of Bird-in-Hand was told by regulators that his group's "thorough" vetting would be the norm going forward.

The Treasury Department estimates that it made more than $13.1 million from the sale of warrants in Cathay General Bancorp (CATY).

Following tectonic shifts in the video rental industry, the very Blockbuster stores that were just yesterday a competitive advantage rather quickly became an albatross. That type of chain of events is one that bankers need to be especially on guard for.

There’s a reason most Americans still like their local banks, even if they detest the megabanks after the financial crisis.

Dan Benhase will retire next year as head of its wealth management, government and home lending group, the Columbus, Ohio, bank said in a press release Tuesday.

ViewPoint Financial Group is acquiring LegacyTexas in hopes of creating a large community bank solely focused on the greater Dallas-Fort Worth metropolitan area, bucking a 2013 trend in Texas and across the country of using M&A to enter complementary markets.

Frustrated by the lack of new banking charters, two banking trade groups are urging the Federal Deposit Insurance Corp. to relax restrictions on startup institutions.

The Treasury Department was set Tuesday to sell the warrants it held in Cathay General Bancorp (CATY) in Los Angeles.

Three men have been found guilty by a federal jury for their roles in a nationwide foreclosure-rescue scheme.

Lingering uncertainty over affairs in Washington should prompt caution among borrowers in coming weeks, bankers say.

Carolina Premier Bank in Charlotte, N.C., is planning to swap its state charter for a national bank charter and change its name.

The Federal Reserve Board has lifted enforcement actions against Parkway Bancorp in Harwood Heights, Ill., and Peoples Inc. in Lawrence, Kan.

Anchor Bancorp Wisconsin (ABCW) returned to profitability in the third quarter, after restructuring its debt through a Chapter 11 bankruptcy and getting $175 million in new capital.

VSB Bancorp (VSBN) in Staten Island, N.Y., plans to delist from the Nasdaq and stop filing reports with the Securities and Exchange Commission.

American Momentum Bank in Tampa, Fla., is seeking regulatory approval to move its headquarters to College Station, Texas.

Investors Bancorp (ISBC) in Short Hills, N.J., has received approval from the Federal Reserve Board to buy Roma Financial (ROMA) in Robbinsville, N.J.

ServisFirst Bancshares in Birmingham, Ala., has raised about $10.4 million through a private placement.

BALTIMORE — Advance Bank shareholders have approved the proposed sale of the institution to Municipal Employees CU of Baltimore, and the credit union will take control of the bank Dec. 12.

The $126 billion-asset company plans to redeem the notes, and pay about $10.3 million in unpaid dividends, on Dec. 30, it announced last week.