Michael Tierney will continue to tackle lingering mortgage problems at the Michigan company, which is also trying to expand more into commercial lending. Meanwhile, a key private-equity backer says is has no immediate interest to cash out of the company.

The Federal Reserve Board has terminated enforcement actions against TCSB Bancorp in Traverse City, Mich., and Northeast Securities Corporation in Minneapolis.

Bank of Henderson has agreed to buy Harrison Bancorp. The Kentucky bank did not disclose the price, though Dale Sights, its president and CEO, said that he expects to complete the acquisition next month.

The Bedminster, N.J., bank holding company said Thursday that Douglas Kennedy will take over as chief executive on Oct. 9.

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Bank of the Ozarks of Little Rock, Ark., is buying Genala Banc, the holding company of The Citizens Bank of Geneva, Ala., for $27.3 million.

Federal regulators are targeting another financial firm in connection with its mortgage activities before the housing crisis.

Banks with government assistance such as the Troubled Asset Relief Program face the greatest risk under Basel III proposals, advisors of Mercer Capital and Jones Day say.

Polonia Bancorp (PBCP) in Huntingdon Valley, Pa., has postponed its stock sale and conversion to a stock company after a regulatory exam revealed compliance problems.

State Bank Financial in Atlanta has added retired Air Force Maj. Gen. Robert McMahon to its board of directors, and CEO Joe Evans explains why.

The $11.5 billion-asset unit of Umpqua Holdings (UMPQ) said Thursday it would open a flagship store in San Francisco's financial district.

Farmer Mac announced late Wednesday that its board has named Chief Financial Officer Timothy L. Buzby as its president and chief executive, effective immediately.

Some private-equity investors are rushed to exit their banking investments, but the growth prospects of EverBank Financial in Jacksonville, Fla., should keep its moneymen patient, CEO Robert Clements says.

Bank of Virginia in Midlothian, Va., is moving to shore up its stock price.

It's been a long, steady decline for mutual thrifts across most of the nation. That isn't the case in Maine, where an aversion to outsiders benefits home-grown mutuals.

Citing changes in the regulatory landscape — as well as tepid loan demand — banks are suddenly showing more interest in a decades-old program that allows them to indirectly invest in small businesses.

C1 Bank of Lakewood Ranch, Fla., may be requiring U.S. Century Bank in Doral, Fla., to unload some troubled loans prior to C1's pending purchase of the struggling lender.

The Federal Reserve Bank of San Francisco has terminated a memorandum of understanding with Wilshire Bancorp (WIBC) in Los Angeles.

Seth Waller, most recently a consumer credit officer at U.S. Bancorp, has joined EverBank in Jacksonville, Fla., as its first chief credit officer.

The payment hierarchy is dynamic. Lenders using historical payment models to set strategy risk significant exposure on their existing loan portfolios as well as on acquisition opportunities when consumer preferences inevitably shift.