Central Pacific Financial Corp. in Honolulu has received approval from regulators to complete a much-needed $325 million capital injection.

Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.

Alma Bank in Astoria, N.Y., said Friday that George Katsiaunis will become its president. Katsiaunis is to succeed Luis Rebatta, who has been president of the $497.2 million-asset bank since it opened in 2007.

Bethpage Federal Credit Union has started an interactive marketing campaign that tells people, "It's time to give your bank a pink slip."

HarVest Bancorp Inc. has reportedly been without a chief executive for several weeks as it finalizes a recapitalization plan that intended on the previous CEO staying.

Bank of New York, representing holders of trust-preferred debt, has put up a vigorous fight against Builders Financial's reorganization plan, accusing the bankrupt company's owner of using straw creditors to deceive the court.

The Fed and OCC are asking a federal judge to dismiss TCF Financial's lawsuit, which seeks to block implementation of the Durbin amendment.

The ICBA's Camden Fine says because Dodd-Frank shifts control over routing debit card transactions from issuers to merchants, allowing them to bypass small financial institutions, it negates any benefit for exempt community banks.

Emclaire Financial Corp. in Emlenton, Pa., raised its quarterly dividend by 14%. The $481.9 million-asset company declared a dividend of 16 cents a share, compared with 14 cents a quarter earlier.

Citizens First Corp. in Bowling Green, Ky., said Thursday that it has agreed to repay part of its outstanding debt under the Troubled Asset Relief Program.

The Federal Reserve Board said it has reached a written agreement with Westside Banking Co. of University Place, Wash.

Regulators on Wednesday cleared Motion Picture Federal Credit Union to merge into the $80 million-asset Musicians Interguild Credit Union in Hollywood, Calif.

The board of Independent Bank Corp. in Ionia, Mich. is already making plans in advance of its leader's retirement next year.

Blackhawk Bancorp Inc. of Beloit, Wis., reported a 52% increase in fourth-quarter earnings from a year earlier as an improved net interest margin offset higher credit costs.

Southern Community Financial Corp. of Winston-Salem, N.C., said Thursday that its bank has signed a consent order requiring it to reduce problem loans and maintain capital levels.

A Maryland credit union's new venture promises to make enemies out of allies and attract a strange bedfellow — banks.

Broadway Financial Corp. in Los Angeles announced Wednesday that the Treasury Department has agreed to take a 50% haircut on its holdings to help bolster the company's recapitalization efforts.

Yadkin Valley Financial Corp. of Elkin, N.C., said late Tuesday that it had named an insider to become its next president and chief executive.

Vista Bank Texas in Houston has agreed to buy Founders Bank of nearby Sugar Land. The $145.7 million-asset Founders will fold its single branch into the $455.6 million-asset Vista.

Har-Co Maryland Federal Credit Union in Bel Air has notified members and the National Credit Union Administration that it plans to convert to a mutual savings bank. It would become the first conversion in more than two years.