A credit union public funds bill has been signed into law by Oregon Gov. Ted Kulongoski, removing a $250,000 ceiling on public fund deposits a credit union can hold.

BofI Holding Inc. in San Diego has announced plans to raise $13.19 million in a public stock offering. The $1.4 billion-asset company, whose business niche is providing banking services over the Internet, priced the offering of 1.066 million shares at $13 per share on Tuesday, 7% under its stock's Monday closing price of $14.

Amid concerns about its future, Amcore Financial Inc. in Rockford, Ill., said it had sold 12 branches and two stand-alone drive-up sites of its main subsidiary, Amcore Bank.

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The vast majority of credit unions no longer permit credit-card holders to exceed their credit limits, according to The Members Group.

Arrow Financial Corp. in Glens Falls, N.Y., said it has a deal to buy the area insurance firm Loomis & LaPann Inc. for an undisclosed price.

Atlantic Coast Federal Corp. has recruited veteran banker Jay S. Sidhu to its board.

A bill that would give New York credit unions access to tens of millions of dollars in municipal deposits cleared the New York State Senate last week as part of a budget resolution, giving it momentum for a vote in the state Assembly.

Centrue Financial Corp. in St. Louis reported a $14.5 million fourth-quarter loss on Monday, nine times more than its loss the year earlier.

When Pacific Continental says it is going to be picky, it has credibility. After all, the $1.1 billion-asset company in Eugene, Ore., has made only one acquisition since 1972.

WASHINGTON — Four more banks failed Friday night totaling $1.2 billion in assets and costing the Federal Deposit Insurance Corp. an estimated $320 million.

PremierWest Bancorp in Medford, Ore., is extending its public stock offering by two days to April 2. The $1.56 billion-asset company started the offering last Monday to raise $17.3 million.

Flagstar Bancorp Inc. in Troy, Mich., has priced the $250 million common equity offering it announced earlier this month.

Community banks have a new way to find potential employees. The Independent Community Bankers of America this month launched the Community Bank Career Center, a national database of resumes and job postings.

Community banks have a new way to find potential employees. The ICBA this month launched the Community Bank Career Center, a national database of resumes and job postings.

The Federal Reserve on Thursday issued enforcement actions against two bank holding companies.

PVF Capital Corp. in Solon, Ohio, is expected to amass an additional $30 million of capital by today to combat its growing pool of problem assets.

Accountants for Amcore Financial Inc. of Rockford, Ill., said its future is in doubt.