Recent News

MBT Financial Corporation Announces Completion of $14 Million Private Placement
Posted: 12/23/2013

MONROE, Mich.–(GLOBE NEWSWIRE)–MBT Financial Corp., (Nasdaq:MBTF), (the “Company”), announced today that it entered into securities purchase agreements to sell $14 million of common stock through the...

Delmarva Bancshares, Inc. Announces $11 Million Private Stock Offering
Posted: 12/19/2013

Delmarva Bancshares, Inc., (the “Company” or “Delmarva”) the bank holding company for the National Bank of Cambridge (the “Bank”), announced today that institutional investors have agreed to purchase...

Community Banker of the Year: Heritage Oaks’ Simone Lagomarsino
Posted: 11/21/2013

Simone Lagomarsino has helped turn around a lot of banks, but she’d never seen one in such bad shape. When she took over as CEO of $1.1 billion-asset Heritage Oaks Bank (HEOP) in Paso Robles, Calif.,...

First Merchants Corporation Announces the Completion of Merger with CFS Bancorp
Posted: 11/12/2013

MUNCIE, Ind.–(BUSINESS WIRE)–First Merchants Corporation (FRME) successfully completed its previously announced merger with CFS Bancorp, Inc. (CITZ), of Munster, Indiana on Tuesday, November 12, 2013...

The Business Bank of St. Louis Gets Capital Infusion with Local Ties
Posted: 11/12/2013

The parent company of The Business Bank of St. Louis has raised $10 million in capital from a California fund that invests in community banks and that has ties to St. Louis.

Community Trust Bank Named One of The Best Banks to Work for in US
Posted: 10/30/2013

Community Trust Bank has been named one of the top three Best Banks to Work For by American Banker magazine in the three to ten billion dollar range. The program, which was initiated in 2013 to ident...

SouthCrest Financial Group Reports Closure of $17.5 Million Capital Raise
Posted: 10/24/2013

PEACHTREE CITY, Ga.–(GLOBE NEWSWIRE)–Kenneth H. Maloy, President and CEO of SouthCrest Financial Group, Inc. (SCSG:PK) announced today that the company reported preliminary results for the third quar...

Heritage Oaks Bancorp and Mission Community Bancorp Agree to Merger
Posted: 10/21/2013

PASO ROBLES and SAN LUIS OBISPO, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp (Nasdaq:HEOP) (“Heritage Oaks”) and Mission Community Bancorp (OTCQB:MISN) (“Mission Community”) today announced that th...

Anchor BanCorp Completes $175 Million Recapitalization
Posted: 09/27/2013

Anchor BanCorp Wisconsin Inc. has completed its $175 million recapitalization, it said Friday in a news release.

Heritage Oaks Bancorp Announces Termination of Memorandum of Understanding with Fed
Posted: 09/04/2013

PASO ROBLES, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp (“Heritage Oaks” or the “Company”) (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the “Bank”), announced that the F...

Anchor BanCorp Wisconsin ‘Pre-Packaged’ Reorganization Plan Gets Court Approval
Posted: 08/30/2013

MADISON, Wis.–(GLOBE NEWSWIRE)–Anchor BanCorp Wisconsin Inc. (“Anchor BanCorp” or the “Holding Company”) today announced that the Holding Company has received court approval of its recently announced...

SouthCrest Financial Group Reports All Consent Orders Released
Posted: 08/19/2013

PEACHTREE CITY, Ga.–(GLOBE NEWSWIRE)–Kenneth H. Maloy, President and CEO of SouthCrest Financial Group, Inc. (OTCQB:SCSG) announced today that the company is now operating without any consent orders....

Eastern Virginia Bankshares, Inc. Announces Prepayment of $107.5 Million of FHLB Advances
Posted: 08/16/2013

TAPPAHANNOCK, Va.–(PRNewswire)–Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the “Company”), the holding company for EVB (the “Bank”), announced today the prepayment of $107.5 million of long-ter...

Carlile Bancshares’ Colorado Community Bank, Bank at Broadmoor to Become Northstar Bank Colorado
Posted: 08/06/2013

Yuma-based Colorado Community Bank and The Bank at Broadmoor in Colorado Springs will merge Aug. 12 and be called Northstar Bank Colorado, the banks said Tuesday.

Eastern Virginia Bankshares Released from Written Agreement with Fed
Posted: 08/03/2013

Eastern Virginia Bankshares Inc., parent company of Eastern Virginia Bank, on Friday became the third bank in Richmond to be released from its written agreement with regulators.

Heritage Commerce to Redeem $9 Million in Floating-Rate Subordinated Debt, Repurchase TARP Warrant
Posted: 07/25/2013

SAN JOSE, Calif.–(GLOBE NEWSWIRE)–Heritage Commerce Corp (Nasdaq:HTBK), the holding company (the “Company”) for Heritage Bank of Commerce (the “Bank”), today reported net income of $2.8 million for t...

Heritage Oaks Bancorp Redeems TARP
Posted: 07/17/2013

PASO ROBLES, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp (“Heritage Oaks” or the “Company”) (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the “Bank”), announced that it ha...

Eastern Virginia Bankshares, Inc. Announces Closing of $45 Million Private Placement
Posted: 06/12/2013

TAPPAHANNOCK, Va.–(PRNewswire)–Eastern Virginia Bankshares, Inc. (NASDAQ: EVBS) (the “Company”) announced today the closing of the previously announced $45.0 million private placements with affiliate...

First Bancorp Completes $75 Million Asset Sale
Posted: 05/06/2013

NEWPORT BEACH, Calif.–(Marketwired)–Sabal Financial Group, L.P., a diversified financial services firm, announced its participation in the acquisition by its client of a real estate and land loan por...

Heritage Oaks Bancorp Reports Termination of Memorandum of Understanding with FDIC
Posted: 04/25/2013

PASO ROBLES, Calif.–(GLOBE NEWSWIRE)–Heritage Oaks Bancorp (the “Company”) (Nasdaq:HEOP), a bank holding company and parent of Heritage Oaks Bank (the “Bank”), reported net income of $3.7 million for...

Square 1 Bank Announces Launch of Square 1 Asset Management
Posted: 04/04/2013

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced the launch of Square 1 Asset Management, a registered investment advisor. A subsidiary ...

Guaranty Bancorp Plans 5-for-1 Reverse Stock Split
Posted: 04/02/2013

Denver-based Guaranty Bancorp is planning a 5-for-1 reverse-stock split in hopes of luring new investors with a share price stronger than the anemic one the bank has watched for several years, accord...

Columbia Banking System Announces Closing of Acquisition of West Coast Bancorp
Posted: 04/01/2013

TACOMA, Wash.–(PRNewswire)–Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia“) today announced the completion of its acquisition of West Coast Bancorp (“West Coast”), the parent company of West ...

First Bank Completes Acquisition of Two Branches from Four Oaks Bank & Trust Company
Posted: 03/25/2013

TROY, N.C.–(PRNewswire)–First Bank, the bank subsidiary of First Bancorp (NASDAQ: FBNC), announces the acquisition of the Rockingham and Southern Pines branches of Four Oaks Bank, which was effective...

First Bancorp Announces Move of Corporate Headquarters to Southern Pines
Posted: 03/13/2013

TROY, N.C.–(PRNewswire)–First Bancorp (NASDAQ: FBNC), the parent company of First Bank, announced today that it would consolidate some of its operations in a recently purchased building in downtown S...

Lousiana-Based Community Trust Bank to Enter Houston
Posted: 02/22/2013

Denver-based Guaranty Bancorp is planning a 5-for-1 reverse-stock split in hopes of luring new investors with a share price stronger than the anemic one the bank has watched for several years, accord...

First Bancorp Names New Chairmen
Posted: 02/07/2013

First Bancorp has elected a new chairman, as well as chairmen for its banking and insurance subsidiaries.

Intermountain Announces NASDAQ Listing
Posted: 01/09/2013

SANDPOINT, Idaho–(GLOBE NEWSWIRE)–Intermountain Community Bancorp (OTCBB:IMCB) (the “Company”), the bank holding company of Panhandle State Bank, today announced that its common shares have been appr...

Guaranty Bancorp Redeeming $15 Million of Its Trust Preferred Securities
Posted: 01/04/2013

DENVER, CO–(Marketwired)–Guaranty Bancorp (NASDAQ: GBNK), a Colorado-based, community bank holding company, announced it has submitted redemption notices to the trustee for certain trust preferred se...