Eagle Bancorp in Bethesda, Md., recorded a large quarterly loss after taking a goodwill impairment charge. The $11.3 billion-asset company said in a press release that it lost $83.8 million in the second quarter. The $104.2 million impairment came after Eagle conducted its annual impairment test and reflected “current economic conditions.” Separately, the company said it had created an expatriate banking service division as part of a broader plan to

Time Bank in Park Ridge, Ill., has agreed to buy Northwest Investment Corp. in Davenport, Iowa. The $470 million-asset Time said in a press release that it expects to buy the parent of the $225 million-asset Northwest Bank & Trust in the fourth quarter. The price wasn’t disclosed. Northwest has three branches. Joe Slavens, Northwest’s president and CEO, will become a strategic adviser to Time Bank. Adam Pelzer, Northwest’s executive

CIB Marine Bancshares in Champaign, Ill., has completed a sale-leaseback transaction for three branches. The $889 million-asset company sold the Champaign locations to MountainSeed Real Estate Services for $6.5 million. CIBM Bank then agreed to lease the branches for an initial 15-year term with an option to renew for another 15 years. The lease terms were not disclosed. “This transaction was an opportunity for CIBM Bank to pursue important strategic

Fremont Bank in Fremont, Calif., will soon have a new president. The $5.9 billion-asset bank said in a press release that Don Marek will take on the role on Aug. 1. Marek will succeed Andy Mastorakis, who will remain CEO. Marek recently led the bank’s commercial lending group. "Don is an exceptional leader who embodies our culture and is committed to being accessible and evolving our relationship-based banking model," Mastorakis

First Guaranty Bancshares in Hammond, La., laid off about 15% of its employees and cut its dividend in half as it braces for slowing asset growth and aims to improve its capital position. The $3.6 billion-asset company said in a press release that it cut 71 positions. Each employee will receive 60 days of pay, payment for unused vacation time and healthcare coverage through Sept. 30. First Guaranty said the

The planned Fortuna Bank is targeting a fall opening after meeting its capital requirement. The proposed Grandview Heights, Ohio, de novo said in a LinkedIn post that it raised more than $20.7 million! “This incredible milestone reflects the unwavering support and confidence from our shareholders and community partners,” the organizers said in the post. “Our core processing system is under construction, ensuring we are well prepared to deliver top-notch service

The Treasury Department has informed Comerica that the Dallas company could lose a lucrative Direct Express government contract. As the exclusive provider of the Direct Express prepaid card, the $71.8 billion-asset Comerica serves 4.5 million recipients and handles more than $3 billion of noninterest-bearing deposits. Though a decision has not yet been made, Comerica said it received preliminary notification that it was rejected as the program’s financial agent. The five-year

ACNB in Gettysburg, Pa., has agreed to buy Traditions Bancorp in York, Pa.   The $2.5 billion-asset ACNB said in a press release that it will pay $73.5 million in stock for the $859 million-asset Traditions. After the deal closes, Traditions’ shareholders will receive a quarterly cash dividend equal to about 23 cents a share.   The deal, which is expected to close in the first quarter, priced Traditions at