Capitol Federal Financial continues its quest to reorganize in a new business structure, despite a recent setback from a failure to sell the minimum amount of new shares required by regulators. Topeka-based Capitol Federal Financial (Nasdaq: CFFN) is the holding company for Capitol Federal Savings Bank, a thrift that is the sixth-largest bank in the Kansas City area based on market share of deposits, according to the Kansas City Business Journals list of top area banks.

CapFed is in the midst of a plan to convert its two-tier mutual holding company into a full stock holding company. Driving the move are concerns about likely rule changes related to dividend payments, now that the Office of Thrift Supervision is set to be taken over by the Office of the Comptroller of the Currency, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. [Read the full article]

Riverview Community Bank has announced Kim J. Capeloto has joined Riverview as Executive Vice President - Operations and Marketing, where he will manage the operations, technology, and public relations functions of the Bank.

Capeloto has 27 years of experience in the retail and financial services industry, including more than 20 years in management. He most recently served as interim President & CEO of the Greater Vancouver Chamber of Commerce.

Capeloto serves the community in a variety of areas, including Identity Clark County Board Member, Community Choices Advisory Board, Chairman of the Board of the School of Piano Technology for the Blind, and is a Board Member for both Junior Achievement and the Washington State University Diversity Advisory Board.

Ron Wysaske, President and COO of Riverview, said, "Kim Capeloto is an asset to our community, and is well known as a talented banker and a fine leader. [Read the full article]

First Niagara Bank (Nasdaq:FNFG - News) launched its 2010 Mentoring Matters program today with $500,000 funding available in Upstate New York and by announcing its first-ever student mentoring essay contest to reinforce the importance and showcase the positive impact mentoring has on the lives of today's youth.

Now beginning its fourth year, Mentoring Matters provides critical funding and volunteer support for mentoring efforts conducted by non-profit organizations throughout Upstate New York.

For the 2010 edition, First Niagara has introduced the student mentoring essay contest, which is open to sixth grade students who are involved in mentoring programs and enrolled in schools in the counties where First Niagara serves throughout Western, Rochester, Central and Eastern New York. [Read the full article]

Sterling Financial Corporation (NASDAQ:STSA - News) (“Sterling”), the bank holding company of Sterling Savings Bank, today announced the successful completion of its previously announced $730 million transaction raising new capital from institutional, private equity and other accredited investors. The amount of capital raised exceeds the amount required under Sterling agreements with its regulators and restores both Sterling and Sterling Savings Bank regulatory ratios to levels that exceed well-capitalized thresholds under applicable guidelines.

President and Chief Executive Officer Greg Seibly said, “The successful completion of this capital raise helps position Sterling as a premier community banking franchise in the Pacific Northwest. [Read the full article]