ABA Head Is No Stranger to Hard Times

Arthur C. Johnson, chairman and CEO of United Bank of Michigan said that his intent as the new chairman of the American Bankers Association is to advocate for the kind of political change that will help jump-start the economy.

Another Loss, and Trip to the Capital Well, for Flagstar

Despite posting its fifth consecutive quarterly loss, and its biggest one yet by far, Flagstar's new chairman and chief executive insisted the company could be a potential ...

Macatawa's Capital Troubles Worsen

Despite raising capital three times in the last 12 months, Macatawa Bank Corp. in Holland, Mich., needs more capital because of mounting losses.

Michigan Bank Boosts Its Immune System

Citizens Republic Bancorp in Michigan is finding that capital counts for a lot. The company lost $853.4 million in the past year and a half, including $56.9 million in the third quarter.

Regulators' Views Force Restatement

As other banking companies ready third-quarter results, at least two are being forced by regulators to restate their second-quarter figures, with serious consequences.

Regulators Shut Three Banks, in Michigan, Minnesota and Colorado

'09 failure total rises to 98

Regulators shut three banks late Friday — Warren Bank in Michigan, Jennings State Bank of Spring Grove, Minnesota and Southern Colorado National Bank in Pueblo.

Another Cleanup Job for Sovereign Vet at Flagstar

As the new president and chief executive of Flagstar Bancorp Inc., Joseph P. Campanelli has a lot of work to do, but he has been in challenging situations before.

Citizens Stung by Nonperformers

Nonperforming assets continued to rise at an already stressed Citizens Republic Bancorp of Flint, Mich., in the second quarter, as the Michigan economy ...

Capitol Ditching Its Home State in Spinoff

Capitol Bancorp has spent years expanding into growth markets to offset the sputtering Michigan economy. But now Capitol, sputtering itself, is practically dumping its home ...

Capitol's Latest Reversal: Local Partners Buy it Out

Capitol Bancorp Ltd.'s latest divestiture deal underscores just how far the company has retreated from its original strategy.

If CAP Fits, Michigan Bank May Wear It

Citizens could be first taker for TCE-boosting program

The difference between CAP and CPP is much more than a letter, and Citizens Republic Bancorp of Flint, Mich., may become the first company to reap the benefits.

Capitol, Divesting, in First Deal

The $132.5 million-asset Foothills Bank in Yuma, Ariz., agreed to pay $10.5 million for Capitol Bancorp Ltd.'s $72.3 million-asset Yuma Community Bank.

Capitol Strikes Deal to Sell Arizona Bank

Just a few weeks after announcing plans to sell some of its subsidiary banks, Capitol Bancorp Ltd. has its first suitor.

Lot Sale Boosts Mich. Bank Loss

After selling a foreclosed property for less than it expected, MBT Financial in Monroe, Mich., said it must revise the first-quarter loss that it reported last week.