Failures in Triple Digits After 7 Banks Fall

Failures in 2009 shot past the 100-mark late Friday as regulators swooped into seven community banks in the Midwest and southeast.

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.

Minnesota Deal May Illustrate Tiny Consolidation Trend

KleinBank's new CEO already has a deal to buy a struggling one-branch competitor, and industry observers say more companies could start eyeing similar small deals.

Illinois' Corus Bank Collapses, Bringing '09 Failure Total to 92

Time ran out on Corus Bank late Friday as regulators closed the once-high-flying Chicago condominium lender and sold its operations to another institution.

Three More Banks Collapse

Three banks totaling $1.9 billion in assets failed late Friday, bringing the year's closure total to 84.

'09 Failures Up More Than 10% in One Night

Regulators Close 5 Banks; Worst Single Evening Since 1992

While all the banks were relatively small, their estimated total cost to the Deposit Insurance Fund was not: $265 million.

First Financial, Bremer Join Student Lending Departures

More community banking companies are abandoning student lending, thanks to thin margins and an inability to sell the loans.

TCF: Capital Repayment Plan Approved

TCF Financial said Monday that it has received approval to repay the $361.2 million of government capital it received.

Thrift Buys Give U.S. Bancorp California Boost

Joseph Otting, U.S. Bancorp's vice chairman and senior officer of West Coast operations, said in an interview Monday that the company is also eyeing opportunities in Oregon, Washington, Nevada, Arizona, Tennessee, and the Chicago area.

Writeoff Drives HMN to a Loss

HMN Financial of Rochester, Minn., lost $7.1M, or $1.93 a share, in the third quarter after writing off a large commercial loan and setting aside $3.4M for two ...

Natcom of Wisconsin Buying Rival

Natcom Bancshares in Superior, Wis., said it has agreed to buy Superior Bancorp.

Regulators Close First Integrity of Minnesota

First Integrity Bank, a community bank in Staples, Minn., was closed by regulators late Friday. The $53 million-asset bank was the fourth to fail this year.

Fed: Some Mortgage Markets Stabilizing

As weaknesses continue to pervade the mortgage market, the Federal Reserve Board's Beige Book, released Wednesday, noted pockets of optimism.

LaSalle Minnesota Executives Join PrivateBank

PrivateBank has expanded into the Minneapolis market after adding three executives from LaSalle Bank Corp.