Missouri's First Banks Has New Texas Branch Sale Deal

Prosperity Bancshares in Houston announced Monday that it would acquire the 19 branches, including deposits of $500 million and assets of $100 million, from First Banks for a ...

Five Failures, Five States at Total Cost of $532M

PE buyer finally gets to use 'shelf' charter

WASHINGTON — Regulators seized five banks in as many states Friday, bringing the 2010 failure total to nine.

Capitol of Michigan to Sell Missouri Bank Stake

Capitol Bancorp Ltd. in Lansing, Mich., announced Monday that it has a deal to sell its 51% stake in Adams Dairy Bank in Blue Springs, Mo., to the bank's board of directors.

To Survive, Mercantile of Illinois Is Halving Its Lineup

Mercantile Bancorp Inc. is shedding half its banks in a series of deals that illustrates the financial contortions some companies need to survive the recession.

U.S., China Team Up on Failed San Francisco Bank

Officials announced the elaborate closing of United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's ...

Enterprise of Missouri Delays 3Q Results

Instead of reporting third-quarter results as expected Tuesday, Enterprise Financial Services in Clayton, Mo., announced a delay.

'09 Failure Total Rises to 89 After Five More Collapses

Federal and state regulators shut five banks in Iowa, Missouri, Arizona and Illinois late Friday, raising the number of failures this year to 89.

Mutual Conversion Outlook Brightening

Only three mutual thrifts have succeeded in going public so far this year, but the conversion market is starting to pick up, with two large deals on the way.

Deal Spurs Profit for Great Southern

The Springfield, Mo., company recognized a gain of $25.4M from the fair-value accounting associated with its March acquisition of TeamBank from the FDIC.

Southern Mo. Has Ark. Deal

Southern Missouri Bancorp in Poplar Bluff, Mo., is entering northeast Arkansas by buying a $30.5M-asset bank that has been under a regulatory order for more than a year.

Two Failures Bring Year's Total to 25

WASHINGTON — The year's failure total hit 25 Friday night, as regulators closed institutions in Nevada and Missouri.

Flat Quarter for Commerce of Missouri

Commerce Bancshares in Kansas City, Mo., said Tuesday that fourth-quarter earnings were flat with a year earlier, at $43.8 million, or 58 cents a share, as net interest income ...

Going it Alone to Raise Trust-Preferred Capital

Peter Benoist, the president and CEO of Enterprise Financial Services, said his company chose the trust-preferred route because a stock offering would have been too dilutive, given the current stock price.

Pulaski Shares Slide on $4M Loss

Shares of Pulaski Financial of St. Louis fell 9% Wednesday on news that it lost $4.1 million, or 39 cents a share, in its fiscal fourth quarter because of a spike in troubled ...