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.

TierOne, Great Western in Branch Deal

TierOne Corp. announced Friday that it plans to shrink its assets by a quarter through a branch sale to Great Western Bank.

TierOne of Nebraska Records Another Loss

The $3.3 billion-asset company said late Monday that it lost $3.8 million in the fourth quarter as it continued to build its reserves.

Regulators Shut Four Banks

Failure activity accelerated late Friday, as regulators shut four banks totaling just over $1 billion in assets.

TierOne Ordered to Fix Loan Policies, Keep Capital High

TierOne has entered into a supervisory agreement with its regulator that calls for the company to strengthen its loan policies and keep an elevated level of capital.

Fed Order for Nebraska's Hastings

The Federal Reserve Bank of Kansas City has ordered Hastings Bancorp in Nebraska to suspend dividend payments to preserve its capital, and not take on any more debt.

Mutual of Omaha Speeds Up Growth Plan

Sees more opportunity in M&A after snapping up two failures

With the backing of its deep-pocketed parent, Mutual of Omaha Bank intends to continue buying troubled or failed banks, and within 10 years it could even "rival" its ...

TierOne Shutting Offices in Six States

TierOne said that it will close all nine of its loan production offices and will focus instead on lending through bank branches in its home markets of Iowa, Kansas, and Nebraska.

Loan Sale Lifts TierOne Stock

TierOne's stock jumped Thursday after the Lincoln, Neb., company said it sold $63.8 million of delinquent Florida residential construction loans.

Loss Grows at TierOne of Nebraska

A large loan-loss provision and an even larger goodwill impairment charge led to another quarterly loss for TierOne of Lincoln, Neb.

Deal Canceled, TierOne Focuses on Loan Cleanup

Now that its long-delayed sale to a Maryland real estate investment trust has officially been called off, TierOne is focused on getting its house back in order

TierOne Terminates Deal with CapitalSource

The deal had been on shaky ground for months, as both companies' share prices plummeted and TierOne's credit quality weakened.

Investors Dump TierOne After 4Q Loss

Shares of TierOne Corp. fell 7.46% Tuesday, to $12.78, after the Lincoln, Neb., company disclosed that it had lost $18 million in the fourth quarter.

TierOne Drops on Deal's Uncertain Fate

Shares of TierOne Corp. fell sharply Tuesday on news that its planned sale to CapitalSource Inc., a Chevy Chase, Md., real estate investment trust, could be in jeopardy.