A Buyer, New Capital Elude Rainier

Another round of writedowns on pooled trust-preferred securities has left Rainier Pacific Financial Group Inc. and its bank unit significantly undercapitalized.

Failure Warning at Horizon Financial

Horizon Financial Corp. in Bellingham, Wash., has warned that it may fail because the company and its bank unit are critically undercapitalized.

PE Looks Ready to Make Investments in Industry

Donald Marron, whose Lightyear Capital agreed to inject $40M into Cascade Bancorp in Bend, Ore., said that his team has met with roughly 150 management teams at midsize community banks in the past year.

Surprise Shake-Up Follows a Reg Order

Just three months after saying its problems had begun to level off, Sterling Financial unexpectedly ousted its longtime leader and was ordered by regulators to boost capital levels.

Washington's Frontier in Peril as Regulatory Delays Nix Deal

Frontier Financial Corp. of Everett, Wash., is scrambling for capital again, after announcing Monday that its lifesaving deal with a blank-check company had fallen apart.

More Reg Pressure on AmericanWest

The $1.8B-asset company said in a SEC filing Monday that it has 60 days to submit a plan for maintaining sufficient capital, under a written agreement it signed Sept. 15 with the ...

Washington Federal Raising $300M

Washington Federal Inc. in Seattle is raising $300 million of capital to support its growth and possibly make acquisitions.

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.

Capital-Shy Frontier Finds an Acquirer to Rescue It

SP Acquisition Holdings, a blank check company with $429M to spend, has agreed to buy Frontier through a share exchange and then recapitalize its bank.

Capital's Not the Half of It: Woes of Start-Ups

A handful of bank start-ups have managed to overcome tight capital markets, increased regulatory scrutiny and a soured public perception of the banking industry, and the organizers who have succeeded say it has not been easy.

Cascade to Post Loss Up to $21M

Citing trouble with its construction loans, Cascade Financial in Everett, Wash., said Thursday that it expects to report a second-quarter loss of $19 million to $21 million.

Securities Downgrades Prove Painful

Trust-preferred hits aggravating some capital requirements

The last thing a community bank suffering from bad loans needs is a downgrade on its investments. But that is exactly what many banks are getting.

Evergreen of Seattle Teetering

Despite posting a small first-quarter profit, EvergreenBancorp Inc. in Seattle says its survival is in jeopardy.

Capital Hike Ordered for AmericanWest

AmericanWest Bancorp. in Spokane must boost capital at its banking unit by Sept. 8 under a cease-and-desist order from the FDIC and the Washington State Department ...