Two Failures Bring Yearly Total to 22

State regulators shut two banks on Friday, bringing the year's total failures to 22. The failures are expected to cost the Deposit Insurance Fund $103.1 million.

PE Buyers Strike Again as Six Banks Fail

For the second Friday in a row, the FDIC relied on new-bank capital to find homes for the operations of failed institutions.

Loan Sales Look Better to Banks with Fresh Capital

Loan sales helped a growing number of community banks push some of their problems out the door in the fourth quarter.

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.

Washington Federal Positioned to Acquire in Ailing Northwest

Its numbers are still a bit wanting, but Washington Federal Inc. is distinguishing itself from the pack of recession-hit also-rans in the beleaguered Pacific Northwest.

Failures Begin Anew in '10

Friday brought the first failure of the year as Horizon Bank in Bellingham, Wash., was closed by state regulators.

Banner Postpones Its Stock Offering

Banner Corp. in Walla Walla, Wash., terminated a common stock offering Friday, citing "current market conditions."

Fed Action Against Washington, Kansas Banks

The Federal Reserve has announced enforcement actions against two banking companies in Washington State and one in Kansas.

FDIC Speaks More Softly, Retains Stick

In a move that should help stressed banks avoid public relations fiascoes, the FDIC has toned down the harsh wording of orders it issues to such institutions.

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.