Alan Kline

Losses at First Financial Services Corp. mounted in the second quarter after the Elizabethtown, Ky., company set aside an additional $13 million to deal with problem loans.

Looking to trim its overhead, West Coast Bancorp in Lake Oswego, Ore., is planning to close three of its roughly 62 full-service branches by the end of November.

After initially warning investors that it expected to report a loss of $4.6 million in the second quarter, Wilshire Bancorp in Los Angeles now says that it turned a $2.1 million profit.

Shares of Bank of America Corp., Citigroup Inc., Regions Financial Inc. and just about every other banking company plunged Thursday as concerns about a double-dip recession sent financial markets tumbling.

Aided by two acquisitions and sharply lower deposit costs, BankFinancial Corp. in Burr Ridge, Ill., swung to a profit of $1 million in the second quarter from a loss of $288,000 in the same period last year.

Citizens Financial Group Inc. is offering a new credit card that will allow its small-business customers to set spending controls on cards issued to their employees.

Buoyed by gains in mortgage-servicing revenue, Ocwen Financial in Atlanta reported net income of $26.4 million in the second quarter, up 65% from the $16 million it earned in the same quarter last year.

Clifton Savings Bancorp Inc. in New Jersey said that its second-quarter net income fell nearly 18% from the same period last year due to legal expenses related to its decision to terminate its planned second-step conversion.

Profits at TFS Financial Corp. in Cleveland fell sharply in the quarter that ended June 30, as a surge of new loan activity could not make up for a steep drop in noninterest income.

Rockville Financial Inc. eked out just a small profit in the second quarter after it opted to use the proceeds from its recent second-step conversion to pay down debt and hire new talent.

The management at Anchor BanCorp Wisconsin Inc. is hoping that another quarter of shrinking losses will bolster its case for attracting fresh capital.

Pacific Western Bank in Los Angeles has hired Linda Nahra, the former chief executive at Community West Bank in Goleta, Calif., as a regional president.

FNB United in Asheboro, N.C., has finished raising the $310 million of capital it needs to move forward with its plan to acquire another North Carolina bank.

Richard Lashley, an activist investor known for pressuring underperforming banks to find buyers, has won a seat on the board of BCSB Bancorp Inc. in Baltimore.

Premier Financial Corp. in Huntington, W.Va., has received permission from the Federal Reserve Board to once again start paying down its debt to the U.S. Treasury Department.

In an otherwise down day for bank stocks, shares of Old National Bancorp rose sharply Monday after the Evansville, Ind., company reported strong earnings for the second quarter and added dozens of new branches with its acquisition of a failed bank.

Coming off the best quarter in its 101-year history, German American Bancorp in Jasper, Ind., appears to be readying itself for expansion.

First Data said it would refer its bank and credit union clients to IronKey for software to protect users from fraud when banking online.

OmniAmerican Bancorp Inc. in Fort Worth, Tex., said Monday that its net income for the second quarter more than doubled from a year earlier, to $1.2 million, due largely to lower deposit costs and 20% increase in interest-earning assets.

The Federal Deposit Insurance Corp. has ordered three community banks hobbled by losses on real estate loans to raise fresh capital or merge with other banks.