Marissa Fajt

Green Bankshares said "no thanks" to a major shareholder's unsolicited offer to inject up to $40 million of fresh capital into the company so it can buy failed banks.

Green Bankshares Inc. in Greeneville, Tenn., said "no thanks" to a major shareholder's unsolicited offer to inject $25 million to $40 million of fresh capital into the company so it can buy failed banks.

For months now, Central Pacific Financial has been aiming at a moving target in trying to raise capital. And after a staggering $183M third-quarter loss because of rising loan trouble, the target just moved again.

Credit kept worsening at First State Bancorp. in Albuquerque last quarter — leaving the company undercapitalized and its bank unit only adequately capitalized.

Despite raising capital three times in the last 12 months, Macatawa Bank Corp. in Holland, Mich., needs more capital because of mounting losses.

Listen up bankers. A specialty finance firm in California is winning over unbanked consumers with simple, small-dollar loans.

Two years into the financial crisis, spreads have widened considerably, and Beal's buying is in overdrive. Its assets surged 135% from a year earlier, to $7.5 billion at June 30.

A thrift's unusually structured deal to take over a nonbank commercial lender encapsulates the key challenges facing both sectors: capital for the depositories and funding for the finance companies.

West Coast Bancorp of Lake Oswego, Ore., one of many struggling institutions in the Pacific Northwest, said Monday it managed to raise all the capital it needed to satisfy regulators — and then some.

NBH Holdings in Boston said it aims to amass $12B in assets. It could apply for a shelf charter, which would let it bid on failed banks that have been taken over by regulators, or it could buy healthy institutions.

After years of idling, Florida Shores Bancorp Inc. is shifting into high gear with a new strategy that reflects changes in the regulatory and economic environment since the company's founding.

Hancock Holding in Gulfport, Miss., has begun a $150 million common stock offering, just after reporting that its third-quarter earnings slipped 4.9% from the year earlier, but rose 10.7% from the second quarter, to $15.2 million.

The FDIC's decision to keep secret the losing bids for failed banks – after two decades of disclosing them – is proving controversial, with reactions ranging from outrage to just plain puzzlement.

William Isaac, a former chairman of the Federal Deposit Insurance Corp., says he understands why the agency might want to keep secret the losing bids for failed banks.

Global Consumer Acquisition Corp., a blank-check company, said Wednesday that its shareholders had approved a deal to buy the $45 million-asset 1st Commerce Bank in North Las Vegas.

As the former chief executive of Fair Isaac Corp., Larry E. Rosenberger knows a thing or two about credit risk. Now he's taking one, by extending a $500,000 loan to the cash-strapped Tamalpais Bancorp.

Global Consumer Acquisition Corp. of New York has terminated negotiations to buy the Nevada branches that BB&T Corp. picked up in the failure of Colonial Bank.

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.

For the industry's entrepreneurs, buying a small depository, rather than building one from scratch, has gone from the exception to the rule.

Kay Hoveland never intended to become a banker. But in 1973 she applied for a loan at a credit union to buy flooring and appliances for the home she was building with her family.