Marissa Fajt

The president and chief executive officer of Royal Asian Bank in Philadelphia is leading a group of investors that struck a deal to buy it.

Last week a handful of struggling companies either closed on capital raises or announced plans to raise capital despite pending or expected agreements with regulators.

A small Florida bank raised $70 million through an initial public offering Wednesday, in what is believed to be the first such deal in the banking sector in two years.

CIB Marine in Pewaukee, Wis., is on track to turn more than $110 million of life-threatening debt into an abundance of capital and another shot at selling itself.

James Gutierrez, chief executive of Progress Financial in San Jose, believes he has found the key to reaching unbanked Hispanics — credit.

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

Premier Members Federal Credit Union in Boulder, Colo., which has an agreement to absorb Colorado United Credit Union in Denver, said it expects to pursue more deals.

Global Consumer Acquisition Corp.'s grand plan to build one of the largest community banking operations is back on track with a deal to buy Service1st Bank of Nevada in Las Vegas.

The New York blank-check company said Wednesday that it signed a letter of intent to buy the $204 million-asset Service 1st Bank of Nevada in Las Vegas.

UCBH Holdings Inc.'s troubles have deepened, as the San Francisco company ousted its chief executive of 18 years and another top manager amid allegations of fraud. The $13.8 billion-asset UCBH, which caters to Chinese immigrants, said an investigation by its board found that "certain bank officers" had tried to disguise credit problems and misled the company's finance department and outside auditors.

Jay Kislak, chairman of the real estate investment company J.I. Kislak Inc., has applied to receive a shelf charter from the Office of the Comptroller of the Currency.

Town Center Bank is practically giving itself away. In a deal with more than one unusual twist, it plans to sell itself for no more than the bad loans on its books.

Only three mutual thrifts have succeeded in going public so far this year, but the conversion market is starting to pick up, with two large deals on the way.

Pinnacle Bank of Rogers, Ark., and Central Bank of Little Rock have called off plans to merge.

Savings Bank of Mendocino County in Ukiah, Calif., is bulking up by combining with a local competitor.

The blank-check company Global Consumer Acquisition Corp. said Friday that it is in talks with BB&T Corp. to acquire the Nevada operations of the failed Colonial BancGroup Inc.

Industry insiders are crying foul over the possibility the FDIC may choose to withhold information on losing bids on failed banks from the public.

Nearly out of capital, CIB Marine Bancshares Inc. in Pewaukee, Wis., is pursuing an unusual route for a bank parent: bankruptcy.

Guaranty Bank in Austin is set to be sold to Banco Bilbao Vizcaya Argentaria SA on Friday.

By seizing the Montgomery, Ala., unit of Colonial BancGroup Inc. on Friday and selling it to BB&T Corp., regulators nullified a contract that Colonial had made to sell 21 Nevada branches to a blank-check company, Global Consumer Acquisition, analysts said. Without those offices, Global Consumer's other proposed acquisition may be hard to justify. The company had agreed to buy 1st Commerce Bank in North Las Vegas from Capitol Bancorp Ltd., largely for the charter.