Paul Davis

Cullen/Frost Bankers Inc. in San Antonio reported that second-quarter earnings rose 5.3% from a year earlier, to $55.7 million, although the company struggled to capitalize on a windfall of excessive liquidity.

BancorpSouth shares jumped sharply a day after the company reported an impressive financial turnaround, reporting earnings of $12.8 million for the second quarter.

The $22 billion-asset company reported net income available to shareholders of $25.6 million, compared to $15.4 million in the first quarter and a net loss of $10.2 million a year earlier.

MB Financial Inc., which took an aggressive stance on its credit by purging bad loans, reported a $10 million net loss available for shareholders during the second quarter.

The Federal Reserve on Thursday announced that it had entered into a written agreement with a banking company while also disclosing the termination of a prior order.

Banner gained $1.9 million from fair value adjustments on certain financial instruments, which played a key role in its quarterly profit of $224,000.

Victory Bancorp in Limerick, Pa., said Wednesday that it raised $2.6 million in capital. The company sold convertible preferred securities with a 7% coupon.

Jones Bancshares LP agreed to serve as a source of strength to its $405.1 million-asset PrimeSouth Bank in Blackshear, which has been operating under a consent order from the Federal Deposit Insurancce Corp. since Jan. 31.

First of Huron Corp. in Bad Axe, Mich., agreed to serve as a source of strength to its $246.2 million-asset Signature Bank, which has been operating under a consent order with the Federal Deposit Insurance Corp. and its state regulator since Jan. 27.

The Federal Reserve on Tuesday announced three written agreements.

First Community Corp. in Lexington, S.C., on Wednesday agreed to buy the assets of Palmetto South Mortgage Corp. of Columbia, S.C. The $607.3 million-asset company said it expects to complete the deal on July 31.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

Dalhart Federal Savings & Loan Association will convert to a state-charted bank in Texas in response to the Office of Thrift Supervision's merger into the Office of the Comptroller of the Currency.

The $135 billion-asset company plans to use the branch to provide financing, syndicated lending and foreign-exchange trading, the Fed said in a press release Tuesday.

The Fed announced written agreements with four banking companies: Southern Community (N.C.), First Community (Texas), First Chatsworth (Ga.) and First National (Ala.)

Pioneer Bank in Dripping Springs, Texas, said it was cleared to receive about $3 million from the program, according to Monday's online edition of the Austin Business Journal. The $106.4 million-asset bank is expected to swap preferred stock for SBLF funds.

Opus Bank in Irvine, Calif., has received regulatory approval to buy Cascade Financial Corp. in Everett, Wash.

Anchor Commercial Bank in Juno Beach, Fla., is close to raising $20 million in capital from a group of South Florida investors.

The Federal Reserve said Tuesday that it had approved the sale of Centra Financial Holdings Inc. in Morganton, W.Va., to United Bankshares Inc. in Charleston, W.Va.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.