Robert Barba

Fidelity Southern Corp. in Atlanta has reported third-quarter earnings of $2.1 million, a 425% improvement from a year earlier, and says that most of its problems are behind it.

Heritage Financial Group in Albany, Ga., announced Friday that it has received conditional approval from the Office of Thrift Supervision to complete its second-step conversion and become a full stock company.

MB Financial Inc. in Chicago on Friday posted a third-quarter loss of $5.4 million compared with earnings of $4.9 million a year earlier and blamed continued high credit costs.

Seven banks failed Friday, bringing the total number of failures this year to within one of the number of failures in all of 2009. So far 139 banks have failed in 2010. Friday's failures are expected to cost the deposit insurance fund a collective $478 million.

After an infusion of $50 million of fresh capital, Patriot National Bancorp Inc. in Stamford, Conn., joins the ranks of struggling community bank companies that are moving from retrenchment to recovery.

Add Capitol Bancorp Ltd. to the list of companies whose recapitalization efforts have been complicated by debtholders who are unwilling to budge.

Stephen P. Wilson was elected chairman of the American Bankers Association during its annual convention Tuesday in Boston.

After receiving reports from the country's largest mortgage servicers on their foreclosure procedures, regulators are teaming up to double-check the findings.

The Office of Thrift Supervision has put a halt to Meta Financial Group Inc.'s tax-refund-anticipation loans.

Webster Financial Corp. in Waterbury, Conn., Friday announced that it posted earnings of $22.7 million in the third quarter, compared with a loss of $19.25 million a year earlier.

Like many community banks, First Bancshares in Mississippi quite reluctantly took Tarp funds, accepting only half what it qualified for. Yet the $500 million-asset company is now going back for seconds.

While some companies clamor to get into banking, ADB Bank, a $48 million-asset industrial loan company, last week invited its depositors to collect their money.

While some companies clamor to get into banking, ADB Bank, a $48 million-asset industrial loan company, last week invited its depositors to collect their money.

Banner Corp. of Walla Walla, Wash., has warned investors to be ready for a particularly large loss for the third quarter.

After trying to expand the unit, MainSource Financial Group of Greensburg, Ind., has shrunk MainSource Insurance by selling its property and casualty and health insurance books.

With a new line of products, Flagstar Bancorp in Troy, Mich., is following through with a plan to increase its commercial business.

The $7.8 billion-asset company in Itasca, Ill., announced late Monday that the bank's president and chief executive, Thomas J. Schwartz, plans to step down from those positions at the end of the year.

Adding to the recent string of small-bank acquisitions, German American Bancorp Inc. in Jasper, Ind., is purchasing American Community Bancorp Inc.

Nexity Financial Corp. in Birmingham, Ala., which has been operating under bankruptcy court protection, is shedding its wealth management division.

Western Liberty Bancorp is one step closer to becoming one of the only blank-check companies to break into banking.