Robert Barba

A month after denying United Western Bancorp Inc.'s requests to make payments on its line of credit, the Office of Thrift Supervision has changed its mind.

The $866 million-asset company in Stamford, Conn., announced Friday that both the Federal Reserve and the Office of the Comptroller of the Currency had approved a $50 million investment from PNBK Holdings LLC, a firm backed by New York investor Michael A. Carrazza.

As some mutual holding companies tinker with their second-step conversions, Northfield Bancorp Inc. in Avenel, N.J., is shelving its aspiration of becoming an all-stock company.

The Federal Reserve has ordered First Heritage Corp. in Carthage, Miss., to step up its role as a source of strength for its bank unit.

After raising capital from its directors, Security Federal Corp. in Aiken, S.C., said it has received approval from the Treasury Department to participate in a capital program designed for community development banks.

Nearly a year after the Federal Deposit Insurance Corp. said it would resume revealing the losing bids for failed banks, bankers and others in the industry find its disclosures wanting.

LandMark Bank of Florida in Sarasota is now operating under a prompt corrective action directive from the Federal Reserve.

SharePlus Federal Bank in Plano, Texas, has moved one step closer to becoming a publicly traded company.

The $2.8 billion-asset company announced Friday that it had signed agreements with several institutional investors for a direct placement of $10 million of common equity. The shares are to be sold at $5.25 a share, a 7% discount to Thursday's closing price.

Dave Widlak, the president and chief executive of Community Central Bank Corp. in Mount Clemens, Mich., has been missing for days.

The $355.7 million-asset company announced Tuesday that it had completed its second-step conversion by selling 1.7 million shares of common stock at $10 a share.

Two days before approving a $175 million investment for TIB Financial Corp. in Naples, Fla., the Federal Reserve entered into a written agreement with the struggling company.

Few would argue that it's tough to own a community bank these days. It can be even more difficult to co-own a struggling bank — fifty-fifty — with another family.

Jay Sidhu is one step closer to building another regional empire. In an interview Monday, he said a bid for tiny ISN Bank was to gain access to customers in the Garden State.

Cascade Bancorp in Bend, Ore., has been given another two weeks to find the additional capital its lead investors are requiring.

A prompt corrective action directive is often a sign of grim times, but for AnchorBank in Madison, Wis., the order is serving as a guide as it fights to survive.

A pair of recapitalization deals in suburban Chicago shows that investors are now ready to give struggling banks in the Second City a second chance.

Stephen Gordon, who along with a group of investors plans to put nearly $460 million into California's Bay Cities National Bank, said he is "looking to build a superregional."

Stephen Gordon, who along with a group of investors plans to put nearly $460 million into California's Bay Cities National Bank, said he is "looking to build a superregional."

City National Corp. in Los Angeles said it will raise as much as $300 million in senior notes so that it can extinguish more expensive debt issued late last year.