Robert Barba

The deal structure allowed the group that bought ShoreBank's deposits and nearly all its assets to sidestep a politically sensitive subject: open-bank assistance.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

First Security Inc. in Owensboro, Ky., decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling, $3 billion-asset Integra Bank Corp.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.

Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.

With a break expected from the Treasury Department, Carver Bancorp Inc. in New York soon will have more equity available to address a growing pool of problem assets.

Until Lakeside Bank in Lake Charles, La., threw open the doors to its double-wide trailer recently — the bank is so new, its building isn't ready yet — no start-up banks had gotten off the ground in the entire country this year.

If ShoreBank is trying to get open-bank assistance, as some media outlets have reported, the undercapitalized lender's odds of success are long.

Alliance Bancorp Inc. in Broomall, Pa., is planning a second-step conversion, whose proceeds it said would help fund growth.

The $72 million-asset bank announced late Tuesday that last month it sold $1.7 million, about a quarter of the $6.9 million of nonperforming assets it had at the end of the second quarter. An additional $907,000 of nonperformers are expected to close this month.

The three-year-old Solera National Bancorp Inc. in Lakewood, Colo., has struck its first acquisition deal. The $140 million-asset company announced Wednesday that it has entered into an agreement to buy the Lakewood branch of Liberty Savings Bank, a $1.1 billion-asset thrift in Wilmington, Ohio.

The Securities and Exchange Commission wants information about the credit standards at CVB Financial Corp. in Ontario, Calif. The $6.8 billion-asset company disclosed in its quarterly filing on Monday that it received a subpoena from the SEC on July 26.

Crisis lesson No. 1: Don't wait to hold your company's first-ever conference call with investors until a few days after your stock plummeted.

Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

WASHINGTON — Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

With dwindling capital and a plan to buy an ancillary business, United Western Bancorp's capital-raising plans are of particular importance to analysts following the company.

With dwindling capital and a plan to buy an ancillary business, United Western Bancorp Inc.'s capital-raising plans are of particular importance to analysts following the company.

The financial condition of Chicago's ShoreBank Corp., which anxiously awaits word on a lifeline from the Treasury Department, has become precarious after a disastrous second quarter.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., reported Wednesday that its second-quarter loss widened by 33% from a year earlier, to $51.3 million.