Robert Barba

After a quarter that beat analysts' estimates, First of Long Island Corp. in Glen Head, N.Y., is raising an extra $30 million of capital.

Two big names in industry circles just planted seeds they hope will sprout into the East Coast's next billion-dollar banking companies.

The $170 million-asset company said late Thursday that it plans to become a full stock company through a second-step conversion. It completed the first step in January 2005, giving its mutual holding company a 63.8% ownership stake.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Second Federal Savings and Loan in Chicago views itself as the ShoreBank for its surrounding Hispanic community and hopes prospective investors will see it that way, too.

The $2.6 billion-asset company announced last week that the Office of Thrift Supervision has upped the ante by issuing both the company and its thrift unit cease-and-desist orders on June 25.

Independent Bank Corp. has managed to persuade stubborn trust-preferred holders and the Treasury Department to become common shareholders — but those feats may turn out to be the easier pieces of its capital restoration plan.

Independent Bank Corp. has managed to persuade stubborn trust-preferred holders and the Treasury Department to become common shareholders — but those feats may turn out to be the easier pieces of its capital restoration plan.

Former Bank of America Corp. Vice Chairman R. Eugene Taylor has spent the past six months searching for a bank to buy — only to return to whence he came.

The $1.7 billion-asset company announced late Tuesday that North American Financial Holdings Inc., led by former Bank of America Corp. executive Eugene Taylor, would invest $175 million in the company so that it can shore up its undercapitalized bank unit.

Solera National Bancorp Inc. in Lakewood, Colo., is getting into the mortgage business on its own. The $137 million-asset company announced Tuesday that it has begun originating residential mortgage to its customers.

Despite analysts' skepticism, it appears Banner Corp. of Walla Walla, Wash., is advancing in its attempts to raise capital. The $4.6 billion-asset company announced late last week that it would sell 75 million shares of common stock at $2 a share.

Seven months after announcing its third attempt to buy a bank, the blank-check company Western Liberty Bancorp has changed the terms of its most recent deal.

Seven months after announcing its third attempt to buy a bank, the blank-check company Western Liberty Bancorp has changed the terms of its most recent deal.

As House members debated the financial regulatory package, Republicans Judy Biggert and Darrell Issa surprisingly won adoption of an amendment Wednesday that would require the Federal Deposit Insurance Corp.'s inspector general to investigate whether political pressure played a role in securing private-sector assistance for troubled institutions.

Capitol Bancorp Ltd. finds itself in a precarious situation — even though it has spent the past 14 months shedding banks to raise capital.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has given bondholders another month to cash out trust-preferred securities.

Following a $28.8 million public offering, Boston Private Financial Holdings Inc.'s largest investor is making an additional investment in the company.

Despite a $500 million recapitalization plan, Pacific Capital Bank in Santa Barbara, Calif., is being ordered to boost capital.