Wells Financial Corp. in Wells, Minn., said Friday that it revised its 2010 results after boosting reserves for selected loans and repossessed properties.

Regulators shuttered The First National Bank of Davis, a $90 million-asset institution in Oklahoma, and the $190 million-asset Legacy Bank in Milwaukee. The two closures brought the year's toll to 25.

Guaranty Federal Bancshares Inc. raised its fourth-quarter loan-loss provision by 42% after getting new data on an impaired loan.

The Federal Reserve Board has voted to allow Goldman Sachs Group Inc. to retain an 9.8% stake in the $589 million-asset Avenue Financial Holdings Inc. in Nashville.

United Community Bancorp in Lawrenceburg, Ind., is planning a second-step conversion. The $488 million-asset company said late Thursday that it would sell about 59.3% of its stock still owned by its mutual holding company.

Grandpoint Capital Inc. in Los Angeles has agreed to buy Orange Community Bancorp. Under the agreement, shareholders of the $223.6 million-asset Orange Community would receive $30 million in cash, or $11.70 a share.

The Federal Reserve Board has voted to allow Goldman Sachs Group Inc. to retain an 9.8% stake in a small Tennessee banking company. Goldman Sachs Investment Partners Master Fund LP made the investment in the $589 million-asset Avenue Financial Holdings Inc. in Nashville in 2007.

More adept now at tapping capital, a small but significant number of community banks in the hardest-hit states like California, Georgia and Illinois are escaping from the Troubled Asset Relief Program.

While Rep. Scott Garrett, R-N.J., and other top policymakers continue to push for the creation of a covered bond market in the U.S., some community bankers are raising concerns.

While Rep. Scott Garrett, R-N.J., and other top policymakers continue to push for the creation of a covered bond market in the U.S., some community bankers are raising concerns.

Iberiabank Corp. is on track to buy two Louisiana banks, ending the Layfayette company's seven-year lull of deal making in the state.

In a rare show of unity, the leading bank and credit union industry groups filed a joint friend-of-the-court brief to support TCF's lawsuit looking to block implementation of the Durbin amendment.

Iberiabank Corp. is on track to buy two Louisiana banks, ending the Layfayette company's seven-year lull of deal making in the state.

The head of California United Bank in Encino, David Rainer, was appointed to the board of the Federal Reserve Bank of San Francisco, California United announced Thursday.

Financial Institutions Inc. in Warsaw, N.Y., plans to raise $40 million of fresh capital through a public stock offering.

Illinois regulators are swinging their hammers again, but this time, their targets are better equipped to take the blow.

The interchange provision included in the Dodd-Frank Act that theoretically acts as an exemption is an illusion. It will not work and cannot be made to work.

Large banks' overall funding advantage continued to drift down through the fourth quarter, but some of the narrowing could reflect lagged repricing in small banks’ time deposit portfolios.

While most lending sectors are still struggling to recover from the financial crisis, regulators are turning a nervous eye to one area that is thriving: agricultural lending.

While the GSEs have become struggling entities in conservatorship with a doubtful future, the structure of the secondary mortgage market remains significant, especially for community banks.