Opus Bank in Irvine, which raised $460 million of equity late last year, said it would acquire the $1.5 billion-asset Cascade Financial in Everett, Wash., for $21.75 million in cash.

Patriot National announced that it is selling the majority of its nonperforming assets at a discount as it tries to right-size itself and move on from its problems.

Patriot National announced that it is selling the majority of its nonperforming assets at a discount as it tries to right-size itself and move on from its problems.

Georgia's troubled banking situation leaves a lot of open targets for the few banks — like Hamilton State Bancshares in Hoschton — in position to buy.

Metro Bank in Lemoyne, Pa., has agreed to drop its red M logo to settle a trademark lawsuit brought by Members 1st Federal Credit Union.

The Bancorp Inc. in Wilmington, Del., announced the pricing for a common stock offering designed to raise $50.3 million.

The $1.4 billion-asset company said Wednesday that it received notice from the Nasdaq on Monday that it is in compliance with listing requirements just shy of a March 10 deadline.

The Federal Reserve has ordered Outsource Holdings Inc. to serve as a source of strength to its Dallas bank.

Summit Bank in Prescott, Ariz., has put itself up for sale after its board determined it would not be able to raise enough capital to satisfy a regulatory order.

For the last year, Flagstar's been talking about diversifying its mortgage-heavy portfolio with commercial credits. With credit problems now waning, that push is moving forward.

Projections for losses in target loan portfolios in recent deals were in league with markdowns taken against Wachovia and Nat City in late 2008, when the economy was in freefall.

Iberiabank Corp. in Lafayette, La., said Wednesday it has recruited Robert Kottler to become director of retail and small business.

Hudson Valley Holding Corp. in Yonkers, N.Y., said the chief of staff for former New York Gov. George Pataki has joined its board.

The Fed reached a written agreement on Feb. 18 with the $1.4 billion-asset company that gives it 60 days to maintain adequate capital on a consolidated basis.

Hamilton State Bancshares Inc. has raised $231.6 million in capital that it plans to use to exit the Troubled Asset Relief Program and buy failed banks.

An effort to delay interchange rules continued to build momentum Wednesday as bankers and lawmakers called for a more effective exemption for small financial institutions.

My friend pointed out that in normal job markets, there was a tendency for bad hires, or people no longer happy in their jobs, to leave the company on their own. Now, his problems are twofold.

A review of goodwill or, conversely, bargain gains as a percentage of acquired assets in recent years offers another perspective on an apparently slipping advantage for buyers.

State Employees' Credit Union in Raleigh, N.C., is cutting interest rates on its Salary Advance Loan by as much as 50%.

Community Financial Shares Inc. of Glen Ellyn, Ill., said late Monday that its net loss widened to $2.2 million in the fourth quarter, from $690,000 a year earlier.