Three more banks failed late Friday, at an estimated additional cost to the Federal Deposit Insurance Corp. of $285 million.

Anchor BanCorp Wisconsin Inc. in Madison has been warned by the Nasdaq that it no longer complies with listing requirements.

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.

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Federal regulators have ordered Cowlitz Bancorp of Longview, Wash., to raise capital or accept a sales offer by July 15, the company said Tuesday in a filing with the Securities and Exchange Commission.

Fortune Bank in Seattle said Thursday that it plans to sell up to $460 million in stock through an initial public offering.

WSFS Financial Corp. in Wilmington, Del., announced an agreement Thursday to acquire Christiana Bank & Trust Co. from National Penn Bancshares Inc. for $34.5 million.

There's a group of community banks flush with capital, unburdened by delinquent loans and busily expanding assets — at the expense of troubled kin. The de novo class of '07 and '08 fortuitously opened its doors just before regulators said Do Not Enter, but late enough in the game to realize strict loan standards were necessary to navigate the real estate recession. Now they're coming for troubled banks' lunch money.

The OTS's watchdog said the agency was ineffective in regulating BankUnited before the Coral Gables, Fla., thrift's 2009 failure and improperly allowed BankUnited to backdate a capital infusion.

Re: "Mostly Smaller Banks Still Using Fed Discount Lending Window" [Dow Jones, June 18]: While factually correct, the conclusion drawn from the statistics cited in this story may not take into account the disproportionate impact of the bailout program.

The offering comes as many companies in recent months have issued new shares or debt, including several financial institutions pursuing demutualization — though the IPO market has cooled somewhat of late.

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.

MIDDLE ATLANTIC

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

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MidSouth Bancorp Inc. of Lafayette, La., said late Tuesday that the Gulf oil spill and drilling moratorium could affect roughly $15 million of its loans.

BancTenn Corp. last week filed an application with the Federal Reserve to form a bank holding company in order to acquire up to 20% of a commercial bank in North Carolina.

As a way to identify more with San Diegans, First Business Bank is changing its name to Bank of Southern California and opening a fourth branch in July.

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