MANHATTAN, Kan. – Navy FCU opens its newest branch here this morning, to serve the 1st Infantry Division of the U.S. Army at Fort Riley, the oldest division in the U.S. Army, emphasizing the credit union giant’s growing expansion outside its core Navy group.

A pair of credit unions are expanding: First Citizens' Federal Credit Union in Fairhaven, Mass. and Dow Louisiana Federal Credit Union in Baton Rouge, La.

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

Regulators shut the $340 million-asset McIntosh State Bank in Jackson, Ga., and the $98 million-asset First Commercial Bank of Tampa Bay, bringing the failure total this year to 47.

More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

More banks want to outsource IT functions to the cloud, a term used to describe the use of networked remote servers. And smaller banks are moving faster than larger ones.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

A deal by Washington Federal — operating under an MOU with the OTS for nearly a year — to buy branches from Beal Financial may be its greatest stoke of confidence to date.

Macatawa Bank Corp. in Holland, Mich., raised $10.2 million after completing a rights offering, bringing it very close to complying with an order to boost capital levels.

FNB United Corp. in Asheboro, N.C., said Thursday that it had entered into subscription agreements to raise $75 million in capital.

FAIRHAVEN, Mass. – First Citizens’ FCU said it is opening a new branch Monday in Mashpee, its fourth on Cape Cod.

BATON ROUGE, La. – Dow Louisiana FCU is has applied to local authorities to rezone land here where it plans to build a new four-story headquarters.

1st MidAmerica Credit Union has agreed to acquire Alton Area Employees Federal Credit Union in Illinois.

Community bankers are starting to recoup some of the chargeoffs plaguing their balance sheets in recent years, with most recoveries tied to loans backed by commercial properties.

Hanmi Financial Corp. and Woori Finance Holdings Co. have called off a long-delayed deal where Woori would have invested $210 million in Hanmi.

The $340.6 million-asset company said in a regulatory filing Wednesday that Aubrey Hall 3rd will succeed the retiring Robert Gilliam Jr. on July 1. Hall is the company's chief operating officer.

Sen. Olympia Snowe called on the Small Business Administration to finalize a plan to fix processing errors that led to millions of dollars in overpayments on loan guarantees in 2007.

The $9.7 billion-asset F.N.B. said late Wednesday that it would pay $130 million for Parkvale in an all-stock deal priced at 1.95 times the seller's tangible book value.