Michigan First Credit Union, the latest credit union to launch a Young & Free marketing campaign, is searching for a "spokester." The Young & Free campaign was designed by Currency Marketing of Chilliwack, British Columbia.

BankAtlantic Bancorp must raise more capital, limit the growth of its brokered deposits and make other improvements under an agreement with the Office of Thrift Supervision.

Heritage Financial Group Inc. of Albany, Ga., said Friday that it has shuffled its management and brought on a new executive to further its expansion strategy.

Though more information is a step in the right direction, analysts said, the discretion given banks in satisfying the rules may undermine attempts at transparency.

WASHINGTON — Regulators seized the $124 million-asset Valley Community Bank in St. Charles, Ill., late Friday in the 23rd bank failure of the year.

BankAtlantic will have to raise more capital, limit the growth of its brokered deposits and make other improvements under an agreement with the Office of Thrift Supervision.

Wilmington Trust Corp. said Thursday that a unit has entered into a supervisory agreement with regulators requiring it to boost capital and reduce bad loans.

Pentagon Federal Credit Union in Alexandria, Va., has announced that it plans to open at least 10 PenFed Realty offices, boosting employment by up to 1,000 agents by yearend.

United Community Banks Inc. in Blairsville, Ga., said Thursday that its board has adopted a tax benefits preservation plan to protect the company from any unintended ownership change.

DUPONT, Wash. – Community 1st CU opened its new main offices and branch here, a few miles from its current home in Tacoma. The 17,000 square-foot building houses the administrative staff and management team of the $120 million credit union, and a new branch. Community 1st was chartered in 1925 as Seattle Postal Employees CU and is the state’s first and oldest credit union.DUPONT, Wash. – Community 1st CU opened its new main offices and branch here, a few miles from its current home in Tacoma.

Crescent Financial Corp. in Raleigh, N.C., said late Wednesday that it is selling a majority stake to a bank holding company in return for a $75 million investment.

Iberiabank Corp.'s agreement to buy the much smaller Omni Bancshares in Metairie, La., would the Lafayette, La., bank's first deal in Louisiana in seven years and its first unassisted bank purchase since 2007.

Diebold Inc. announced Thursday that Union Square Federal Credit Union has chosen it for monitoring and other services.

Fiserv Inc. said Thursday that Georgia's Own Credit Union in Atlanta will use its Acumen account processing technology.

Southern regional-bank operator Iberiabank said it will buy Omni Bancshares for about $40 million as it looks to bolster its presence in the New Orleans area.

The $172 million-asset Pacific Valley Bank in Salinas said the Federal Deposit Insurance Corp. and the California Department of Financial Institutions ended the order in mid-January.

With plans to sell its trust division, Bank of Florida Corp. is nearing dissolution.

On Tuesday, the Fed reported the formal actions it took against $242 million-asset American Bancorp. of Minnesota Inc. in Baxter, $1.2 billion-asset Eastern Virginia Bankshares Inc and its EVB bank unit in Tappahannock, $1.5 billion-asset Marquette Financial Cos. in Minneapolis and $541 million-asset National Bancorp Inc. in Schaumburg, Ill.

United Western Bancorp Inc., a holding company in Denver that is suing regulators to regain control of its failed thrift, has denied filing a quarterly report with the Office of Thrift Supervision.

Reality is setting in that the state that was among the first to crash during the real estate crisis is likely to be the last to escape.