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Losses are shrinking at Mercantile Bank Corp. in Grand Rapids, Mich. The $1.6 billion-asset company reported Tuesday that it narrowed its fourth-quarter loss by 85% from a year earlier, to $5.3 million.

Suffolk Bancorp in Riverhead, N.Y., on Tuesday reported lower quarterly earnings as credit costs stayed high. The $1.62 billion-asset company's said fourth-quarter earnings fell 22.2% from a year earlier, to $4 million, or 41 cents a share.

Intervest Bancshares Corp. in New York on Tuesday posted a narrow fourth-quarter profit, reversing a recent trend of losses.

Naugatuck Valley Financial Corp. in Naugatuck, Conn., is again planning a second-step conversion. Naugatuck Valley said late Friday that it would sell the 60% of itself currently held by its mutual holding company in an offering in the second quarter.

North American Financial Holdings Inc. is one step closer to having its flagship bank. The bank holding company, which is backed by $900 million of equity from various investors, received approval Friday from the Federal Reserve to buy an 85% ownership stake in Capital Bank Corp. of Raleigh, N.C.

Comerica's agreement to buy Sterling Bancshares apparently scuttles an activist shareholder's plans to take over the target bank, but it doesn't mean he's on the losing end.

Treating all loans alike unnecessarily harms small businesses. Most are innocent bystanders, but high administrative expenses keep their loans from generating strong returns.

The Treasury Department said Friday that it plans to auction warrants in Citigroup Inc., Boston Private Financial Holdings and Wintrust Financial Corp., disposing of its remaining holdings in the companies.

Cardinal Financial Corp. in McLean, Va., said Friday that it probably incurred a goodwill impairment charge of $2.6 million in the fourth quarter.

LOWELL, Mass. – Jeanne D’Arc CU, chartered almost a century ago, last week announced it bought two new buildings a block from its longtime offices where it plans to site a new headquarters.

Webster Financial Corp. in Waterbury, Conn., beat analysts' estimates Friday, reporting fourth-quarter net income of $25 million, or 30 cents a share.

OCEANSIDE, Calif. – Pacific Marine CU, chartered to serve employees at the Marine Corp.’s Camp Pendleton, has moved off base as it plans to expand its field of membership.

The $2.2 billion-asset United Western said in a Jan. 12 filing with the Securities and Exchange Commission that it had entered into its sixth forbearance agreement on a $16.25 million line of credit with the New York banking company.

State Bank and Trust of North Dakota has closed its purchase of Bell Mortgage, a lender based in Minneapolis.

For the first time in years, there is some optimism about community banks' results ahead of the quarterly reporting season.

Regulators Friday closed the $231 million-asset Oglethorpe Bank in Brunswick, Ga., the third failed institution in 2011.

Regulators Friday closed the $231 million-asset Oglethorpe Bank in Brunswick, Ga., the third failed institution in 2011.

For the first time in years, there is some optimism about community banks' results ahead of the quarterly reporting season.

SI Financial Group Inc. in Willimantic, Conn., said late Wednesday that it had completed its conversion to a stock holding company from a mutual holding company.