LAFAYETTE, La. – Industrial FCU opened its newest Lafayette branch here Friday, inside the member center on the St. Elizabeth East Hospital campus.

KINGSTON, N.Y. – The Ulster County Industrial Development Agency approved a package of financial incentives last week for a new Mid-Hudson Valley FCU branch in nearby Port Ewen.

VIENNA, Va. – Fast-growing Navy FCU will continue its marketing assault on new fronts this morning with the opening of four new branches, making 27 branches added so far this year by the $45 billion credit union.

ST Financial Group in College Station, Texas, has raised $15.1 million in capital through a private offering.

The National Credit Union Administration has asked Congress for extraordinary new powers that would extend the statute of limitations on charging officers and directors of failed credit unions to as long as 10 years.

AmericanWest Bancorp, a $1.5 billion-asset company in Spokane, Wash., chose to clear the $6.5 million sale through the U.S. Bankruptcy Court for the Eastern District of Washington.

After two weeks without any failures, the Federal Deposit Insurance Corp. seized two small banks on Friday. The banks, with $365.3 million in combined assets, are expected to cost the Deposit Insurance Fund $113.1 million.

After two weeks without any failures, the Federal Deposit Insurance Corp. seized two small banks on Friday. The banks, with $365.3 million in combined assets, are expected to cost the Deposit Insurance Fund $113.1 million.

Heritage Financial Corp. in Olympia, Wash., is taking a 10% discount to its common stock to raise $50 million of fresh capital.

More companies are shuttering branches obtained in Federal Deposit Insurance Corp.-backed deals. In most cases, buyers took on branches in markets beyond their geographical scope, or came to a later realization that it would cost too much to maintain and compete for greater market share in single-branch markets.

Beacon Financial Group Inc. has acquired Estate Recoveries Inc., a Baltimore-based accounts receivable management firm that specializes in deceased debt accounts, the companies announced Friday.

LAKELAND, Fla. – MidFlorida FCU plans to renovate the Federal Building, the city’s first post office, to restore its 1919 style, then lease it from the city, which owns the property.

ALEXANDRIA, Va. – Pentagon FCU said it has opened a branch in Honolulu, its second Hawaii branch, as a result of its merger with Tripler FCU, a $12 million Honolulu credit union.

Private investment-backed Cordia Bancorp Inc. has received regulatory approvals to buy a majority stake in the $219.3 million-asset Bank of Virginia.

Donegal Financial Services Corp. in Marietta, Pa., and Union Financial Corp. of Lancaster, Pa., said they need more time to complete their merger.

First Financial Bancorp in Cincinnati will close five branches obtained from failed-bank purchases.

Combined, Nara Bancorp Inc. and Center Financial Corp. in Los Angeles have 40 branches around the country and are larger in assets than the category’s current No. 1.

First State Bancorp. has spent 16 months trying to convince buyers that its deposit franchise outshines its flaws, but its time to strike a deal might be dwindling.

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Alaska USA Federal Credit Union, which has been building a presence in California for two years, is opening all seven of its branches in the Golden State to shared branching through the CU Service Centers Network.