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The dismal results came after the $1.6 billion-asset company said it would sell a majority of its common stock to private-equity-backed North American Financial Holdings.

Eastern Bank Corp. has received regulatory approval to buy Wainwright Bank and Trust Co., the Boston companies said Monday.

Capitol Federal said it had received conditional approval from the OTS to begin a new offering of between 118 million and 159 million shares of common stock at $10 a share.

ATLANTA – Delta Community CU is opening a new branch in Decatur Thursday, the credit union’s first service center in DeKalb County.

Horizon Bancorp in Michigan City, Ind., said it has repurchased 25% of its preferred stock under the Troubled Asset Relief Program.

The $7.5 billion-asset company on Monday held a call for all of its 8% trust-preferred securities that were due in 2032 at a redemption price of $25 a share.

Bank of Granite in Granite Falls, N.C., cited higher credit-related expenses in reporting that it third-quarter loss widened to $4.3 million.

Royal Bancshares of Pennsylvania Inc. in Narberth said Monday that it narrowed its third-quarter loss by 36% compared with a year earlier.

Increased regulation has been widely cited as a catalyst for the recent wave of bank acquisition deals, but lately regulators have been throwing some wrenches into the works.

Financial institutions need part-time help to fix a big-time problem: branch costs disproportionate to a dwindling number of customer and member visits.

After acquiring 11 branches from troubled Anchor Bank, Royal CU has seen a net increase in members (5%), deposits (4%), and loans (11%) at the new offices since they opened for CU business in June.

Illinois Attorney General Lisa Madigan filed a lawsuit last week against Omega Business Center, a Chicago-based business, claiming it bilked consumers out of an estimated $300,000 for debt relief services it never provided.

Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.

Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.

Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith won near-universal acclaim as Obama's pick to lead the FHFA.

First Northern Community Bancorp in Dixon, Calif., said Owen Onsum will retire as president and chief executive at the end of the year.

Tri-County Financial Corp. in Waldorf, Md., said Friday that its board authorized the repurchase of up 1% of its common stock.

Cardinal Bankshares Corp. in Floyd, Va., said Friday that its third-quarter earnings nearly tripled year over year, to $829,000.

The $889.4 million-asset company said late Wednesday that it was selling about 62% of its stock still owned by its mutual holding company, or up to 8.7 million shares of common stock, at $8 a share.