Capitol Bancorp Ltd. plans to sell its majority stake in a North Carolina bank to a private-equity-backed group.

An affiliate of Hovde Private Equity Advisors LLC has completed an $11 million capital infusion into FirstAtlantic Financial Holdings Inc. in Jacksonville, Fla.

The national mortgage loan delinquency rate fell to 6.44% in the third quarter ended Sept. 30, the largest quarterly decline since the fourth quarter of 2006, according to an analysis by credit bureau TransUnion.

Account growth has become the number one priority for lenders as they cautiously begin to grant more credit to consumers. However, with a limited pool of potential customers and a desire to avoid taking on too much risk this is not an easy task.

WATERVILLE, Me. – New Dimensions FCU has acquired an Augusta branch from troubled Border Trust, where it plans to open its second branch.

KIMBERLY, Wis. – Capital CU has acquired a two-story building here where the $390 million credit union plans to relocate its main offices.

After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.

After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.

Bridge Capital Holdings in San Jose, Calif. said Friday that it would raise $30 million in capital through a private placement with a group of institutional investors.

Continental Bank Holdings Inc. has become at least the third bank in the past two weeks to terminate a planned acquisition after failing to get regulatory approval.

Alliance Bancorp Inc. in Broomall, Pa., announced plans last week to raise up to $41 million in a second-step conversion.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.

A report on the failure of WesCorp FCU in California concludes that it had too much of its investments tied to its home state's real estate market and to Countrywide.

The Federal Trade Commission announced Friday law enforcement actions against several scams that targeted homeowners behind in their mortgage payments or facing foreclosure.

A U.S. District Court jury in Cincinnati found homebuilder Bernard J. Kurlemann guilty of conspiracy and fraud for his role in a mortgage fraud scheme aimed at deceiving lenders by agreeing to sell high-end luxury properties to "straw buyers" - individuals who buy properties in name only.

A jury ruled Thursday that BankAtlantic Bancorp Inc. misled its investors about its credit quality and must compensate them for certain losses.

CAMBRIDGE, Mass. – Harvard University Employees FCU has opened an ATM in the University’s Quad.

ALBUQUERQUE, N.M. – Navy FCU will open its newest branch here Monday outside Kirtland Air Force Base, to serve more than 20,500 active duty Airmen, National Guard and reservists, and contractors.

Hanmi Financial Corp. is free to pursue other deals after amending an oft-delayed agreement with a patient investor.