A double dip in real estate could create a $13 billion capital hole according to an IMF stress test.

In a move unthinkable just two years ago, the NCUA began a fire sale this week of corporate credit union assets.

Cheviot Financial Corp. in Cincinnati said Wednesday that it has agreed to buy First Franklin Corp., also of Cincinnati, for about $24.4 million.

BEAVERTON, Ore. – First Tech CU said it opened its first downtown Seattle branch last week, the fifth Seattle-area branch for the $2.2 billion credit union.

Though plenty of community bank companies are raising capital, only a small number have fully subscribed their stock offerings without discounting shares.

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The National Credit Union Administration said Wednesday that May's failure of St. Paul Croatian Federal Credit Union in Cleveland was caused by fraud and will cost the National Credit Union Share Insurance Fund as much as $170 million, one of the biggest losses ever incurred by a noncorporate credit union.

Intervest Bancshares Corp. in New York reported a $661,000 net loss for the third quarter, compared with net income of $342,000 a year earlier.

Century Bancorp Inc. of Medford, Mass., said its third-quarter net income rose 2.7% year over year, to nearly $3.3 million.

Under the agreement, Cheviot will buy First Franklin shares for $14.50 apiece — an 85% premium to Tuesday's closing price. The stock was last at the offer price three years ago.

FARMINGTON, Mich. – LOC FCU opened its 16th in-school branch at Hillside Elementary School in Farmington Hills.

Union First Market Bankshares said Tuesday that it has completed the integration of two affiliate banks, making it the largest community bank in Virginia.

As part of its effort to increase capital ratios, Capitol Bancorp said Friday that it had agreed to sell its 1st Commerce Bank subsidiary.

Bank of South Carolina Corp. reported a sixfold year-over-year increase in third-quarter net income, to $821,601.

Berkshire Hills Bancorp has agreed to acquire Rome Bancorp for about $74 million in cash and stock, as the Massachusetts bank looks to grow its presence in New York.

Nine months after proposing the idea, the Obama administration is eagerly putting into place a $30 billion small-business lending fund that is the centerpiece of its efforts to spark lending in communities across the country.

Berkshire Hills Bancorp has agreed to acquire Rome Bancorp for about $74 million in cash and stock, as the Massachusetts bank strengthens its presence in New York.

The Office of the Comptroller of the Currency assessed a $33 million enforcement order against Woodforest National Bank of The Woodlands, Texas, for unfair and deceptive practices in its overdraft program.

RACINE, Wis. – Educators CU has acquired a former M&I Bank property in New Berlin and will move a credit union branch there.

Thanks in large part to advances in technology, the use of in-branch video monitors is becoming more informative and significantly more interactive in recent years.