Regulators tend to prefer that existing banks, not groups of private investors, acquire failed banks, yet Community and Southern, along with State Bank and Trust Co. in Macon, Ga., has been able to put private-equity money to use in FDIC-assisted deals.

Jay Sidhu is one step closer to building another regional empire. In an interview Monday, he said a bid for tiny ISN Bank was to gain access to customers in the Garden State.

Naugatuck Valley Financial Corp. in Naugatuck, Conn., has amended its merger agreement with Southern Connecticut Bancorp Inc. in New Haven, blaming weakened stock market conditions.

North American Financial Holdings Inc. of Charlotte has received approval to invest $175 million in the struggling TIB Financial Corp. in Naples, Fla.

BankSimple captured imaginations with the idea of low-frills, low-fee banking. Missing? A bank partner with the technological savvy to support the vision. That part's not so simple.

A California-based mortgage lender and its owner have agreed to settle Federal Trade Commission charges that they illegally charged Hispanic consumers higher prices for mortgage loans than non-Hispanic white consumers.

Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

Porter Bancorp Inc. of Louisville, Ky., said Thursday that its shareholders approved several changes related to a stock conversion that will help complete two private placements totaling $31.3 million in capital.

Security California Bancorp in Riverside has raised $20 million in a private placement of its common stock to refuel its subsidiary, Security Bank of California.

When Tower Bancorp Inc. of Harrisburg, Pa., acquires First Chester County Corp., it will utilize a provision that lowers the price of the deal if the seller's delinquencies rise. Such provisions have become more common in deals in the Northeast as buyers seek to minimize their risk, but this is the first time a seller has crossed the threshold.

WASHINGTON — Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

Cascade Bancorp in Bend, Ore., has been given another two weeks to find the additional capital its lead investors are requiring.

The $355.7 million-asset company in Monessen, Pa., said Thursday that it has sold enough common stock — 1.7 million shares — to complete its conversion from a mutual holding company to a stock holding company.

In the year or so that BankUnited has hired lenders away from Florida rivals, its recruits have laid the foundation for a major branch expansion across the state.

Consumers sued an estimated 534 collection agencies and creditors under consumer statutes between August 16-31, an increase of more than 100 compared with 426 that were sued in the first half of the month, according to data from U.S. District Courts.

Goldwater Bank in Arizona has agreed to forfeit $733,804 to resolve a claim from U.S. officials that the money was involved in illegal online gambling.

EAST LANSING, Mich. – Michigan State University FCU said it will vacate its longtime branch in its former headquarters building to give new tenant IBM room to grow, while opening a new branch on campus.

Northeast Bancorp of Lewiston, Maine, announced it is giving its shareholders more time to submit election forms on a proposed acquisition of FHB Formation LLC, an investment entity formed to inject capital into Northeast.

Northfield Bancorp Inc. in Avenel, N.J., said Wednesday that shares of its common stock will be sold in a syndicated community offering as part of its mutual-to-stock conversion.

PremierWest Bancorp in Medford, Ore., said Tuesday that Nasdaq gave it more time to comply with the market's listing requirements.