Flagstar Bancorp Inc. of Troy, Mich., is reportedly hoping to raise $600 million in capital through its majority owner, MatlinPatterson Global Advisors.

A prompt corrective action directive is often a sign of grim times, but for AnchorBank in Madison, Wis., the order is serving as a guide as it fights to survive.

The Federal Reserve issued enforcement actions Tuesday against the bank holding companies First Security Group Inc. and Butte State Co.

OAK RIDGE, Tenn. – Y-12 CU is opening two student-run school branches, one at Eagleton Middle School in Alcoa and one at Anderson County High School in Clinton.

Capital Bank Corp. of Raleigh, which has announced plans to raise 34.5 million shares in a public offering, said it expects some improvement in its credit quality in the third quarter.

Louisiana Bancorp Inc. in Metairie said Tuesday that it will initiate its 10th stock repurchase program. The $327.7 million-asset company also said it completed its ninth repurchase program, acquiring 210,406 shares, or 5% of its outstanding common stock.

A pair of recapitalization deals in suburban Chicago shows that investors are now ready to give struggling banks in the Second City a second chance.

Under the heat of a regulatory order, Tri-Valley Bank in San Ramon, Calif., said Monday that a group of investors has agreed to purchase $10 million of the bank's common stock.

Harrington West Financial Group Inc. has filed for bankruptcy nearly a month after federal regulators took over its subsidiary and principal asset, Los Padres Bank.

BATON ROUGE, La. – Pelican State CU is offering participants at its new in-school branch at Peabody Magnet High School additional benefits.

BIRMINGHAM, Ala. – Singing River FCU has purchased a former Godfather's Pizza building near the airport, which recently was used as temporary branch for Bay Bank.

BATTLE CREEK, Mich. – Kellogg Community FCU said it is expanding off the campus of the food manufacturing giant with a new branch in a former comedy club location.

ATLANTA – Georgia’s Own CU has agreed to finance the $36 million purchase of one of this city’s landmark buildings, the 20-story Campanile, or Bell Tower, vacant since BellSouth/AT&T moved out in 2007 – and the credit union’s home since 1993.

USA Federal Credit Union, a small credit union chartered to serve Navy personnel in the San Diego area, said Monday it will be bought by Navy Federal Credit Union, one of several bidders for the ailing institution.

Integra Bank Corp. has sold four branches in Kentucky and Ohio and nearly $62 million in loans to Citizens Deposit Bank and Trust as part of a plan to boost capital and reduce problem loans.

Capital One Financial Corp. in McLean, Va., reopened its Chevy Chase Bank branches Monday as Capital One Bank branches.

For an institution with plenty of capital, BBU Bank in Coral Gables, Fla., has made what some consider an odd move — expanding from the troubled Florida market into the turbulent Puerto Rico market.

DALLAS-The Texas Credit Union League has rolled out a new Facilities Assistance Program designed to provide credit unions a forum to discreetly obtain or dispose of a facility.

LIVE OAK, Texas – Randolph-Brooks Federal Credit Union is developing two new buildings totaling 137,000 square feet at its headquarters on this city’s north side.

PORTLAND, Ore. – OnPoint Community CU, Oregon’s biggest credit union, last week opened three new branches in Deschutes County.