VIENNA, Va. – Navy FCU is opening a new branch, its 185th, in Columbia, S.C., to serve more than 21,000 military personnel, retirees and their families assigned to Fort Jackson.

It was another light Friday for the Federal Deposit Insurance Corp. Following two weeks with no bank failures, the FDIC was called in to resolve just one collapse Friday evening, that of the $188 million-asset Horizon Bank in Bradenton, Fla. The failure, the 119th this year and the 23rd in Florida, was estimated to cost the FDIC nearly $59 million.

It was another light Friday for the Federal Deposit Insurance Corp. Following two weeks with no bank failures, the FDIC was called in to resolve just one collapse Friday evening, that of the $188 million-asset Horizon Bank in Bradenton, Fla. The failure, the 119th this year and the 23rd in Florida, was estimated to cost the FDIC nearly $59 million.

Stephen Gordon, who along with a group of investors plans to put nearly $460 million into California's Bay Cities National Bank, said he is "looking to build a superregional."

Stephen Gordon, who along with a group of investors plans to put nearly $460 million into California's Bay Cities National Bank, said he is "looking to build a superregional."

CVB Financial Corp. of Ontario, Calif., has updated shareholders on changes to its loan portfolio and debt obligations in the third quarter amid an investigation by the Securities and Exchange Commission.

Pacific West Bank in West Linn, Ore., plans to raise up to $4.5 million of fresh capital. The $72.6 million-asset company has been operating under a regulatory order requiring it to boost capital and maintain higher capital ratios as a cushion against future loan losses.

Cascade Financial Corp. in Everett, Wash., received a warning from the Nasdaq that it does not comply with the market's listing requirements.

SI Financial Group Inc. has approved a process under which it will convert from a mutual-holding company to a stock-holding one.

CenterState Banks Inc. is merging three of its national banking subsidiaries in Florida by the end of the year, according to a filing with the Securities and Exchange Commission.

First Financial Bankshares Inc. in Abilene, Texas, said Thursday that it agreed to acquire Sam Houston Financial Corp. in a $22.2 million cash-and-stock deal.

WILKES BARRE, Penn. – Cross Valley FCU has completed branding ATMs at two local Walgreens stores in Kingston and Scranton.

RIVERDALE, Utah – America First CU, which acquired five Nevada branches as part of last year’s deal for failed Community One FCU in Las Vegas, is opening a sixth branch in the state, in Henderson.

TAMPA, Fla. – GTE FCU, fighting off big losses for 2008 and 2009, announced yesterday it is closing another five branches, after shuttering three branches last year.

SI Financial Group has approved a process under which it will convert from a mutual-holding company to a stock-holding one. A host of financial companies the past several months have been undergoing the demutualization process, moving away from a structure under which customers or policyholders own a large chuck of a company.

United Community Financial Corp. in Youngstown, Ohio, is setting the stage for a new leader.

City National Corp. in Los Angeles said it will raise as much as $300 million in senior notes so that it can extinguish more expensive debt issued late last year.

Under normal circumstances, Capitol Federal Financial in Topeka, Kan., would be wrapping up the process it began more than two months ago to convert from a mutual holding company to a stock company.

Consumer borrowing fell again in the U.S. in July as households reduced credit card use for a 23rd consecutive month. Borrowing dropped at an annual rate of $3.6 billion, according to the Federal Reserve's G.19 report. That marked the 17th drop in credit in the past 18 months.

Banco Davivienda of Bogota, was given permission Tuesday to convert a subsidiary already in the U.S., Bancafe International, into an international branch in Miami.