Capitol Bancorp Ltd. has completed another divestiture — this time of its 51% stake in the $64 million-asset USNY Bank in Geneva, N.Y.

Iberiabank Corp. in Lafayette, La., said it will consolidate its federally chartered thrift subsidiary into its commercial banking subsidiary by early October as a result of "sweeping changes" in the banking industry.

It has been three years since community banks started feeling the effects of the economic downturn, and as losses have piled up, so have deferred tax assets.

The number of collection agencies and creditors sued between August 1-15 totaled 426, down from 488 sued in the July 16-31 period, but up from 389 in the first half of July, according to data from U.S. District Courts.

Weststar Financial Services Corp. in Asheville, N.C., has reported a $14 million second-quarter loss, compared with net income of $434,000 a year earlier.

F.N.B. Corp. in Hermitage, Pa., is selling its bond and transfer agent business to U.S. Bancorp. The $8.6 billion-asset company said in a statement last week that it decided to exit the business because growing administrative costs had become prohibitive for a regional trust company.

Heritage Financial Group in Albany, Ga., said Monday that it will revise its accounting treatment of problem loans acquired in a failed-bank deal last year.

Shareholders of Farmers Banc National Corp. in Canfield, Ohio, rejected two key proposals at the company's annual meeting, the company said Friday.

MEDFORD, Ore. – Rogue FCU is planning to open a student-run branch in North Medford High School, which will be the $485 million credit union’s fourth local in-school branch.

SAN FRANCISCO – Patelco CU announced yesterday it is moving its headquarters to suburban Pleasanton.

The deal structure allowed the group that bought ShoreBank's deposits and nearly all its assets to sidestep a politically sensitive subject: open-bank assistance.

Two of the three community banks in Fall River, Mass., are planning to combine. The $694.7 million-asset Citizens-Union Savings Bank announced a deal Monday to acquire the $163 million-asset Bank of Fall River. The combined mutual savings bank would have about $861 million in assets, edging out the $700.2 million-asset Bank Five, the other bank based in the city.

The Center for Financial Services Innovation, a nonprofit organization that focuses on financial services for underbanked consumers, will continue to operate as usual, despite the Aug. 20 failure of its affiliate bank, ShoreBank Corp.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

First Security Inc. in Owensboro, Ky., decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling, $3 billion-asset Integra Bank Corp.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.

Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.

While many banks have watched their earnings erode in recent years, Greater Hudson Bank in Middletown, N.Y., is bucking the trend — it first became profitable last year and has reported its fifth consecutive quarterly profit.

PAB Bankshares Inc. in Valdosta, Ga., said late Wednesday that it had withdrawn plans to raise $80 million in a common stock offering "due to changing market conditions."