WASHINGTON — Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

Summit Financial Group Inc. in Moorefield, W.Va., said Friday that it narrowed its second-quarter loss 14.5% from a year earlier.

Territorial Bancorp Inc. of Honolulu posted a 43.5% increase in second-quarter net income from a year earlier, to $3.2 million.

With dwindling capital and a plan to buy an ancillary business, United Western Bancorp's capital-raising plans are of particular importance to analysts following the company.

With dwindling capital and a plan to buy an ancillary business, United Western Bancorp Inc.'s capital-raising plans are of particular importance to analysts following the company.

When Sterling Financial Corp. in Spokane, Wash., merged its two bank units last week, few may have noticed, but many community bankers could relate. Companies that cannot get their hands on fresh capital are scrambling for a Plan B these days.

When Sterling Financial Corp. in Spokane, Wash., merged its two bank units last week, few may have noticed, but many community bankers could relate. Companies that cannot get their hands on fresh capital are scrambling for a Plan B these days.

Consumers Credit Union in Waukegan, Ill., has joined the list of financial services companies using Fiserv Inc.'s Acumen account processing software.

Heritage Oaks Bancorp in Paso Robles, Calif., reported a net second-quarter loss of $5.8 million, compared with net income of $507,000 a year earlier.

CommerceWest Bank announced Thursday that it had second-quarter net income of $68,000, swinging from a $2.6 million net loss a year earlier.

Cascade Bancorp said it plans to restate its 2009 annual and first-quarter 2010 results after a regulatory examination showed its reports for those periods could "no longer be relied upon."

The financial condition of Chicago's ShoreBank Corp., which anxiously awaits word on a lifeline from the Treasury Department, has become precarious after a disastrous second quarter.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

ShoreBank Corp., a Chicago bank known for its lending in low-income communities, has failed to win approval for $75 million in government funds and may be forced out of business, Bloomberg News reported Thursday on its website, citing three people with direct knowledge of the situation.

JANESVILLE, Wis. – Blackhawk Community CU opened a new branch, its sixth, in nearby Stoughton, and completed the renovation of two other service facilities.

Oritani Financial Corp. in Washington, N.J., announced a quarterly loss of $4.1 million that it said stemmed in part from its conversion from a mutual to a stock company in June.

CLARKSVILLE, Tenn. – Fort Campbell FCU, which has been serving the military personnel at the army base for 56 years, plans to open student-run branches in two local high schools.

WOODBRIDGE, Va. – Belvoir FCU, which will add at least 20,000 service members to its field of membership because of base realignment, said it is closing four student-run branches to focus those resources on its core membership.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., reported Wednesday that its second-quarter loss widened by 33% from a year earlier, to $51.3 million.

Before the recession, Pacific Trust Bank was content to sit on the sidelines as other Southern California community banks vied with national lenders for commercial real estate borrowers.