Two debt buyers reported July 29 that second-quarter profits topped Wall Street expectations.

TEXAS CITY, Texas – AMOCO CU has opened a new branch in the town of Friendswood, the $535 million credit union’s fifth in the area.

Debtholders battling with community banks over recapitalization plans have clearly scored a victory — but will it be a win-win?

Taylor Capital Group Inc. of Chicago on Thursday posted a much wider second-quarter loss than analysts expected, which it said stemmed from asset-quality problems and a one-time charge for raising capital.

WASHINGTON — Though Congress consented to industry requests to extend a program that provides unlimited deposit insurance coverage for non-interest-bearing checking accounts, hard questions remain about how the extension will be implemented.

NEW ENGLAND

For-profit companies that sell debt relief services by telephone, as of Oct. 27, will not be able to charge a fee before they settle or reduce a customer’s credit card or other unsecured debt, according to a new rule approved and announced July 29 by the Federal Trade Commission.

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Sun Bancorp Inc. in Vineland, N.J., reported a second-quarter loss of $81.2 million, which it attributed primarily to a goodwill impairment charge of $89.7 million.

Flagstar Bancorp Inc. in Troy, Mich., said its second-quarter loss expanded by 26% from a year earlier, to $97 million. The $13.7 billion-asset company's net interest income totaled $42.4 million, up 12% from the first quarter, but down 30% from a year earlier.

EverBank Financial Corp. in Jacksonville, Fla., has struck a deal to rename the local football stadium EverBank Field.

Two recent deals in Southern California serve as a billboard announcing that the mergers and acquisitions market there is shifting to open-bank deals.

Chiefs of healthy community banks say they are talking more about doing deals with rivals hurt by the tepid economic recovery.

The Illinois Democrat added an amendment to an appropriations bill that would require credit card payments accepted at government agencies to be given the lowest available market interchange rates, which typically can only be negotiated by large supermarket chains.

A Senate subcommittee Tuesday endorsed a bill that would cap interchange fees charged to federal government entities for taxes and other services at the lowest market rate, continuing efforts to lower interchange fees charged by banks and credit unions.

The $1.94 billion-asset company said its second-quarter profit rose 52%, to $3.1 million, or 15 cents a share, compared with earnings of $2.1 million, or 16 cents a share, a year earlier.

The opportunities to make bets on failed Nevada banks are dwindling, drawing out-of-state buyers into the market before the game closes.

Wilshire Bancorp Inc. in Los Angeles on Tuesday reported a $4.6 million second-quarter loss after selling off $48 million of nonperforming and delinquent loans.

After announcing preliminary results on credit-quality issues, Whitney Holding Corp. of New Orleans posted an $18 million net loss for the second quarter.

Hanmi Financial Corp. announced Tuesday that its net loss more than tripled, to $29.3 million, in the second quarter from a year earlier.