Nearly six months after closing, collection law firm giant Mann Bracken is still receiving payments mailed from delinquent debtors. Figuring out who should receive the money is one of the biggest challenges facing the receiver appointed to oversee the firm's unwinding.

Dearborn Bancorp Inc. has agreed not to pay dividends without prior approval by the Federal Reserve.

ST. JOSEPH, Mich. – Berrien Teachers CU will officially change its name to Honor CU on July 1 and will celebrate the name change and the opening of a new branch in Niles with daylong grand opening celebrations at each of its seven offices.

FORT WORTH, Texas – Credit union giant American Airlines FCU continues to expand outside of the nation’s airports with a double-header of ribbon cuttings for two branches: one at its Fort Worth headquarters and the other in the town of Euless.

Following a $28.8 million public offering, Boston Private Financial Holdings Inc.'s largest investor is making an additional investment in the company.

Despite a $500 million recapitalization plan, Pacific Capital Bank in Santa Barbara, Calif., is being ordered to boost capital.

First Southern Bancorp Inc. has paid the Treasury Department $11.5 million, repurchasing all of its outstanding preferred stock in the Troubled Asset Relief Program.

Eliminating Tier 1 treatment for trust-preferred securities would significantly impair a holding company's ability to raise capital to inject into the bank.

The holding company of Boston Private Bank & Trust and Borel Private Bank & Trust said it would raise about $6.3 million from selling 1.1 million shares to the Carlyle Group.

Nevada saw its third failure of the year late Friday, with the collapse of $480 million-asset Nevada Security Bank in Reno.

Nevada saw its third failure of the year late Friday, with the collapse of $480 million-asset Nevada Security Bank in Reno.

Old Harbor Bank said Thursday that Anthony N. Leo would take over as chief executive to handle its restructuring and lead its new growth strategies. The $243 million-asset thrift also announced a new capital raise in conjunction with the executive shuffle as the bank tries to redeem itself from being undercapitalized.

Regulators are clamping down on Hampton Roads Bankshares Inc. in Virginia, despite a private-equity recapitalization plan.

The $4.3 billion-asset company is seeking twice as much money as it did in December, when it came to the market to raise $75 million but couldn't drum up enough interest to complete the offering.

Simply put, experts respond, what goes down must come up. Florida was one of the first states to feel the pain of the crisis, and most analysts and private-equity groups see a bottoming out in the real estate and banking markets happening there before it occurs in similarly troubled states such as Arizona, California and Nevada, or in most of the other states in the Southeast.

An advertisement in the Washington newspaper Roll Call is attacking credit unions in a manner reminiscent of an ad run years ago by banks — but this time the bankers are on the same side.

The National Credit Union Administration approved a $1 billion charge Thursday to pay for the corporate credit union bailout. The corporate assessment comes after last year's charge of $1.1 billion, which included $337 million for the first year of the corporate bailout and the remainder to replenish reserves for the National Credit Union Share Insurance Fund.

FARMINGDALE, N.Y. – Teachers FCU opened a new branch in Oakdale and celebrated with a patriotic theme that featured American flags and an opening rendition of the Pledge of Allegiance by a local veteran.

EDWARDSVILLE, Ill. – City officials voted to expand the local enterprise zone to include a proposed headquarters for Scott CU, which would save the $600 million credit union as much as $800,000 in property taxes over 10 years.

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