Longtime Midwest banker Marty Adams is heading south on a rescue mission. The struggling TIB Financial Corp. in Naples, Fla., announced late Friday that Adams, former chief executive of Sky Financial Group, would join TIB to help it secure the $150 million it needs for a recapitalization.

WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.

WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.

The $200 million-asset bank announced Thursday that it will be rebranded American Perspective Bank after a settlement with an unidentified company in a trademark infringement case. That company agreed to shoulder a significant portion of costs associated with the California bank's name change as part of the settlement.

More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.

More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.

John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink last month by spearheading a $60 million investment.

John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink last month by spearheading a $60 million investment.

WICHITA, Kan. – Catholic Family FCU has hired local contractor Van Asdale Construction LLC to build a new home office for the $25 million credit union.

TACOMA, Wash. – Community First CU, the state’s oldest credit union, said it is moving to a new headquarters in nearby DuPont at the end of the year.

BankAtlantic Bancorp Inc. of Fort Lauderdale, Fla., Thursday announced pricing for its $25 million rights offering. The $4.7 billion-asset company said it would sell shares to existing shareholders at $1.50 a share, a 21% discount to the stock's price on June 1, the day before the company announced the rights offering.

CNB Financial Corp. in Clearfield, Pa., expects to raise $27 million through a common stock offering.

Bank of Internet USA in San Diego is offering a loan portfolio program that few banks of its size are willing to hold: jumbo and super-jumbo mortgages.

Federal regulators have given PremierWest Bancorp in Medford, Ore., 60 days to come up with a capital plan even though the company raised capital in the first quarter.

WSFS Financial Corp. in Wilmington, Del., is preparing to raise as much as $150 million in fresh capital.

Northfield Bancorp Inc. in Avenel, N.J., plans to raise up to $463 million of capital by converting from a mutual holding company to a stock company.

Mississippi's slower-paced banks have fared far better than their higher-flying Southeastern cousins. Yet the tortoise-beats-the-hare story may be spoiled if the oil spill leaks into the state's economy.

Northfield Bancorp Inc. announced Thursday it plans to sell up to an estimated $821.3 million in stock as part of its ownership conversion from a mutual holding company.

The owner of a bank in Oregon cannot pay dividends without prior Federal Reserve approval. The Fed on Wednesday released its agreement with PremierWest Bancorp, which owns PremierWest Bank in Medford, Ore.

HARRISONBURG, Va. – DuPont Community CU has purchased the former NewBridge Bank branch for $1.2 million.