FAIRHAVEN, Mass. – Southern Mass. CU is building a branch in New Bedford, bringing the $175 million credit union back to where it began 88 years ago.

Five more banks failed Friday – including the subsidiaries of Bank of Florida Corp. – costing the government an additional $317 million.

Community bank M&A activity has awakened from a two-year slump with a pair of recent deals in the Southeast. Banks are reaching historically low prices, particularly in coastal markets like Florida, Georgia and California

Community bank M&A activity has awakened from a two-year slump with a pair of recent deals in the Southeast and historically low prices for banks, particularly in coastal ...

WASHINGTON — Even if lawmakers sign off as expected on a final regulatory reform bill before the July 4 recess, the battle over the legislation will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

WASHINGTON — Even if lawmakers sign off as expected on a final regulatory reform bill before the July 4 recess, the battle over the legislation will just be a prologue to the longer and much more complicated fight over how the legislation will be implemented.

BankUnited Financial Corp. creditors, who are preparing to sue the bank holding company's former executives over the collapse of its Florida thrift, are urging a bankruptcy court to take their side in a dispute with federal banking regulators over who is entitled to the lawsuit's proceeds.

FORT WORTH, Texas – American Airlines FCU announced the opening of its newest north Texas branch in the town of Euless, not in an airport as with most of the $5 billion credit union’s other branches.

ALLENTOWN, Penn. – PPL Gold CU, which has served employees of Pennsylvania Power & Light since 1938, had a grand opening for its new branch and administration facility, the first real estate owned by the $100 million credit union.

MIDWEST

More than two months after regulators issued what ordinarily are final warnings to Bank of Florida Corp., the company's banks have received a fresh set of marching orders.

How can healthy credit unions grow and contribute to the economy without access to secondary capital?

Sterling Financial Corp. in Spokane announced Wednesday that the Treasury Department has approved the two lead investors in its recapitalization effort.

Looking for stable, short-term investments, banks are starting to purchase corporate accounts receivable from small businesses through an online auction site called the Receivables Exchange.

Palmetto Bancshares Inc. Wednesday announced it is raising $100 million in capital through a New York private-equity firm and institutional investors to allow its bank unit to reach well-capitalized ratio levels.

After sitting on a mountain of capital for nearly seven years, Kearny Financial Corp. of Fairfield, N.J., announced late Tuesday that it has agreed to buy Central Jersey Bancorp for $72.3 million in cash.

Hanmi Financial Corp. of Los Angeles has finally found the capital it needs, but its source — an entity largely owned by the South Korean government — may give regulators pause.

Only those organizations that look broadly at what is happening to form an appropriate strategy and integrate that strategy into a plan for implementation can thrive in this environment.

Well-designed regulations can help protect consumers from the harm that markets can do but regulations don't rebuild reputations. Values do.

Kearny Financial Corp. agreed to acquire Central Jersey Bancorp for $72.3 million, a deal which will help Kearny expand in central New Jersey and add to its community banking expertise.