As House members debated the financial regulatory package, Republicans Judy Biggert and Darrell Issa surprisingly won adoption of an amendment Wednesday that would require the Federal Deposit Insurance Corp.'s inspector general to investigate whether political pressure played a role in securing private-sector assistance for troubled institutions.

MIDDLE ATLANTIC

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services announced yesterday it is test-piloting software that will allow credit unions to effectively create shared branches and all their functionality from existing NCR ATMs.

Capitol Bancorp Ltd. finds itself in a precarious situation — even though it has spent the past 14 months shedding banks to raise capital.

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MidSouth Bancorp Inc. of Lafayette, La., said late Tuesday that the Gulf oil spill and drilling moratorium could affect roughly $15 million of its loans.

Several former attorneys at legal collection giant Mann Bracken LLP have formed a new collection firm.

BancTenn Corp. last week filed an application with the Federal Reserve to form a bank holding company in order to acquire up to 20% of a commercial bank in North Carolina.

As a way to identify more with San Diegans, First Business Bank is changing its name to Bank of Southern California and opening a fourth branch in July.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has given bondholders another month to cash out trust-preferred securities.

After flying under the radar for much of the recession, the Pacific Northwest has been hit with a string of failures — and more choppiness lies ahead.

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.