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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After taking a measured approach in repaying the Treasury Department earlier this year, Boston Private Financial Holdings Inc. is moving forward in earnest.

StellarOne Corp. of Charlottesville, Va., wants to raise up to $60 million in capital, mainly to improve its liquidity and capital, and to repurchase its Troubled Asset Relief Program investments.

Encore Bancshares Inc. of Houston has filed a shelf registration with the Securities and Exchange Commission to raise up to $75 million in capital.

A month after holders of trust-preferred securities scoffed at a heavily discounted exchange, Pacific Capital Bancorp in Santa Barbara, Calif., has agreed to raise its offer.

The $2.6 billion-asset Denver company said Tuesday that it had agreed to buy Legent Clearing LLC, an Omaha securities clearing firm, for $13 million in cash and $2.7 million in stock. The timing is noteworthy: United Western faces a June 30 deadline to raise capital at its thrift.

WASHINGTON — The House is expected to pass legislation today that would create a $30 billion fund for community banks to boost lending to small businesses, but the bill faces an uphill battle in the Senate.

BETHLATO, Ill. – Olin Community CU broke ground this week on a new 10,000-square-foot branch in the city of Wood River.

LANSING, Mich. – Michigan State University FCU said it plans to spend about $3.5 million to renovate an old restaurant into a new branch.

BATTLE CREEK, Mich. – Founders of the newly chartered Inspire Community Development CU held a grand opening Monday to celebrate the state’s latest CDCU, Michigan’s first new credit union in 25 years.