Asset Acceptance Capital Corp., a Warren, Mich.-based debt buyer currently under federal investigation for its collection practices, said Friday that lenders agreed to loosen some restrictions in its own credit facility and increase its borrowing limit.

More banks in the Southeast are likely to fall victim to the financial crisis, a Federal Reserve official said Friday.

By missing a sixth quarterly dividend payment, due in May under the Treasury's Troubled Asset Relief Program, a Southern California bank became poised to test how the government will treat repeat delinquencies in the program.

WASHINGTON — Federal regulators shut three more banks on Friday, including $2.8 billion-asset TierOne Bank of Lincoln, Neb., a struggling 103 year-old thrift.

LEOMINSTER, Mass. – Leominster CU celebrated the opening of its new offices last week with $7,000 of community contributions.

First Place Financial Corp. has announced plans to raise $80 million in capital not only to become stronger but also to buy other institutions — including failed banks.

Lured by the chance to raise capital and worried about the future of the Office of Thrift Supervision, a wave of mutual holding companies have received approval to convert to full stock companies.

WASHINGTON — Federal regulators shut three more banks on Friday, including $2.8 billion-asset TierOne Bank of Lincoln, Neb., a struggling 103 year-old thrift.

Virginia Commerce Bancorp Inc. in Arlington plans to raise as much as $150 million of fresh capital, according to a shelf registration statement the company filed Wednesday with the Securities and Exchange Commission.

The $5.1 billion-asset company, which has dual headquarters in Lansing, Mich., and Phoenix, said the agreement is with the local shareholders of its $95 million-asset Bank of San Francisco, which it chartered in 2005.

The Treasury Department said it expects to generate $2.9 million from the sale of warrants to purchase the common stock of First Financial Bancorp in Cincinnati.

BankAtlantic Bancorp Inc. of Fort Lauderdale, Fla., said it hopes to raise up to $25 million of fresh capital through a rights offering to existing shareholders.

MIDDLETON, Conn. – Seasons FCU opened an in-school branch in Westbrook High School, which will be run by students during lunch hours.

MADISON, Wis. – University Of Wisconsin CU said yesterday it has agreed to acquire a Waukesha branch from The Equitable Bank, its second recent acquisition of a bank building in the Milwaukee suburbs.

ANN ARBOR, Mich. – The University of Michigan CU closed a deal yesterday to buy the 58,000-square-foot former headquarters building of the defunct Ann Arbor News in downtown Ann Arbor.

Two weeks after calling off a capital-raising effort, Tidelands Bancshares Inc. in Mount Pleasant, S.C., said it plans to reduce its size.

EverBank has thrived as one of the most profitable banks in Florida by becoming a dominant player in the online banking realm. Last week, though, the Jacksonville company made a detour into brick-and-mortar banking by acquiring three failed Bank of Florida franchises, snapping up 13 branches across the state and increasing its assets by 15%, to $11 billion.

Cascade Bancorp's lead investors are giving the Bend, Ore., company more time to find additional capital.

Center Bancorp Inc. in Union, N.J., said it will not launch a planned common stock sale "in light of current market volatility," according to a press release Tuesday.

SCRANTON, Penn. – Tobyhanna Army Depot FCU has sold the building it called home since 1995 and plans to build new offices at a nearby site it has owned since 2006.