AUGUSTA, Maine – cPort CU plans to tear down a former Bonanza Steakhouse here and build a branch at the site.

SAN JOSE, Calif. – Alliance CU has signed with Diebold to manage its ATMs and upgrade its ATM fleet with deposit automation.

The vultures are circling around Midwest Banc Holdings Inc., and it's a scene that could become increasingly common as competition for failed banks intensifies nationwide.

Nearly 30 years after the department store chain set out to become "the largest financial services entity," as its then-chairman put it, Sears is once again challenging banks.

Probably the most important lesson that I learned while working for a "low-key 'country banker'" was the value of a work ethic and optimistic outlook.

Tower Financial of Fort Wayne, Ind., agreed to draft a plan that would strengthen oversight of its management, the Federal Reserve said.

Square Mile Capital Management LLC has won the bidding for a portion of the assets the Federal Deposit Insurance Corp. acquired when it seized Atlanta's Silverton Bank a year ago.

It's still early in the seemingly endless community bank earnings season, but higher expectations so far are being rewarded with firmer results.

Anchor BanCorp Wisconsin Inc. in Madison has bought itself more time from its lender. The struggling, $4.6 billion-asset company announced late Monday that U.S. Bancorp had agreed to put off for a year the due date on a $116.3 million loan

Independence Federal Savings Bank in Washington has called off its acquisition of Colombo Bank in Rockville, Md., after an indication from regulators that the deal had been delayed indefinitely.

I just finished reading your article on legislation to restrict debt settlement firms. The information you presented accurately portrayed the negative allegations that were put forth recently. (See story.)

Banks and insurers are more optimistic and have made strides strengthening risk management, according to a survey of 346 senior risk management executives in the financial services industry conducted in February by the Economist Intelligence Unit.

The Federal Reserve on Monday announced it has taken enforcement action against banks in Montana and Florida.

Less than a week after making a deal with a private-equity firm and the Treasury Department, Sterling Financial Corp. in Spokane announced it is raising $555 million in capital through private placements with several investors.

Regulators have dealt another setback to TierOne Corp. in Lincoln, Neb., by rejecting the company's proposal to sell half its branches to Great Western Bank.

The $2.5 billion-asset company capped the week by announcing the immediate departure of Scot T. Wetzel, the chief executive and president of the company and of its thrift unit.

Madison Dearborn Partners LLC, a Chicago-based private equity firm, is acquiring a majority 51% interest in credit reporting company, TransUnion LLC.

CHAMBERSBURG, Penn. – Patriot FCU has been chosen to open a student branch inside the Chambersburg Area Senior High School building.

COLLINSVILLE, Ill. – Fast-growing Scott CU is planning to move its corporate headquarters to the Edwardsville Corporate Centre, just east of the Interstate 55-Illinois Route 143 interchange, in nearby Edwardsville.

Regulators closed $3.5 billion-asset Frontier Bank in Everett, Wash., and three other smaller banks in the Midwest to bring the year’s failure total to 64.