MidSouth Community Federal Credit Union in Macon, Ga., is the latest credit union to take advantage of the growing inventory of bank branches on the market, agreeing to acquire two branches of the failed Security Bank from the Federal Deposit Insurance Corp.

Webster Financial Corp. of Waterbury, Conn., said Thursday that it recorded a $6.1 million first-quarter loss after repaying $100 million of a $400 million investment from the Troubled Asset Relief Program.

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Valley National Bancorp of Wayne, N.J., on Thursday reported first-quarter earnings fell to $27.4 million, from $37.4 million a year earlier.

Though smaller companies may still bid on individual failed banks, they may have to enlarge their bids — perhaps significantly — to compete with package buyers.

PremierWest Bancorp in Medford, Ore., narrowed losses and reduced chargeoffs in the first quarter, the company reported Thursday.

MidSouth Community FCU is the latest credit union to take advantage of a growing inventory of bank branches on the market by agreeing to acquire two branches of failed Security Bank from the FDIC.

A Supreme Court decision yesterday could make it easier for consumers to sue collectors for sending erroneous collection notices.

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The South Financial Group in Greenville, S.C., reported Tuesday a large but narrowing first-quarter loss of $85.8 million. The $12.4 billion-asset company had lost $193.8 million a year earlier.

LANSING, Mich. – State officials approved tax breaks for 10 job creating projects, including a plan by PSCU Financial Services to expand its operations in Auburn Hills that will create more than 830 jobs.

CAMBRIDGE, Mass. – Harvard University officials have tentatively agreed to allow Harvard University Employees CU in the Student Organization Center in Harvard Yard.

BROCKPORT, N.Y. – The Monroe County Industrial Development Agency voted Tuesday to approve a $5,330 abatement of mortgage taxes and property taxes for Brockport FCU to facilitate the credit union’s plans for a new branch in Clarkson, the $5 million credit union’s second branch.

MACON, Ga. – MidSouth Community FCU is the latest credit union to take advantage of a growing inventory of bank branches on the market by agreeing to acquire two branches of failed Security Bank from the FDIC.

Sponsors of a Colorado Senate bill that would have barred the growing practice of merchants assessing surcharges on debit card transactions pulled the bill after it was amended to bar all automated teller machine surcharges.

After swinging to a first-quarter loss, PacWest Bancorp in San Diego — with a cleaned-up balance sheet — may be better poised to resume making winning bids for failed banks.

Redwood Trust Inc., (RWT) seeking to reopen the U.S. market for private-label mortgage securities, disclosed Wednesday that it plans to issue about $222 million of bonds backed by new jumbo home mortgages.

The Federal Reserve announced enforcement actions Tuesday against Ameri-National Corp. that the central bank said are meant to help maintain financial soundness at the Overland Park, Kan., company.

COLORADO SPRINGS – Animals from Cheyenne Mountain Zoo’s mobile petting zoo will be on hand Saturday to help mark the grand opening of Ent FCU’s new Falcon branch.

Community Capital Corp. in Greenwood, S.C., said its earnings jumped sharply in the first quarter as credit quality showed significant improvement.