Glen Burnie Bancorp of Maryland said its 2009 net income rose 212% to $1.26 million.

Sterling Banks Inc. in Mount Laurel, N.J., has given shareholders more information about a restatement for the second and third quarters of 2009.

BancorpSouth Inc. in Tupelo, Miss., surprised investors late last week by announcing it would delay filing its annual report because auditors found asset-quality issues that will likely require an earnings restatement.

A Lloyd's of London syndicate is the second insurer trying to escape liability in the massive mortgage fraud for which more than 25 credit unions are seeking recompense of up to $125 million.

With more borrowers making hard choices about the bills that are most important to pay, more collection shops are adopting a kid-gloves approach to recoveries.

EverBank in Jacksonville, Fla., is negotiating to buy a $10 billion package of residential servicing rights from Flagstar Bancorp, according to investment banking sources familiar with the matter.

Macatawa Bank Corp. in Holland, Mich., said its banking subsidiary has entered into a formal agreement with regulators that requires higher-than-typical capital ratios and orders the bank to clean up its asset portfolio.

The parent company of HeritageBank of the South in Albany, Ga., announced a deal Thursday to acquire five branches from the Park Avenue Bank, which has struggled with credit-quality problems.

With an overflowing pot of capital at his small New Century Bank, Jay S. Sidhu is ready to make some big deals.

Alabama Attorney General Troy King's office and the Alabama Securities Commission announced this week the permanent shutdown of what they call one of the largest debt settlement schemes in the nation.

NEW ENGLAND

PacWest Bancorp in San Diego has sold off a significant portion of its troubled loans at a steep discount in an attempt to refocus on growth.

Sterling Bancshares Inc. in Houston has hit speed bumps including a terminated branch deal, an earnings restatement and a sharp rise in nonperforming assets.

APPLE VALLEY, Calif. – Alaska USA FCU, which entered the California market with the acquisition of two failed credit unions last year, is opening a new branch here today.

BAKERSFIELD, Calif. – Kern Schools FCU said it plans to close four of its 14 branches and lay off 40 employees as part of a plan to trim its budget by $7 million.

Supporting the ideal of a bank on the corner that knows every customer is not merely some nostalgic notion of America. Rather, it is a necessity for the success of our local economy

Financial institutions need to move beyond brochures and classes if they are serious about improving their customers' financial capability, and they are well positioned to do so.

In less than two years, the financial world witnessed the collapse of some of the most trusted industry icons, mergers and acquisitions of many of the largest banks and government bailouts - namely TARP.

Naugatuck Valley Mutual has joined a growing list of companies planning second-step conversions, which would give its subsidiary capital to buy Southern Connecticut Bancorp.

Cascade Bancorp's largest shareholder, in affiliation with a PE firm, agreed to invest $65 million into the struggling bank — but only if it found capital elsewhere first.