Flagstar Bancorp in Troy, Mich., announced Monday that it is raising additional capital a month after an effort to raise funds from existing shareholders came up short.

Portfolio Recovery Associates Inc., a Norfolk, Va. debt buyer, announced today that it has acquired a controlling interest in the assets of Claims Compensation Bureau (CCB), a company that specializes in recovering funds and processing payments owed under class-action settlements.

Many financial institutions' main Web sites include microsites — pages that promote a specific product or service. They're not too flashy or innovative, not too expensive, not too taxing on the technology department and certainly present no threat of overshadowing the banks' primary sites.

Prosecutors are expected to announce the arrest of Charles J. Antonucci Sr., the former president of The Park Avenue Bank, which was closed by regulators on Friday.

The deadline to become compliant with the final rule on the “ability to pay” amendments to Regulation Z stemming from the CARD Act of 2009 passed last month. Financial institutions are breathing a sigh of relief and getting on with their business.

Mortgage modifications made permanent jumped 45% in February, according to newly released U.S. Treasury Department data.

HONOLULU – HawaiiUSA FCU last week said it will open a new branch, its 11th, in Pearl City, and move its call center with its 21 employees to Pearl City from downtown Honolulu.

Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

WASHINGTON — The government closed state-chartered banks in New York, Florida and Louisiana late Friday to bring the year's failure tally to 30.

Cardinal Bankshares Corp. of Floyd, Va., announced Friday that earnings declined 64.7% in 2009.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.

Fox Chase Bancorp Inc. in Hatboro, Pa., has become the latest converted mutual to announce a second-step conversion.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.

The Bancorp Inc. of Wilmington, Del., said last week it has repaid the $45.2 million it received through the Troubled Asset Relief Program.

Bank of Florida Corp. unveiled a two-pronged capital-raising plan Friday to raise a projected $45 million, with shares outstanding potentially surging toward 100 million from the current 13 million.

The U.S. earned $11.15 million in its latest auction of warrants obtained from institutions that were once part of its $700 billion financial company rescue program.

WASHINGTON — State regulators shut $209.7 million-asset LibertyPointe Bank of New York, a rare move for a Thursday evening that usually indicates a bank's condition was deteriorating rapidly.

HONOLULU – A local Hawaiian priest on Monday performed the blessing at the opening ceremonies of Aloha Pacific FCU’s newest branch, the credit union’s ninth.

JEFFERSON CITY, Mo. – The management and boards of 10 small credit unions that serve the Missouri Department of Transportation’s 10 districts will have to look for new facilities after a budget-cutting move by the state expelled them from their decades-old offices on state property.