First Southern Bancorp has raised about $400 million to acquire failed banks in the south Florida market. Along with the capital, the company added some well-known bankers.

First Southern Bancorp has raised about $400 million to acquire failed banks in the south Florida market. Along with the capital, the company added some well-known bankers.

Albina Community Bancorp in Portland, Ore., Friday reported losing $1.8 million in the fourth quarter, compared with a $60,000 loss for the same period in 2008.

DNB Financial Corp. in Downington, Pa., Friday reported fourth-quarter earnings of $573,000 compared with a loss of $230,000 for the year-earlier quarter.

Albina Community Bancorp in Portland, Ore., Friday reported losing $1.8 million in the fourth quarter, compared with a $60,000 loss for the same period in 2008.

DNB Financial Corp. in Downington, Pa., Friday reported fourth-quarter earnings of $573,000 compared with a loss of $230,000 for the year-earlier quarter.

Nearly 25,000 consumers deceived in a collections scam operated by three companies, using the name National Check Control, will receive $1.6 million, Federal Trade Commission spokesperson Claudia Bourne Farrell tells Collections & Credit Risk.

Bank of Granite Corp. of Granite Falls, N.C., said Wednesday that the Nasdaq stock market notified it that it now complies with the exchange's listing rules.

Capitol Federal Financial of Topeka, Kan., reported Thursday that its fourth-quarter profit rose 32% year over year, to $21 million.

A Chicago entrepreneur is suing the Federal Deposit Insurance Corp. to win back capital he invested in a bank in the months before it failed.

Traumatized by shrinking retirement assets and home values - job losses, too - consumers continue to dramatically cut spending while juggling their monthly bills to stay afloat.

First Mariner Bancorp's sale of its consumer finance arm hurt its quarterly results, but boosted capital.

With more bank failures expected in the Pacific Northwest, Umpqua Holdings Corp. in Portland, Ore., announced late Tuesday that it plans to raise $215 million in new equity that could be used to buy failed banks.

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Talk about a strange brew. Cathay General Bancorp in Los Angeles was hit by an enforcement action in December, tapped the equity markets this week and is now contemplating expansion.

CompuCredit Corp., an Atlanta financial services company, confirmed it will lay off more than 300 collection agents and supervisors in two Atlanta area collection call centers that will be closed by March 31, a spokesperson said late today.

While regional and national banks with large portfolios have workout departments that take over distressed commercial loans, community banks do not.

The continuing collapse in bank lending has been of a piece with the severity of the Great Recession, but it has relatively recent precedent.

Household balance sheets may be in shambles, and lenders badly wounded by the banking crisis, but, compared with some previous downturns, the recent contraction in consumer credit appears to have been middling so far.

East Texas Financial Services Inc. in Tyler has agreed to be acquired for $23.5 million by a company owned by one of its board members.