Patriot Bancshares Inc. in Houston has canceled its deal to buy the $497 million-asset Texas Community Bank in The Woodlands, Texas, the Houston Business Journal reported Friday.

WASHINGTON — Regulators closed three more banks Friday evening to bring the year's failure total to 133.

Wescom Central Credit Union in Pasadena, still struggling with the Southern California recession, said last week that it plans to shutter another eight branches.

The National Credit Union Administration last week approved the second new credit union charter this year, for East Side Development Alliance Federal Credit Union in Queens, N.Y.

Pacific West Bank of West Linn., Ore., has restated its results for the second quarter to show a net loss more than five times the loss originally reported.

MidSouth Bancorp Inc. in Lafayette, La., is looking to raise as much as $34.5 million in fresh capital, and it may use it to make acquisitions.

Like so many others, East Carolina Bank in Englehard, N.C., wants to increase revenue and market share. But it is going about it in a new way.

IMGCAP(1)]

WASHINGTON — Regulators closed three more banks Friday evening to bring the year's failure total to 133.

Central Pacific Bank is quitting California. The Honolulu unit of Central Pacific Financial Corp., which has suffered heavy losses on West Coast construction loans, said Thursday that it would wind down operations there by 2012.

BATON ROUGE, La. – KeyPoint FCU plans to expand next year in Ascension Parish with a new branch in Prairieville.

ROCHESTER, N.Y. – ESL FCU will enter Genesee County with a branch in Batavia to open in late 2010, officials announced Thursday.

IMGCAP(1)]

NEW ENGLAND

Getting through regulatory hurdles is a tough slog for many private-equity firms that want to buy or start banks, but some have found that having former banking regulators by their side can smooth the way.

IMGCAP(1)]

SYRACUSE, N.Y. – Students at Fowler High School will open an adjunct branch of Syracuse Cooperative FCU today.

CUMBERLAND, Penn. – AmeriChoice FCU opened its latest student-run branch Friday in the Cumberland Valley School District.

A provision tucked in the massive regulatory reform bill by House Financial Services Committee Chairman Barney Frank would require regulators to consider thrift deposits when calculating whether a merger violates the federal ban on any one institution from controlling more than 10% of the nation's deposits.

When a group of would-be bank organizers recently landed a small Florida institution, they were foreshadowing the near-term future of industry M&A.