Bank of Miami said Wednesday that it has gained more than $11 million of capital this quarter. The $608 million-asset bank in Coral Gables, Fla., said it sold $2.5 million of trust-preferred securities in a private placement with its shareholders and realized a $9 million tax benefit.

MB Financial Inc. in Chicago said it has approved large salary increases for its two highest-paid employees, because as a participant in the Troubled Asset Relief Program it cannot continue to pay them bonuses.

Starting Jan. 1 institutions that are less than well-capitalized must comply with new restrictions on deposit rates. They will not be allowed to pay more than 75 basis points over a national average calculated by the Federal Deposit Insurance Corp.

RICHLAND, Wash. – Fast-growing Gesa CU opened its new corporate offices Monday, in a newly constructed four-story, 76,000 square-foot building downtown.

PHOENIX – Arizona FCU, which has been fighting one of the worst economies in the country, said yesterday it plans to close eight more branches in 2010 to help cut expenses.

Now, in the name of reform, this bill would impose new requirements and penalties on the Home Loan banks that would make them less effective no matter what the economic climate.

On Tuesday, the $1.5 billion-asset company filed a registration statement that would allow it to raise up to $20 million by extending rights to its shareholders to buy new common shares.

First Niagara Financial Group will lend up to $50 million as part of a recapitalization plan that will make Harleysville National Corp. and its bank subsidiary well-capitalized.

A month after announcing plans to raise $20 million, Emclaire Financial Corp. in Emlenton, Pa., has called off its stock offering.

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Midwest Banc Holdings Inc. is the second company in less than a week to suggest there could be some government relief forthcoming for those that received funds through the Troubled Asset Relief Program, but are now struggling.

BIRMINGHAM, Ala. – Fast-growing APCO Employees CU plans to open its first branch in the Tuscaloosa market.

ALBUQUERQUE, N.M. – Sandia Laboratory FCU, the state’s biggest credit union, has opened its eighth branch and first in the town of Los Lunas.

Less than a week after its parent's bankruptcy filing, Cleveland-based AmTrust Bank failed Friday at a cost of $2 billion to the government.

Less than a week after its parent's bankruptcy filing, Cleveland-based AmTrust Bank failed Friday at a cost of $2 billion to the government.

Though the market for trust-preferred securities remains strained, the warm reception for an offering from City National Corp. is expected to persuade others to consider this option for a capital boost.

Though the market for trust-preferred securities remains strained, the warm reception for an offering from City National Corp. is expected to persuade others to consider this option for a capital boost.

ST. PETERSBURG, Fla. – GTE FCU is poised to open a new branch in midtown, a troubled neighborhood that has been without financial services for almost two decades.

CHICAGO – Polish & Slavic FCU has signed a lease to open a new branch here, the $1.2 billion credit union’s first branch outside of its core New York and New Jersey market.

A fresh shot of capital has moved Mercantile Bancorp Inc.'s Florida unit back into regulators' good graces.