Nearly three million homeowners received at least one foreclosure filing in 2009, setting a record for the number of people falling behind on their mortgage payments, according to RealtyTrac, an online marketplace for foreclosure properties, and its Foreclosure Market Report.

The Federal Reserve has ordered the Orlando, Fla.-based Old Southern Bank to either find a buyer or increase its equity within the next month.

Old National Bancorp of Evansville, Ind., said Wednesday that its fourth-quarter results would take a hit from a $12 million loss on a "non-real-estate loan participation."

The $4 billion-asset company in Rockford, Ill., announced in a Securities and Exchange Commission filing Wednesday that the Office of the Comptroller of the Currency rejected the company's Dec. 4 capital plan for its Amcore Bank unit, saying it was not based on realistic assumptions.

Several companies in the collectio and debt-buying industries made large contributions to charities in 2009 and, specifically, during the holidays. The following is the start of a roll call listing those companies and their efforts. This list, with the detailed information following, will grow as more information is sent to Collections & Credit Risk. Contact Darren Waggoner at darren.waggoner@sourcemedia.com.

WASHINGTON — The Federal Deposit Insurance Corp. late Wednesday announced it will sell Independent Bankers' Bank Bridge Bank to The Independent BankersBank of Irving, Texas.

IRWINDALE, Calif. – SCE FCU plans to cut a ribbon at its new headquarters branch on Monday.

First Catholic Federal Credit Union of Taylor, Mich., has sued to terminate CUSO Mortgage Inc.'s loan servicing contract.

A bank holding company based in Chicago has agreed not to declare or pay dividends without Federal Reserve approval.

SUITLAND, Md. – Andrews FCU’s newly renovated headquarters branch here features an expanded member service area, Internet cafe, flat-screen LCD television, coin counter and even a "Kid’s Zone" with toys and other activities.

The $499 million-asset company in Elmira, N.Y., reported Tuesday that it earned $4.5 million in 2009, up 50% from a year earlier. The company said the record earnings outpaced its projections for an expansion in the Finger Lakes market in 2007.

North Asia Investment Corp., a $50 million special-purpose acquisition company led by a group of South Korean investors, announced Tuesday that it has agreed to acquire Pacific City Financial Corp., a Los Angeles company that caters to Korean-Americans.

In his Jan. 8 Viewpoint, "A Better Charter Alternative for Credit Unions", Alan D. Theriault recommends rules that more aggressively promote the conversion of credit unions to banks, citing capital pressures as the reason. But his call for credit unions to give up their charter flies in the face of today's economic realities and public sentiment.

The Federal Trade Commission's study of nine of the largest consumer debt buyers has industry participants concerned the investigation will be one-sided and lead to an unfair industry clampdown. Ultimately, some insiders believe the fallout will cause delinquent debt prices to drop.

Determining that Barnes Banking Co. of Kaysville, Utah, is "critically undercapitalized," the Federal Reserve Board said Monday that the company should issue new shares or sell itself to another depository institution by Friday.

Capitol Bancorp Ltd. in Lansing, Mich., announced Monday that it has a deal to sell its 51% stake in Adams Dairy Bank in Blue Springs, Mo., to the bank's board of directors.

The $3.5 billion-asset company in Charleston, S.C., said in a press release late Friday that it expects to record a loan-loss provision of $25 million to $26 million for its quarter that ended Dec. 31.

A new round of watchdog reports says the Federal Deposit Insurance Corp. could have been tougher in regulating three community banks that later closed.

Bankers formerly with large institutions are finding opportunities at smaller banks, particularly after their former employers failed or were merged into other companies.