Officials announced the elaborate closing of San Francisco-based United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's operations immediately.

In an interview during the ABA's annual meeting in Chicago late last month, Johnson said that after a decade's worth of job losses in Michigan, his intent as chairman is to advocate for the kind of political change that will help jump-start the economy.

Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.

Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.

MIDDLE ATLANTIC

Enforcement actions often call for banks to increase capital, but a recent order for Hanmi Financial Corp. shows regulators are getting pickier. They want more common equity.

KNOXVILLE, Tenn. – Knoxville TVA Employees CU has purchased a former BB&T branch in Bearden for $687,000.

During a period when more pressure than usual is on us to cross-sell products, the temptation to pile on the marketing is natural. But in some situations, saying "less is more" has real merit.

Bryn Mawr Bank Corp. in Pennsylvania has a deal to expand in Delaware County by buying First Keystone Financial Inc. in Media. The $1.2 billion-asset Bryn Mawr agreed to pay about $32.7 million for First Keystone.

Consumer bankruptcies rose 27.9% in October from a year earlier, the American Bankruptcy Institute said Wednesday.

Georgia Bancshares Inc. in Peachtree City has agreed not to pay dividends or incur debt without Federal Reserve Board approval.

For months now, Central Pacific Financial has been aiming at a moving target in trying to raise capital. And after a staggering $183M third-quarter loss because of rising loan trouble, the target just moved again.

Bryn Mawr, Pa.-based Bryn Mawr Bank Corp. has agreed to pay about $32.7 million for Media, Pa.-based First Keystone Financial Inc. with a view to folding First Keystone into subsidiary Bryn Mawr Trust Co.

Despite posting its fifth consecutive quarterly loss, and its biggest one yet by far, Flagstar Bancorp Inc.'s new chairman and chief executive insisted the company could be a potential acquirer once it raises more capital.

Credit kept worsening at First State Bancorp. in Albuquerque last quarter — leaving the company undercapitalized and its bank unit only adequately capitalized.

The Federal Reserve announced enforcement actions Tuesday against Oklahoma's Commerce Bancshares and Oregon's Merchants Bancorp, moves taken to help maintain financial ...

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Despite raising capital three times in the last 12 months, Macatawa Bank Corp. in Holland, Mich., needs more capital because of mounting losses.

CapitalSource Inc. of Chevy Chase, Md., said Monday that its third-quarter net loss widened 11.2% from the previous quarter, to $274 million, as it increased its loss allowance by 97 basis points, to 5.48% of commercial loan assets.

Donald Marron, whose Lightyear Capital LLC agreed to inject $40 million into Cascade, said that his team has met with roughly 150 management teams at midsize community banks in the past year.