TULSA, Okla. – Hundreds of residents joined officials of Tulsa Teachers CU to unveil its new branch in nearby Bixby–and the chance to win $500.

CHEYENNE, Wyo. – Meridian Trust FCU broke ground last week on an 8,000-square-foot administration building, which will be connected to the credit union's existing branch at the site.

Umpqua Holdings Corp. posted a surprise second-quarter profit even as loan-loss provisions and nonperforming loans rose, while it continues to wind down its residential construction loan portfolio.

NEW ENGLAND

The wounded Capitol Bancorp Ltd. is continuing its bank sell-off.

The industry consensus is that investors care more about capital and credit than wide earnings misses for the second quarter, and East West Bancorp Inc. in Pasadena, Calif., is a case in point.

COLUMBUS, Ohio – Powerco CU has purchased a 13,241-square-foot, office building for $2 million.

MIAMI – American Airlines FCU continued its expansion at the nation’s airports with the opening of its newest Miami International Airport Cargo branch.

WASHINGTON — A powerful credit-union trade group on Tuesday laid out its conditions for supporting the proposed Consumer Financial Protection Agency.

CapitalSource Inc., in Chevy Chase, Md., is moving forward with plans to sell $71.8 million of common stock and $300 million of senior secured notes.

To understand just how hard it is to start a bank these days, consider Coastal Bank and Trust. Organizers raised the $11 million of capital they needed, but just made the deadline in the prospectus with minutes to spare.

Century Bancorp Inc.'s second-quarter earnings rose 7%, as a lower tax rate and higher net interest income helped offset an increase in loan trouble and a larger assessment for deposit insurance.

DOWNEY, Calif. – City Of Downey FCU has agreed to share its Downey branch with Southern California Postal CU.

Westamerica Bancorp. of San Rafael, Calif., reported a 90% surge in second-quarter earnings Tuesday as a recent acquisition and lower short-term interest rates more than offset increased credit costs.

On the heels of reporting a second-quarter loss due to rising credit problems, CoBiz Financial Inc. in Denver is raising $45 million of capital with an eye toward possible acquisitions.

Blank-check companies have had a hard time buying banks in the past, but a pair of deals announced Tuesday could signal more to come.

Observers say lower prices for banks and adesperation for capital have given these investors more incentive toget involved in the industry now.

The flailing Guaranty Financial Group Inc. of Austin has a new chief executive officer and chief financial officer.

Territorial Bancorp Inc. of Honolulu is off to a flying start.