Federal regulators told bidders for Guaranty Financial Group Inc. that they have chosen a winner to take over the crippled Texas bank, according to people familiar with the situation.

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First Bancshares Inc. in Mountain Grove, Mo., and its First Home Savings Bank have signed regulatory orders with the Office of Thrift Supervision requiring plans to improve earnings and preserve capital.

National Consumer Cooperative Bank in Washington said Tuesday that its lenders had waived financial requirements on a credit line for 90 days in exchange for a higher interest rate.

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The proposed merger of two Pennsylvania companies with ties to Vernon W. Hill 2nd has been touted as the second coming of Commerce Bank. But more than nine months on, regulators have yet to bless the deal.

First Bancshares Inc. and its banking arm signed regulatory orders with the Office of Thrift Supervision to take certain measures to improve earnings and preserve the bank's capital resources, the company said in a release.

KNOXVILLE, Tenn. – Forty years after being founded to serve the University of Tennessee, UT FCU is returning to where it started and is opening a branch on campus here.

After four consecutive quarterly losses, the depleted Mercantile Bancorp Inc. in Quincy, Ill., is exploring ways to recapitalize itself.

By seizing the Montgomery, Ala., unit of Colonial BancGroup Inc. on Friday and selling it to BB&T Corp., regulators nullified a contract that Colonial had made to sell 21 Nevada branches to a blank-check company, Global Consumer Acquisition, analysts said. Without those offices, Global Consumer's other proposed acquisition may be hard to justify. The company had agreed to buy 1st Commerce Bank in North Las Vegas from Capitol Bancorp Ltd., largely for the charter.

Doing just one thing well is no longer good enough for payments processors serving community banks. That was the thinking behind Jack Henry & Associates Inc.'s deal to buy Goldleaf Financial Solutions Inc.

Julie Castle, the president of the wealth management arm at First Interstate BancSystem in Billings, Mont., said she was worried at the beginning of the year that the unit might become another casualty of poor economic conditions.

The Office of the Inspector General for the Federal Deposit Insurance Corp. said examiners did not take the steps necessary to rein in risky practices at First Centennial Bank in Redlands, Calif.

WASHINGTON — Following the largest failure of the year, and the collapse of a small mutual in Pennsylvania, regulators shut three western banks late Friday ...

WASHINGTON — Following the largest failure of the year, and the collapse of a small mutual in Pennsylvania, regulators shut three western banks late Friday, bringing the year's failure total to 77.

Capital Insight Partners Inc., a Chicago investment bank, is recruiting experienced bankers to pair with private-equity firms that want to roll up failed institutions around the country.

With $225 million of fresh capital on the way, Umpqua Holdings in Portland, Ore., is on the lookout to buy failed banks — both in its market area and beyond.

First Farmers Financial Corp. in Converse, Ind., and CB Bank Shares Inc. in Russiaville, Ind., said Thursday that they have agreed to merge.

QUINCY, Mass. – Quincy CU has opened a 3,700-square-foot branch in adjacent Weymouth, its first physical expansion outside this city south of Boston, known as the City of Presidents.

DURAND, Mich. – SageLink CU has opened its new home office that was built to look like a historic train depot.