Central Virginia Bankshares in Powhatan said Tuesday that it swung to a loss of $255,943 in the second quarter, from a $909,577 profit the year earlier.

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CapGen Financial Partners, a private-equity firm founded by former Comptroller of the Currency Eugene Ludwig, has signed a letter of intent to invest up to $15 million in Seacoast Banking Corp. of Florida.

For years banks from other states have been eager to enter Texas. Now at least a handful of them are weighing branch sales there. It's not that these sellers have soured on the Lone Star State, which continues to hold up relatively well despite the recession. It's just that they need capital.

MULBERRY, Fla. – Magnify CU, known until recently as Community First CU, will add to its branches with the opening of a new green facility in south Lakeland.

STATE COLLEGE, Penn. – Penn State FCU celebrated the grand opening of its third branch Monday.

BRILLION, Wis. – Best Advantage CU has moved into a new headquarters.

INDIANAPOLIS – Credit Union Center, in partnership with CO-OP Shared Branching, is now offering CO-OP Mobile to its member credit unions.

Losses at U.S. Central Federal Credit Union, which was seized by regulators in March, continue to trickle down to other credit unions.

Columbia Bancorp's net loss widened more than threefold from the previous period to $23.3 million in the second quarter as its credit provision jumped almost 50%, to $14.4 million and it took a $7.2 million charge against deferred tax assets.

The Bancorp said Monday that it has launched an offering of $50 million of common stock.

Forget the pile of nonperforming assets, eight consecutive quarterly losses and the cancellation of a similar rights offering a year ago; BankAtlantic Bancorp Inc. is again asking shareholders to double down.

Regulators closed two community banks in Florida, and one in Oregon, Friday evening to bring the year's failure total to 72.

Bankers and consultants alike report a quiet and continuing migration of seasoned talent away from the nation's major banks and into the calmer offices of smaller regional lenders.

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UCBH Holdings Inc. is forecasting a provision for loan losses of $300 million to $350 million for the second quarter, up roughly tenfold from a year earlier.

On the heels of reporting a $63.9 million second-quarter loss, Seacoast Banking Corp. in Florida has initiated a public offering. The $2.1 billion-asset Stuart company plans to sell 34.5 million shares of common stock and, if demand is strong enough, an additional 5.2 million shares.

The capital-strapped Harrington West Financial Group Inc. in Solvang, Calif., has decided to leave Kansas. The $1.16 billion-asset company said late Thursday that it agreed to sell its Kansas City operations to Arvest Bank in Fayetteville, Ark.

Nearly 1,500 small, privately held banks around the country could have to pay tens of millions of dollars combined in back taxes if a court ruling stands.

Georgian Bancorp. is still seeking to raise at least $25M after a tenfold jump in bad loans in six months.