FRANKENMUTH, Mich. – Frankenmuth CU has opened two branches in Meijer stores in nearby Birch Run and Essexville.

Just a few weeks after announcing plans to sell some of its subsidiary banks, Capitol Bancorp Ltd. has its first suitor.

MIDWEST

Though its nonperforming assets continued to rise, TierOne Corp. in Lincoln, Neb., narrowed its first-quarter loss by 84% from a year earlier, to $9.8 million.

So close and yet so far away.

A few weeks after announcing plans to sell some subsidiary banks, Capitol Bancorp Ltd. has its first suitor.

NEWARK, Ohio – Fiberglas FCU, which sought a presence on the city’s North End, opened up a two-story branch between Kroger and Kohl’s stores.

Citing lower interest expenses, Capitol Federal Financial in Topeka, Kan., said its earnings for the quarter that ended March 31 rose 55% from a year earlier, to $18.1 million, or 25 cents a share.

After selling a foreclosed property for less than it expected, MBT Financial Corp. in Monroe, Mich., said it must revise the first-quarter loss that it reported last week.

Umpqua Holdings Corp. in Portland, Ore., said Tuesday that it has started an international banking division in San Francisco to serve small and midsize companies that do business overseas.

After four straight quarterly losses, Integra Bank Corp. of Evansville, Ind., has demoted its top executive.

City National Corp. in Los Angeles and Texas Capital Bancshares Inc. in Dallas plan to complete stock offerings this week to repay their government capital.

VANCOUVER, Wash. – iQ CU moved into its new headquarters this week, marking the completion of the $10.5 million conversion of the one-time city offices.

Peoples Community Bancorp Inc. in West Chester, Ohio, is in a do-or-die situation.

With nonperforming assets climbing to 7.23% of its total, BancTrust Financial Group Inc. of Mobile said Monday that it swung to a first-quarter loss of $6 million, from a profit of $2.7 million a year earlier.

It only took hours after regulators seized Silverton Bank for the first ripple to surface.

Community Bancorp in Las Vegas said Monday that both its subsidiary banks had amended their call reports from last year to reflect additional, mostly credit-related, expenses.

Great Southern Bancorp Inc. of Springfield, Mo., swung to a profit of $17.4 million last quarter, from a loss of $15.1 million a year earlier, because of its acquisition of a failed bank.

Bankers usually tout loan growth, but not Jay Fritz.

Cascade Bancorp of Bend, Ore., posted a surprising first-quarter loss Friday and said it is still working to add capital.