RENO, Nev. – Great Basin FCU announced it will close its branch in the Ironhorse Shopping Center in Sparks on April 15.

When controversial accounting rules effectively jeopardized a pending acquisition, Investors Bancorp Inc. in Short Hills, N.J., got angry.

To the Editor:

Temecula Valley Bancorp Inc. joined the list of California companies warning that mounting losses and evaporating capital are casting doubt on their survival.

Flagstar Bancorp's staggering $200.3 million fourth-quarter loss might have seemed as bad as it could get.

CIB Marine Bancshares Inc. is facing bankruptcy because it owes more money on its trust-preferred securities than it can afford to pay.

With the pending sale of its Colorado branches, the pressure to raise capital is off for First State Bancorp. in Albuquerque, but it still must contend with rising problem loans.

To the Editor:

Citing deteriorating credit quality, TIB Financial Corp., of Naples, Fla., said Thursday it lost $13.3 million in the fourth quarter, roughly double the amount it lost a year earlier.

In his first two and a half months as the chief executive of First Federal Bankshares Inc. in Sioux City, Iowa, Levon Mathews has cut expenses by trimming jobs and selling a branch.

Under regulatory pressure to raise capital, First State Bancorp. in Albuquerque is selling its Colorado branches to Great Western Bank in Watertown, S.D.

WEST

DULUTH, Minn. – Duluth Teacher’s CU is planning to sell a vacant lot it owns to help it finance a new scholarship program.

Park Avenue Bank in New York said Tuesday that its board members and other investors recently gave it a $25 million cash infusion.

Manhattan Bancorp in El Segundo, Calif., is trying to revive the mortgage conduit business model practiced several years ago by Wall Street firms.

Camco Financial Corp. in Cambridge, Ohio, has revised its fourth-quarter results, saying it lost $2.3 million more than it previously reported.