NCUA liquidated Eastern New York FCU Friday night and assigned the remnants of the one-time $60 million credit union to USAlliance FCU, the $760 million credit union based in the Manhattan suburb of Rye, N.Y.

In the matter of an evening, Tennessee jumped from having no bank failures so far this crisis, to being tied with Florida so far this year.

A unit of Town and Country Financial Corp. in Springfield, Ill., has agreed to buy a branch in Quincy, Ill., from Associated Banc-Corp.

Last year, United Community flirted with the notion of exiting the Tarp and buying failed banks. Now management is talking about major cost cutting as it struggles to post sustainable profits.

MB Financial Inc.'s fourth-quarter results fell shy of Wall Street's expectations, but things are still looking up for the Chicago company.

Underwriters are taking advantage of the broader U.S. market's liquidity, as well as a favorable dollar-to-euro exchange. U.S. investors and banking companies are among the beneficiaries.

Hancock Holding Co.'s fourth-quarter results included hefty costs associated with buying Whitney Holding Corp.

Once a leader in dial-up Internet connectivity, EarthLink Inc. is lining up banks and other businesses these days as clients for tech services like co-location and disaster-recovery.

Bank of America Corp.'s Chief Executive Friday reiterated he doesn't think the bank needs to make new acquisitions.

Green Dot Corp.'s fourth-quarter net income rose 76% from a year earlier, to $14.0 million, the prepaid card company said on Thursday evening.

Tennessee has managed to escape the downturn relatively unscathed, and hasn't had a bank fail since 2002. But a new crop of undercapitalized banks and other strugglers have put 10% of the state's banks at some risk of failure.

Columbia Banking System Inc. in Tacoma, Wash., and an aggressive buyer of failed banks, rode those acquisitions to a strong fourth quarter.

ALEXANDRIA, Va. — The NCUA Board this morning approved the proposed merger of Tennessee's Volunteer Corporate CU with West Virginia Corporate CU, accelerating the pace of the corporate restructuring.

Brookline Bancorp Inc.'s fourth-quarter and full-year results rose despite costs associated with acquisitions.

Valley National Bancorp in Wayne, N.J., announced that fourth quarter earnings fell after several special charges.

The Ithaca, N.Y., bank has been scouting for deals and said Thursday it has agreed to buy VIST Financial in southeastern Pennsylvania for $86 million in stock.

United Community Banks Inc. of Blairsville, Ga. is back in the black — again.

Mission Capital's David Tobin is on, well, a mission. Distressed debt backed by commercial real estate is thriving, and banks should be selling their holdings.

New Resource Bank in San Francisco said Thursday that it had raised $7.7 million through a private placement.

The St. Louis company will restate almost two years' worth of earnings after finding an error tied to loss-sharing agreements for failed-bank deals.