Regulators on Friday seized two banks owned by the $1.6 billion-asset company. The failures could tangle the Lansing, Mich., company in what the Federal Deposit Insurance Corp. calls the cross-guarantee liability, meaning that the agency has the ability to charge Capitol's nine surviving banks with the cost of the failures.

A North Carolina bank that had belonged to the long-troubled Capitol Bancorp was closed by state regulators on Friday.

Customers Bancorp in Wyomissing, Pa., is looking to raise $75 million in a stock sale and intends to use the proceeds to fund organic growth and acquisitions.

After a relatively busy April, the number of critically undercapitalized banks is down to just a handful. The pool of failure candidates could increase, but buyers should start looking elsewhere, industry observers say.

Two shareholders of MainStreet Bank (MNSB), in Herndon, Va., have reportedly asked investors to push for a sale of the $271 million-asset company.

Debt buyer Encore Capital Group Inc. announced first quarter results, including a 17% jump in gross collections from portfolio purchasing and recoveries.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America, Keycorp said in a press release Thursday.

Royal Bank of Scotland CFO Bruce Van Saun will replace Ellen Alemany as CEO of its U.S. business. He is preparing Citizens Financial for a partial IPO by 2015, though he said in an interview that he is open to "attractive" takeover offers.

First Citizens Bancshares (FCNCA) in Raleigh, N.C., reported a large increase in its quarterly earnings after the sale of a large portion of its processing-servicing business.

Executives from Citigroup, Goldman Sachs and ING U.S. were among the honorees at an annual awards ceremony hosted by Legal Momentum, a women's legal defense and education fund.

Look up in the sky! It's a bird. It's a plane. No, Regions Financial is adding two supersized signs to the Music City skyline.

A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud.

The $394 million-asset Broadway Financial said Wednesday that its Broadway Federal Bank recently sold $8.7 million in loans to an unnamed buyer for an undisclosed price.

Fifth Third Bancorp in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.

Executives at Heritage Commerce and Pacific Continental on the West Coast and Texas Capital Bancshares are catering to niche customers and building market share close to home instead of taking grand steps to expand.

Mega-banks are feeling pressure from shareholders and the public in ways that seemed unlikely even a few weeks ago.

Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.

A Missouri Senate committee defeated a bill that would have allowed casinos to extend credit to customers. The vote surprised supporters.

Shares of Bank of America (BAC) and Wells Fargo (WFC) have been on a roll in recent days and the New York attorney general's pledge Monday to sue the banking giants did nothing to slow their momentum.

Independent Bank Group in McKinney, Texas, was already a busy buyer. Now with nearly $90 million of fresh equity and a valuable stock, the bank is looking to more than double its size over the next five years.