Location Root Tag

A small mutual thrift in Maryland has won approval from state and federal regulators to convert to a publicly traded company.

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

The Office of the Comptroller of the Currency closed Lydian Private Bank in Palm Beach, Fla., on Friday. The $1.7 billion-asset bank is the 10th bank to fail in Florida this year.

Dearborn Bancorp in Michigan may need to restate its earnings for the quarter that ended June 30 pending the results of its latest examination by the Federal Deposit Insurance Corp.

Great Southern Bancorp Inc. of Springfield, Mo., has received $57.9 million from the Treasury Department's Small Business Lending Fund and will use the proceeds to exit the Troubled Asset Relief Program.

The banking crisis in Georgia has spread to the state capital, as several lawmakers, including the governor, have personal ties to some of the state’s failed banks.

Meridian Bank is finally making money again after three years of heavy losses.

Hampton Roads Bankshares Inc. in Norfolk, Va., announced Thursday that its president and chief executive officer, John A.B. "Andy" Davies has resigned to return to his management consulting practice.

Under pressure from its largest shareholder to beef up its capital base, Polonia Bancorp in Huntingdon Valley, Pa., has announced that it is planning to become a 100% stock-owned company.

Former top executives at LaSalle Bank are looking to start a bank that would acquire the assets and deposits of failed banks in and around Chicago.

MidSouth Bancorp Inc. in Lafayette, La., has agreed to buy a branch in Tyler, Texas, from Beacon Federal Bancorp Inc.

Access National Corp. in Reston, Va., said Wednesday that it rejected the Treasury Department's offer of $28 million in capital through the Small Business Lending Fund.

Seacoast Banking Corp. of Florida if finally current on dividends tied to the Troubled Asset Relief Program after missing nine payments to the Treasury Department.

Parkvale Financial Corp. in Monroeville, Pa., said late Tuesday that it plans to restate financial information for two fiscal years to correct an error tied to deposit insurance.

Investors Bancorp doesn't plan to stop with its deal for Brooklyn Federal. The Short Hills, N.J., mutual thrift would like to do "one or two more" before converting to an all-stock company.

Patriot National Bancorp Inc. in Stamford, Conn., saw its losses widen during the second quarter compared to a year earlier, due largely to expenses associated with a turnaround plan.

Profits at State Bank Financial in Atlanta said its second-quarter profit fell 10% from the same period last year as gains in interest income were offset by higher expenses and an increase in its loan-loss provision.

Mercantile Bancorp once believed that its bank in sleepy Quincy, Ill. was not enough. Now, that bank might hold the key to the company's survival.

The Federal Reserve on Tuesday announced that it has reached a written agreement with Coastal Bankshares Inc. in Savannah, Ga.

After initially warning investors that it expected to report a loss of $4.6 million in the second quarter, Wilshire Bancorp in Los Angeles now says that it turned a $2.1 million profit.