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Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

Porter Bancorp Inc. of Louisville, Ky., said Thursday that its shareholders approved several changes related to a stock conversion that will help complete two private placements totaling $31.3 million in capital.

Security California Bancorp in Riverside has raised $20 million in a private placement of its common stock to refuel its subsidiary, Security Bank of California.

When Tower Bancorp Inc. of Harrisburg, Pa., acquires First Chester County Corp., it will utilize a provision that lowers the price of the deal if the seller's delinquencies rise. Such provisions have become more common in deals in the Northeast as buyers seek to minimize their risk, but this is the first time a seller has crossed the threshold.

Cascade Bancorp in Bend, Ore., has been given another two weeks to find the additional capital its lead investors are requiring.

The $355.7 million-asset company in Monessen, Pa., said Thursday that it has sold enough common stock — 1.7 million shares — to complete its conversion from a mutual holding company to a stock holding company.

In the year or so that BankUnited has hired lenders away from Florida rivals, its recruits have laid the foundation for a major branch expansion across the state.

Goldwater Bank in Arizona has agreed to forfeit $733,804 to resolve a claim from U.S. officials that the money was involved in illegal online gambling.

Northeast Bancorp of Lewiston, Maine, announced it is giving its shareholders more time to submit election forms on a proposed acquisition of FHB Formation LLC, an investment entity formed to inject capital into Northeast.

Northfield Bancorp Inc. in Avenel, N.J., said Wednesday that shares of its common stock will be sold in a syndicated community offering as part of its mutual-to-stock conversion.

PremierWest Bancorp in Medford, Ore., said Tuesday that Nasdaq gave it more time to comply with the market's listing requirements.

Flagstar Bancorp Inc. of Troy, Mich., is reportedly hoping to raise $600 million in capital through its majority owner, MatlinPatterson Global Advisors.

A prompt corrective action directive is often a sign of grim times, but for AnchorBank in Madison, Wis., the order is serving as a guide as it fights to survive.

The Federal Reserve issued enforcement actions Tuesday against the bank holding companies First Security Group Inc. and Butte State Co.

Capital Bank Corp. of Raleigh, which has announced plans to raise 34.5 million shares in a public offering, said it expects some improvement in its credit quality in the third quarter.

Louisiana Bancorp Inc. in Metairie said Tuesday that it will initiate its 10th stock repurchase program. The $327.7 million-asset company also said it completed its ninth repurchase program, acquiring 210,406 shares, or 5% of its outstanding common stock.

Under the heat of a regulatory order, Tri-Valley Bank in San Ramon, Calif., said Monday that a group of investors has agreed to purchase $10 million of the bank's common stock.

UBS' Americas wealth management division continued its hiring spree, adding million-dollar producers in New York and Houston.

Harrington West Financial Group Inc. has filed for bankruptcy nearly a month after federal regulators took over its subsidiary and principal asset, Los Padres Bank.

USA Federal Credit Union, a small credit union chartered to serve Navy personnel in the San Diego area, said Monday it will be bought by Navy Federal Credit Union, one of several bidders for the ailing institution.