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ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.

While many banks have watched their earnings erode in recent years, Greater Hudson Bank in Middletown, N.Y., is bucking the trend — it first became profitable last year and has reported its fifth consecutive quarterly profit.

PAB Bankshares Inc. in Valdosta, Ga., said late Wednesday that it had withdrawn plans to raise $80 million in a common stock offering "due to changing market conditions."

Western Alliance Bancorp. on Thursday priced its public offering of 7 million shares at $6.25 a share, an 8.5% discount to Wednesday's closing price.

One major question about First Niagara's deal to buy NewAlliance remains unanswered: what role Peyton Patterson, the seller's chief executive and one of the most prominent bankers in New England, will play in the post-merger company.

The market is only gelling for buyers and sellers that meet some rather stringent criteria.

Sitting on a pile of cash from an initial public offering six years ago, NewAlliance Bancshares seemed poised to make a big acquisition. So it came as a surprise to many in the banking world Thursday when the company announced that it is being acquired by First Niagara Financial Group for $1.5 billion in a deal that would create one of the top 25 U.S.-based commercial banks.

Grandpoint Capital Inc. struck again this week, announcing two bank deals with Capitol Bancorp Ltd., which brings to four the number of acquisitions Grandpoint has announced in the past two months.

Capitol Bancorp Ltd. in Lansing, Mich., said it reduced its loss in the second quarter to $41 million, compared with a $47.9 million loss a year earlier.

The $1.2 billion-asset company on Monday posted a $21 million loss, compared with a loss of $5.3 million in the first quarter, and net income of $342,000 a year earlier.

Less than two years after it became the first "blank-check" acquirer to take over failed banks, Community Bankers Trust Corp. is reeling.

The Federal Reserve announced an enforcement action Monday against First Banking Center Inc. to ensure that the bank is adequately capitalized.

Community Financial Shares Inc. in Glen Ellyn, Ill., reported a steeper loss, $2.8 million, in the second quarter than the $446,000 a year earlier and blamed loss provisioning.

Superior Bancorp in Birmingham, Ala., said its net loss widened significantly in the second quarter, largely because of a huge boost in its provision for loan losses.

Montana's banks are struggling with weak loan demand and delinquent construction loans. Yet this summer they're getting a much-needed buffer from tourists, whose dollars are flowing into communities near the state's two bustling national parks.

Transaction Network Services Inc. said Monday that it will supply gateway services for Continental Airlines Inc. to process payments for reservations made online.

Cardtronics Inc. said Monday that Scotiabank Group has agreed to put its name on 200 automated teller machines owned and operated by Cardtronics.

BankUnited is planning an initial public offering 15 months after the Florida lender collapsed and was acquired by investors including Carlyle Group and WL Ross & Co., according to people with knowledge of the matter.

WASHINGTON — Illinois regulators closed the $493 million-asset Palos Bank and Trust Co. late Friday, the 110th failure of the year.