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

Saehan Bancorp's net loss narrowed sharply in the second quarter while asset quality and net interest margins improved.

FGBC Bancshares Inc. in Franklin, Ga., has entered into a consent order with state regulators requiring it to boost capital ratios.

Center Financial Corp. said Friday that it revised its first-quarter results, posting a net loss rather than a profit, because of a stock conversion completed in March.

If ShoreBank is trying to get open-bank assistance, as some media outlets have reported, the undercapitalized lender's odds of success are long.

First Chester County Corp. in West Chester, Pa., announced its first-quarter financial results this week, more than four months after the quarter ended.

Columbia Banking System Inc. in Tacoma, Wash., has repaid the $76.9 million it received under the Troubled Asset Relief Program.

Alliance Bancorp Inc. in Broomall, Pa., is planning a second-step conversion, whose proceeds it said would help fund growth.

The $72 million-asset bank announced late Tuesday that last month it sold $1.7 million, about a quarter of the $6.9 million of nonperforming assets it had at the end of the second quarter. An additional $907,000 of nonperformers are expected to close this month.

The three-year-old Solera National Bancorp Inc. in Lakewood, Colo., has struck its first acquisition deal. The $140 million-asset company announced Wednesday that it has entered into an agreement to buy the Lakewood branch of Liberty Savings Bank, a $1.1 billion-asset thrift in Wilmington, Ohio.

The Securities and Exchange Commission wants information about the credit standards at CVB Financial Corp. in Ontario, Calif. The $6.8 billion-asset company disclosed in its quarterly filing on Monday that it received a subpoena from the SEC on July 26.

The Pennsylvania State Employees Credit Union in Harrisburg has deployed mortgage software from S1 Corp., a Norcross, Ga., developer of financial technology.

Sabadell United Bank has completed its merger with TransAtlantic Bank, making it the fourth-largest Florida bank based in Miami-Dade County.

NexBank of Dallas has launched a mortgage warehouse lending division, offering lines of credit of up to $10 million to nondepositories.

Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

WASHINGTON — Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

Several banks are actively looking to expand in the Georgia capital, viewing it as a market that will inevitably rebound from its malaise of the past three years.

Summit Financial Group Inc. in Moorefield, W.Va., said Friday that it narrowed its second-quarter loss 14.5% from a year earlier.

Territorial Bancorp Inc. of Honolulu posted a 43.5% increase in second-quarter net income from a year earlier, to $3.2 million.

With dwindling capital and a plan to buy an ancillary business, United Western Bancorp's capital-raising plans are of particular importance to analysts following the company.