Location Root Tag

The $1.94 billion-asset company said its second-quarter profit rose 52%, to $3.1 million, or 15 cents a share, compared with earnings of $2.1 million, or 16 cents a share, a year earlier.

The opportunities to make bets on failed Nevada banks are dwindling, drawing out-of-state buyers into the market before the game closes.

Wilshire Bancorp Inc. in Los Angeles on Tuesday reported a $4.6 million second-quarter loss after selling off $48 million of nonperforming and delinquent loans.

After announcing preliminary results on credit-quality issues, Whitney Holding Corp. of New Orleans posted an $18 million net loss for the second quarter.

Hanmi Financial Corp. announced Tuesday that its net loss more than tripled, to $29.3 million, in the second quarter from a year earlier.

Nara Bancorp Inc. of Los Angeles reported that its loss more than doubled in the second quarter as a result of significant chargeoffs.

The $12.8 billion-asset company posted a loss of $818,000, or 1 cent a share, for the second quarter. The analyst estimate called for a 22-cent loss.

Chase Paymentech Solutions LLC will offer a New York startup's mobile coupon technology to its merchant customers under an agreement the companies recently finalized.

Capital Bank reported a net second-quarter loss of $594,000, which was an improvement of 43% compared with a year earlier.

Atlantic Southern Financial Group Inc. reported a $4 million net loss for the second quarter, compared with a $23.8 million loss a year earlier.

The Medford, Ore., company raised $18.7 million in a rights offering in March and $14.6 million in a public offering in April. Yet it warned when announcing its second-quarter results late last week that it needs even more capital to comply with an enforcement action.

Citizens Republic Bancorp in Flint, Mich., reported a considerably slimmer second-quarter loss, compared to a year earlier, when it released its results late Thursday.

WASHINGTON — Federal and state regulators shut seven banks late Friday, pushing the failure total this year to 103. Though the pace of failures briefly slowed earlier this month, it appears to be picking up momentum again, as Friday's failures followed six last week.

First Place Financial Corp. in Warren, Ohio, reported that it lost $13 million in the last quarter and cited unfavorable market conditions in canceling a stock offering.

Encore Bancshares Inc. in Houston said Friday that it lost $12.7 million in the second quarter, compared with net income of $821,000 a year earlier.

Profits grew faster than credit problems among the first batch of community banks to post second-quarter results — another tentative sign the sector is recovering.

The $10.6 billion-asset company's earnings were driven primarily by a $51 million gain stemming from a failed bank acquisition completed in the quarter, MB Financial said Thursday.

Cardinal Financial Corp. of McLean, Va., posted a 120% jump in net earnings in the second quarter compared with a year earlier, outpacing analysts' expectations.

Valley National Bancorp in Wayne, N.J., said Thursday that second-quarter net income more than tripled from a year earlier. The $14.1 billion-asset company earned $33 million, or 21 cents a share, compared with $9.2 million, or 6 cents a share, exceeding analysts' expectations.

First Niagara Financial Group Inc. in Buffalo reported a 75% increase in second-quarter net income Thursday.The $20.5 billion-asset company boosted earnings to $20 million, or 10 cents a share, from $11.4 million, or 8 cents a share, in the second quarter of 2009.