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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.

A regulatory maneuver rarely used since the savings and loan crisis has saved Family Federal Savings of Illinois in the nick of time.

Pinnacle Financial Partners Inc. in Nashville said Wednesday that it lost $27.8 million in the second quarter after reducing the value of some deferred tax assets.

Southwest Bancorp Inc. in Stillwater, Okla., posted a 31% decline in second-quarter net income compared with a year earlier.

Community National Bank in Great Neck, N.Y., announced it has raised $18 million in capital in its secondary common stock offering.

Atlantic Coast Federal Corp.'s credit quality is on the mend as the Waycross, Ga., company approaches its second-step conversion.

The financial reform bill slated for enactment today has nudged a staid Midwestern thrift to get bigger and take more risks.

North American Financial Holdings, a group formed by former Bank of America Vice Chairman Eugene Taylor, sealed deals to buy 3 failed banks in the Southeast late Friday.

Webster Financial Corp. in Waterbury, Conn., on Friday said second-quarter earnings declined 24.2% from a year earlier. The $17.7 billion-asset company had net income of $12.7 million for the quarter, dropping from $16.8 million.

Second-quarter earnings at Ohio Valley Banc Corp. in Gallipolis, Ohio, rose 5.4% from a year earlier to $1.47 million. The $823.7 million-asset company said Thursday the quarterly earnings were driven by an increase in average-earning assets and net interest margin. For the first half, Ohio Valley's net income dropped 2% year over year to $3.3 million.

After raising $172.9 million of capital in nine months, West Coast Bancorp said regulators have terminated the cease-and-desist order under which it had been operating.

NetSpend joins Green Dot as the second prepaid card company planning to go public this year, potentially setting valuation benchmarks for this maturing market.