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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.

Florida Bank Group Inc. said Thursday that it has agreed to acquire Anderen Financial Inc. The $843 million-asset parent company of Florida Bank will acquire Anderen, of Palm Harbor, Fla., with $150 million of assets, and its subsidiary, Anderen Bank, in an all-stock transaction.

Its keys to success have been an adherence to a strategy of courting customers disenchanted with their current bank, and the willingness to adapt to the changed banking landscape.

People's United Financial in Bridgeport, Conn., is on a shopping spree up and down the Northeast. The $22 billion-asset company announced late Thursday that it reached agreements to buy Smithtown Bancorp in Hauppauge, N.Y. and LSB Corp. in North Andover, Mass. Both are contiguous to People's United's existing market.

Republic Bancorp Inc. reported a 22% jump in second-quarter net income compared with a year earlier, and growth in its tax-refund business generated more than half its earnings, the company announced Thursday.

Suffolk Bancorp in Riverhead, N.Y., reported Thursday that second-quarter earnings fell 16% from a year earlier, to $4.8 million.

Malaga Financial Corp. in Palos Verdes Estates, Calif., reported record earnings Thursday for the second quarter and first six months of 2010.

The $95 million-asset Grandpoint Capital Inc. in Los Angeles said Wednesday that it had signed an agreement to acquire the $336 million-asset First Commerce Bancorp in Encino, Calif.

BancFirst Corp. in Oklahoma City announced Wednesday it is acquiring Union National Bancshares Inc. Through the deal, the $4.5 billion-asset BancFirst will pick up $135 million in assets, including $86 million in loans, from Union National.

The $11.6 billion-asset company announced late Tuesday that it is expecting to record a loan-loss provision of $57 million to $62 million, primarily stemming from credit problems in Florida and worsening credit quality in Louisiana and Texas.