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The $4.3 billion-asset company is seeking twice as much money as it did in December, when it came to the market to raise $75 million but couldn't drum up enough interest to complete the offering.
June 18 -
Simply put, experts respond, what goes down must come up. Florida was one of the first states to feel the pain of the crisis, and most analysts and private-equity groups see a bottoming out in the real estate and banking markets happening there before it occurs in similarly troubled states such as Arizona, California and Nevada, or in most of the other states in the Southeast.
June 18 -
PNC Financial Services Group Inc. has struck an ATM branding deal with Cardtronics Inc. The Houston automated teller machine operator said Thursday that PNC's brand would appear on the money machines it operates at all of Hess Corp.'s 230 service stations in Florida.
June 18 -
StellarOne Corp. of Charlottesville, Va., wants to raise up to $60 million in capital, mainly to improve its liquidity and capital, and to repurchase its Troubled Asset Relief Program investments.
June 16 -
Encore Bancshares Inc. of Houston has filed a shelf registration with the Securities and Exchange Commission to raise up to $75 million in capital.
June 16 -
A month after holders of trust-preferred securities scoffed at a heavily discounted exchange, Pacific Capital Bancorp in Santa Barbara, Calif., has agreed to raise its offer.
June 16 -
The $2.6 billion-asset Denver company said Tuesday that it had agreed to buy Legent Clearing LLC, an Omaha securities clearing firm, for $13 million in cash and $2.7 million in stock. The timing is noteworthy: United Western faces a June 30 deadline to raise capital at its thrift.
June 16 -
NASB Financial Inc. in Grandview, Mo., reported earnings of $3.2 million for the quarter that ended March 31, down 32% from a year earlier. The $1.4 billion-asset company announced the earnings late Monday, saying its second-quarter results were driven by increased credit costs.
June 15 -
CNB Financial Corp. in Clearfield, Pa., Tuesday announced the pricing of its $29.7 million common stock offering. The $1.2 billion-asset company said it will sell 2.9 million shares at $10.25 a share, a 10.6% discount to the company's closing stock price on June 8, the day before the capital-raising effort was announced.
June 15 -
MidFlorida Credit Union, one of the state's healthiest big credit unions, has agreed to acquire the troubled Bay Gulf Federal Credit Union in the latest in a series of large credit union mergers shaking up the market in the Sunshine State.
June 15 -
The $2.2 billion-asset company announced Tuesday that it has received $35 million of fresh capital through a private placement led by Aquiline Capital Partners LLC, a New York private-equity firm that includes former Wachovia Corp. Chief Executive Ken Thompson.
June 15 - Ohio
The Federal Deposit Insurance Corp. has once again pushed back the auction deadline on the $23 billion AmTrust servicing portfolio, National Mortgage News has learned.
June 15 -
Integra Bank Corp. has sold two Kentucky branches and more than $40 million in loans to Cecilian Bank as part of a plan to boost capital and reduce nonperforming assets.
June 14 -
Longtime Midwest banker Marty Adams is heading south on a rescue mission. The struggling TIB Financial Corp. in Naples, Fla., announced late Friday that Adams, former chief executive of Sky Financial Group, would join TIB to help it secure the $150 million it needs for a recapitalization.
June 14 -
WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.
June 11 -
The $200 million-asset bank announced Thursday that it will be rebranded American Perspective Bank after a settlement with an unidentified company in a trademark infringement case. That company agreed to shoulder a significant portion of costs associated with the California bank's name change as part of the settlement.
June 11 -
More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.
June 11 -
John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink last month by spearheading a $60 million investment.
June 11 -
BankAtlantic Bancorp Inc. of Fort Lauderdale, Fla., Thursday announced pricing for its $25 million rights offering. The $4.7 billion-asset company said it would sell shares to existing shareholders at $1.50 a share, a 21% discount to the stock's price on June 1, the day before the company announced the rights offering.
June 10 -
CNB Financial Corp. in Clearfield, Pa., expects to raise $27 million through a common stock offering.
June 10



