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A day after financial companies banded together to rescue ShoreBank in Chicago with a $140 million investment, two Republican lawmakers are asking President Obama about his involvement.

Charter Financial Corp. of West Point, Ga., has opted for a road less traveled after shareholders balked at its plan to convert to a fully public company.

The Treasury Department said it expects to make $5.4 million from the sale of warrants to purchase common stock of Valley National Bancorp in Wayne, N.J.

Two already troubled community banks recorded additional first-quarter losses this week in revising their results after re-evaluating problem loans.

The lifeline that ShoreBank in Chicago has been thrown by some of the nation's largest financial companies could turn out to have benefits for other community development banks.

As a similarly named neighbor was being taken over by regulators, First Midwest Bancorp Inc. decided to assert its strength.

Expansive, diverse and home to many wealthy people, Southern California is a tantalizing market for BNY Mellon Wealth Management.

Despite aggressive efforts to stay alive, Midwest Bank and Trust was closed late Friday by Illinois regulators. The failure of the Chicago-area bank came on a night when the FDIC ...

NASHVILLE — For community bankers trying to figure out how they will make money going forward, the next six months are pivotal. That is the time to acknowledge and fix asset-quality problems and line up capital to finance expansion when the economy recovers.

Bryn Mawr Bank Corp. in Pennsylvania has announced plans to raise about $25 million in capital as it considers acquisitions.

Bank of Granite Corp. of Granite Falls, N.C., said last week that its bank unit is undercapitalized.

Cherokee Banking Co. of Canton, Ga., has reached an agreement with the Federal Reserve stipulating that it cannot declare dividends without prior approval from the central bank.

Harris Financial Corp. of Chicago, which acquired the failed Amcore Bank of Rockford, Ill., last month, said it is opening a private banking office in Rockford to be headed by an Amcore executive.

Continental Bank Holdings Inc. of Plymouth Meeting, Pa., announced Thursday that it has agreed to buy First Resource Bank of nearby Exton, Pa., for about $8 million.

Integra Bank Corp. of Evansville, Ind., reached an agreement with the Federal Reserve requiring it to secure approval before taking on debt or paying dividends.

Capitol Bancorp Ltd., which is trying to harvest capital by selling its unit banks, reported that it was undercapitalized by at least one measure at the end of the first quarter.

Though it is still addressing significant credit issues, Saehan Bancorp in Los Angeles appears to be on the upswing.

For months now, private-equity executives and bankers have been in opposing camps in the battle for struggling banks. But Jacksonville Bancorp Inc. in Florida showed this week that it's sometimes better to recruit a rival than fight it.

Four small banks totaling $730 million in assets were closed late Friday on a relatively light evening for the Federal Deposit Insurance Corp.

New England Bancshares Inc. swung to a profit of $700,000 for its fiscal fourth quarter, compared with a loss of $1 million a year earlier, as net interest income improved and credit costs fell.