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There's a new wrinkle in the latest round of recapitalizations: The only way for the banks involved to win is for taxpayers to lose.

Rep. Darrell Issa, the lead Republican on the House Oversight and Government Reform Committee, is asking the Federal Deposit Insurance Corp. to explain why it waited so long to close a bank owned by the family of a candidate for the U.S. Senate.

Flagstar Bancorp Inc. of Troy, Mich., reported Wednesday that its first-quarter loss widened to $82 million from $67.4 million a year earlier. Yet the $14.4 billion-asset company still managed to raise $576.7 million of fresh capital, which analysts said will enable it to ride out persistent credit-quality issues.

After slamming on the brakes in 2006, Wintrust Financial Corp. in Lake Forest, Ill., is revving its growth engine once more. The $12.8 billion-asset company on Friday purchased two of the seven banks that failed in the Chicago area the same day.

Cool. Hip. Fresh. These words are rarely used to describe traditional retail banking. But that's how some experts have referred to Mango Financial Inc., a start-up targeting underbanked consumers. The company is raising eyebrows with its sleek, colorful flagship store in Austin, a plan to build similar outlets around the country, and a paid-membership model designed to encourage customers to use Mango over the long term.

The struggling First State Bancorp. in Albuquerque narrowed its first-quarter loss by 36% from a year earlier, to $15.7 million, as it cut its credit costs by half.

Six weeks after scrapping a long-delayed deal, Republic First Bancorp Inc. in Philadelphia is looking to raise more capital.

The Chicago company said Monday that its loans declined slightly in the first quarter as it struggled to find new qualified borrowers and focused its attention on resolving the troubled loan portfolio that has dogged it in the past two years.

The National Credit Union Administration took St. Paul Croatian Federal Credit Union under conservatorship on Friday because of the $250 million-asset institution's declining financial condition.

TierOne Corp. of Lincoln, Neb., announced late Sunday that its independent auditors had resigned and had warned TierOne that some of its past financial statements are inaccurate.

Old National Bancorp in Evansville, Ind., returned to profitability in the first quarter after a rough fourth quarter.

First Niagara Financial Corp. said Monday that its first-quarter earnings rose 51.6%, to $32.6 million.

BankUnited Financial Corp. has countersued the Federal Deposit Insurance Corp. in the fallout from one of the costliest failures of the financial crisis — that of Florida's BankUnited FSB.

Wilmington Trust Corp. swung to a worse-than-expected first-quarter loss on still more credit deterioration at the banking and trust-services provider.

WASHINGTON — Regulators closed Chicago-area Amcore Bank late Friday, putting the $3.8 billion-asset institution out of its misery on a night when six other institutions in and around the Windy City also failed.

SCBT Financial Corp. of Columbia, S.C., said its first-quarter earnings skyrocketed, largely as a result of its acquisition of the failed Community Bank and Trust in Cornelia, Ga.

TCF Financial Corp. reported its 60th consecutive quarterly profit last week in spite of worries that new limits on overdraft fees could hit the $18.2 billion-asset company particularly hard.

While it is not unusual to see a bank exhort its employees to help lobby on legislation, USAA Federal Savings Bank has taken it one step further by enlisting its 7.2 million customers.

MidSouth Community Federal Credit Union in Macon, Ga., is the latest credit union to take advantage of the growing inventory of bank branches on the market, agreeing to acquire two branches of the failed Security Bank from the Federal Deposit Insurance Corp.

Webster Financial Corp. of Waterbury, Conn., said Thursday that it recorded a $6.1 million first-quarter loss after repaying $100 million of a $400 million investment from the Troubled Asset Relief Program.