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The $667 million-asset bank, in danger of failing with more than 10% of its assets not performing, was under orders from the Federal Deposit Insurance Corp. to more than double its leverage ratio by early February and then take it up another notch by March 8. But the agency gave the Korean-focused subsidiary of Saehan Bancorp more time, and after several false starts, the bank raised $60.5 million.

ShoreBank Corp. in Chicago announced Wednesday that veteran Chicago banker David Vitale is set to become its executive chairman should it raise the capital it needs.

First Financial Services Corp. in Hendersonville, N.C., reported a $9.9 million fourth-quarter loss, six times the $1.6 million loss it posted in the same period a year earlier.

Sterling Bancorp in New York has priced its public offering and increased the number of shares the company will offer.

Gary L. Nalbandian, the Harrisburg, Pa., company's president and chief executive, said it will expand organically after its bid for Republic First Bancorp Inc. in Philadelphia collapsed.

Rev Worldwide, a prepaid card marketer that targets underserved markets in India, Romania, Kosovo, Australia and Mexico, is now making plans for the U.S. market.

Metro Bancorp in Harrisburg, Pa., has called off plans to buy Republic First Bancorp in Philadelphia.

Capitol Bancorp Ltd. said Monday that it has a stock redemption agreement with USNY Bank to sell its 51% interest in the $64 million-asset bank.

S.Y. Bancorp Inc. in Louisville announced revised fourth-quarter and full-year results after discovering a fraud-related problem loan.<

In recent weeks some bank stocks have been delisted for failing to meet the market's $1 minimum bid price requirement, and as Nasdaq cracks down, other banks are choosing to delist voluntarily before they get kicked out.

Flagstar Bancorp in Troy, Mich., announced Monday that it is raising additional capital a month after an effort to raise funds from existing shareholders came up short.

Mississippi Attorney General Jim Hood's office charged that a Texas couple bilked a Mississippi family out of $13,000 by claiming to be a debt settlement company.

Fiserv Inc. said Monday that American Bank of Texas in Sherman has begun using its ReserveLink deposit reclassification system.

WASHINGTON — The government closed state-chartered banks in New York, Florida and Louisiana late Friday to bring the year's failure tally to 30.

Cardinal Bankshares Corp. of Floyd, Va., announced Friday that earnings declined 64.7% in 2009.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.

Fox Chase Bancorp Inc. in Hatboro, Pa., has become the latest converted mutual to announce a second-step conversion.

The Bancorp Inc. of Wilmington, Del., said last week it has repaid the $45.2 million it received through the Troubled Asset Relief Program.

The U.S. earned $11.15 million in its latest auction of warrants obtained from institutions that were once part of its $700 billion financial company rescue program.

WASHINGTON — State regulators shut $209.7 million-asset LibertyPointe Bank of New York, a rare move for a Thursday evening that usually indicates a bank's condition was deteriorating rapidly.