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In what would be the biggest credit union merger to date, Addison Avenue Federal Credit Union and First Tech Credit Union have announced an agreement to combine and create a credit union with almost $5 billion of assets.

MetroCorp Bancshares Inc. in Houston announced a revision to its fourth-quarter results, widening its loss largely as a result of additional loan-loss provisioning.

Heritage Oaks Bancorp in Paso Robles, Calif., said it plans to raise $60 million through a private placement of preferred shares.

PAB Bankshares Inc. in Georgia says it plans to raise $85 million through a common stock offering.

Tower Bancorp Inc. in Harrisburg, Pa., doesn't mind taking on the problem assets of First Chester County Corp., but it wants no part of its mortgage business.

EDIE's been part of the Gulf Coast Educators Federal Credit Union for decades, and she's getting a makeover that will make her a fixture in the credit union and its public persona for years to come.

The Federal Reserve is requiring Idaho Bancorp to submit a plan to maintain sufficient capital.

The closing of the sale of Harleysville National Corp. to First Niagara Financial Group of Buffalo has been pushed back.

FirstMerit Corp. of Akron, Ohio, will need sharp elbows as it expands into the city of broad shoulders.

Comerica Inc. priced its planned sale of at least $800 million in stock at a 3.6% discount to Monday's closing price, and plans to use the money to help repay the Treasury Department's $2.25 billion investment.

The Federal Reserve Board gave the $200 million-asset Horizon Bank a narrow time frame to raise capital or find a buyer.

TIB Financial Corp. of Naples, Fla., said its fourth-quarter loss widened to $45.1 million from $13.2 million a year earlier.

Susquehanna Bancshares Inc. of Lititz, Pa., announced it is raising as much as $395 million in capital and said it could use some of the money to repay the Treasury Department.

With so many banks ailing, use of the Texas ratio, a quick way of assessing capital adequacy, has returned to the forefront of bank analysis.

A group of Tribune Co. creditors sued the banks behind the publisher's 2007 leveraged buyout, claiming the $8 billion in loans they arranged for the deal doomed the company to bankruptcy.

With rates near all-time lows and costs still rising, it has become so difficult for credit unions to earn a positive spread for their members that Nevada Federal Credit Union is paying members to take their money elsewhere.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Like many community banking companies striving to protect capital against a rising tide of problem assets, Integra Bank Corp. in Evansville, Ind., is making some tough choices.

Wintrust Financial Corp. in Lake Forest, Ill., on Thursday announced pricing for a common stock offering expected to raise at least $183 million of fresh capital.