Location Root Tag

Xerox Corp. said Monday it has completed its roughly $6.4 billion acquisition of Affiliated Computer Services Inc., an outsourcer that, among other things, processes credit card applications for issuers.

Prosperity Bancshares Inc. in Houston announced Monday that it would acquire the 19 branches, including deposits of $500 million and assets of $100 million, from First Banks for a 5.5% deposit premium, or $27.5 million.

First Southern Bancorp has raised about $400 million to acquire failed banks in the south Florida market. Along with the capital, the company added some well-known bankers.

Albina Community Bancorp in Portland, Ore., Friday reported losing $1.8 million in the fourth quarter, compared with a $60,000 loss for the same period in 2008.

DNB Financial Corp. in Downington, Pa., Friday reported fourth-quarter earnings of $573,000 compared with a loss of $230,000 for the year-earlier quarter.

Bank of Granite Corp. of Granite Falls, N.C., said Wednesday that the Nasdaq stock market notified it that it now complies with the exchange's listing rules.

Capitol Federal Financial of Topeka, Kan., reported Thursday that its fourth-quarter profit rose 32% year over year, to $21 million.

A Chicago entrepreneur is suing the Federal Deposit Insurance Corp. to win back capital he invested in a bank in the months before it failed.

First Mariner Bancorp's sale of its consumer finance arm hurt its quarterly results, but boosted capital.

With more bank failures expected in the Pacific Northwest, Umpqua Holdings Corp. in Portland, Ore., announced late Tuesday that it plans to raise $215 million in new equity that could be used to buy failed banks.

Talk about a strange brew. Cathay General Bancorp in Los Angeles was hit by an enforcement action in December, tapped the equity markets this week and is now contemplating expansion.

East Texas Financial Services Inc. in Tyler has agreed to be acquired for $23.5 million by a company owned by one of its board members.

After three consecutive years of losses directly related to residential real estate, Flagstar Bancorp Inc. of Troy, Mich., is looking to diversify its portfolio in 2010.

Texans wrote fewer checks for purchases in 2009 than in 2008, instead using their debit and credit cards.

Citizens Republic Bancorp Inc. in Flint, Mich., announced Monday that it has agreed to sell its F&M Bank subsidiary in Des Moines for $50 million in cash to Great Western Bank, a Sioux Falls, S.D., unit of National Australia Bank.

Fourth-quarter earnings reports from small and midsize banking companies showcase some favorable trends, notably that credit deterioration appears to be stabilizing and deposits have bloomed on many balance sheets.

WASHINGTON — For the second Friday in a row, the Federal Deposit Insurance Corp. relied on new-bank capital to find homes for the operations of failed institutions.

Glacier Bancorp Inc. of Kalispell, Mont., said Friday that its fourth-quarter net earnings fell 44% from a year earlier, to $9.5 million.

Harleysville National Corp. of Pennsylvania announced Friday that its fourth-quarter net income fell 26% year over year, to $2.8 million.

The $11 billion-asset company reported a net loss available to shareholders of $15.7 million, compared with a $69.4 million for the fourth quarter of 2008.