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Patriot National Bancorp Inc., in recently sizing up two suitors, ultimately chose a creative option that will reward shareholders based on future results rather than a rival deal providing a higher up-front share price.

Banner Corp. in Walla Walla, Wash., terminated a common stock offering Friday, citing "current market conditions."

Seven failed banks holding a combined $14 billion in assets failed Friday in what was yet another busy night for the Federal Deposit Insurance Corp.

OceanFirst Financial Corp. in Toms River, N.J., is nixing its plan to buy the $578 million-asset Central Jersey Bancorp because of a delay in getting regulatory approval.

The selling spree at Capitol Bancorp continues. The company announced Thursday that it has a definitive agreement to sell Mountain View Bank of Commerce in Colorado ...

A few companies are trying to get the government to convert its preferred shares to common ones, but Superior Bancorp in Birmingham, Ala., had an even better idea, one widely expected to inspire imitators.

The Fed on Tuesday released an agreement with 1st Pacific Bancorp of San Diego, and the company's subsidiary, 1st Pacific Bank of California.

Despite raising nearly $620 million in capital this year, Flagstar Bancorp announced that it will be turning to shareholders for as much as $500 million through a rights offering.

The troubled Amcore Financial Inc. in Rockford, Ill., announced Monday that it sold $135 million of loans. The now $4 billion-asset company said in a press release that the loans were not strategic or relationship oriented.

Self-Help Federal Credit Union in Oakland has asked California regulators for permission to acquire the struggling El Futuro Credit Union in Porterville.

Capital Bank Corp. of Raleigh said Monday that it has a letter of intent to sell a 9.9% stake to Patriot Financial Partners LP, a private-equity firm in Philadelphia, as part of an offensive capital raise.

Patriot Bancshares Inc. in Houston has canceled its deal to buy the $497 million-asset Texas Community Bank in The Woodlands, Texas, the Houston Business Journal reported Friday.

WASHINGTON — Regulators closed three more banks Friday evening to bring the year's failure total to 133.

Wescom Central Credit Union in Pasadena, still struggling with the Southern California recession, said last week that it plans to shutter another eight branches.

The National Credit Union Administration last week approved the second new credit union charter this year, for East Side Development Alliance Federal Credit Union in Queens, N.Y.

Pacific West Bank of West Linn., Ore., has restated its results for the second quarter to show a net loss more than five times the loss originally reported.

MidSouth Bancorp Inc. in Lafayette, La., is looking to raise as much as $34.5 million in fresh capital, and it may use it to make acquisitions.

Like so many others, East Carolina Bank in Englehard, N.C., wants to increase revenue and market share. But it is going about it in a new way.

Central Pacific Bank is quitting California. The Honolulu unit of Central Pacific Financial Corp., which has suffered heavy losses on West Coast construction loans, said Thursday that it would wind down operations there by 2012.

When a group of would-be bank organizers recently landed a small Florida institution, they were foreshadowing the near-term future of industry M&A.