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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.

High-ranking executives at First Horizon National, Comerica and U.S. Bancorp said they're on the prowl for failed-bank deals that could extend them into new markets or make them stronger in places where they already have a presence.

Bank of Miami said Wednesday that it has gained more than $11 million of capital this quarter. The $608 million-asset bank in Coral Gables, Fla., said it sold $2.5 million of trust-preferred securities in a private placement with its shareholders and realized a $9 million tax benefit.

MB Financial Inc. in Chicago said it has approved large salary increases for its two highest-paid employees, because as a participant in the Troubled Asset Relief Program it cannot continue to pay them bonuses.

Starting Jan. 1 institutions that are less than well-capitalized must comply with new restrictions on deposit rates. They will not be allowed to pay more than 75 basis points over a national average calculated by the Federal Deposit Insurance Corp.

On Tuesday, the $1.5 billion-asset company filed a registration statement that would allow it to raise up to $20 million by extending rights to its shareholders to buy new common shares.

For Vikram Pandit, Tuesday will provide a momentary break from the harsh spotlight steadily focused on Citigroup Inc., and a chance to turn the focus to his institution's less traditional lending efforts in underserved communities.

First Niagara Financial Group will lend up to $50 million as part of a recapitalization plan that will make Harleysville National Corp. and its bank subsidiary well-capitalized.

A month after announcing plans to raise $20 million, Emclaire Financial Corp. in Emlenton, Pa., has called off its stock offering.

Midwest Banc Holdings Inc. is the second company in less than a week to suggest there could be some government relief forthcoming for those that received funds through the Troubled Asset Relief Program, but are now struggling.

Less than a week after its parent's bankruptcy filing, Cleveland-based AmTrust Bank failed Friday at a cost of $2 billion to the government.

Less than a week after its parent's bankruptcy filing, Cleveland-based AmTrust Bank failed Friday at a cost of $2 billion to the government.