Location Root Tag

Time ran out on Corus Bank late Friday as regulators closed the once-high-flying Chicago condominium lender and sold its operations to another institution.

Wilshire Bancorp Inc. in Los Angeles has filed a shelf registration to raise up to $100 million of capital.

Premier Members Federal Credit Union in Boulder, Colo., which has an agreement to absorb Colorado United Credit Union in Denver, said it expects to pursue more deals.

The struggling Park View Federal Savings Bank of Solon, Ohio, must boost its capital levels by yearend, and it has a new chief executive officer on board to help.

Global Consumer Acquisition Corp.'s grand plan to build one of the largest community banking operations is back on track with a deal to buy Service1st Bank of Nevada in Las Vegas.

Absorbing Texas Community would increase Patriot's asset size by nearly half, to $1.67 billion, making it the 10th largest privately held banking company in the state.

The New York blank-check company said Wednesday that it signed a letter of intent to buy the $204 million-asset Service 1st Bank of Nevada in Las Vegas.

Merrill Lynch & Co. has agreed to pay $26.5 million in a national settlement stemming from Texas' claims that the brokerage allowed sales assistants to sell securities without being properly registered, said State Securities Commissioner Denise Voigt Crawford.

At least two community banking companies announced plans Tuesday to raise capital, some of which may be used to repay government capital.

UCBH Holdings Inc.'s troubles have deepened, as the San Francisco company ousted its chief executive of 18 years and another top manager amid allegations of fraud. The $13.8 billion-asset UCBH, which caters to Chinese immigrants, said an investigation by its board found that "certain bank officers" had tried to disguise credit problems and misled the company's finance department and outside auditors.

WASHINGTON — Federal and state regulators shut five banks in Iowa, Missouri, Arizona and Illinois late Friday, raising the number of failures this year to 89.

TierOne Corp. in Lincoln, Neb., announced Friday that it plans to shrink its assets by a quarter through a branch sale to Great Western Bank, the Sioux Falls, S.D., unit of National Australia Bank.

Jay Kislak, chairman of the real estate investment company J.I. Kislak Inc., has applied to receive a shelf charter from the Office of the Comptroller of the Currency.

Regulators closed the $452 million-asset Bradford Bank in Baltimore on Friday. It was a mutual bank owned by the holding companies Bradford Bank MHC and Bradford Mid-Tier Co.

Cascade Bancorp in Bend, Ore., needs to raise about $100 million by one estimate, and the task just took on more urgency.

Federal regulators have given the struggling First Federal Bankshares Inc. in Sioux City, Iowa, until the end of September to raise the capital levels at its Vantus Bank unit.

Town Center Bank is practically giving itself away. In a deal with more than one unusual twist, it plans to sell itself for no more than the bad loans on its books.

The National Credit Union Administration seized the tiny Free Choice Federal Credit Union in Philadelphia on Friday, bringing the number of credit union failures this year to 12.

Coastal Banking Co. of Beaufort, S.C., has entered into a formal agreement with regulators to reduce its risky assets.

Only three mutual thrifts have succeeded in going public so far this year, but the conversion market is starting to pick up, with two large deals on the way.