Location Root Tag

Though it already has a fat tangible common equity ratio, PacWest Bancorp in San Diego is piling on even more capital with an eye toward buying failed institutions.

Virginia Business Bank in Richmond agreed to submit written plans to the Federal Reserve Board and the Virginia Bureau of Financial Institutions detailing how its board plans to enhance oversight of the bank while also retooling its operations.

Lorain National Bank selected VINtek in December and began implementation earlier this year of the vendor's electronic lien and title technology.

Guaranty Bank, a $13.5 billion-asset Austin thrift, failed on Friday and was scooped up by a Spanish-owned bank.

Appalachian Bancshares Inc. in Ellijay, Ga., is warning that it might be unable to survive. In belatedly filing its second-quarter results with the Securities and Exchange Commission this week, the $1.2 billion-asset company said that its bank unit is undercapitalized and that it is uncertain whether it can satisfy a regulatory order to raise capital.

Guaranty Bancorp in Denver is going out of its way to distance itself from Guaranty Financial Group, the Austin company that has said its failure is imminent.

Nearly out of capital, CIB Marine Bancshares Inc. in Pewaukee, Wis., is pursuing an unusual route for a bank parent: bankruptcy.

First Bancshares Inc. in Mountain Grove, Mo., and its First Home Savings Bank have signed regulatory orders with the Office of Thrift Supervision requiring plans to improve earnings and preserve capital.

The proposed merger of two Pennsylvania companies with ties to Vernon W. Hill 2nd has been touted as the second coming of Commerce Bank. But more than nine months on, regulators have yet to bless the deal.

After four consecutive quarterly losses, the depleted Mercantile Bancorp Inc. in Quincy, Ill., is exploring ways to recapitalize itself.

By seizing the Montgomery, Ala., unit of Colonial BancGroup Inc. on Friday and selling it to BB&T Corp., regulators nullified a contract that Colonial had made to sell 21 Nevada branches to a blank-check company, Global Consumer Acquisition, analysts said. Without those offices, Global Consumer's other proposed acquisition may be hard to justify. The company had agreed to buy 1st Commerce Bank in North Las Vegas from Capitol Bancorp Ltd., largely for the charter.

The Office of the Inspector General for the Federal Deposit Insurance Corp. said examiners did not take the steps necessary to rein in risky practices at First Centennial Bank in Redlands, Calif.

WASHINGTON — Following the largest failure of the year, and the collapse of a small mutual in Pennsylvania, regulators shut three western banks late Friday ...

With $225 million of fresh capital on the way, Umpqua Holdings in Portland, Ore., is on the lookout to buy failed banks — both in its market area and beyond.

First Farmers Financial Corp. in Converse, Ind., and CB Bank Shares Inc. in Russiaville, Ind., said Thursday that they have agreed to merge.

The capital-strapped Amcore Financial Inc. of Rockford, Ill., announced Wednesday that it has agreed to sell two of its Wisconsin branches to First National Bank and Trust Co., in Beloit, Wis.

The National Credit Union Administration on Wednesday closed Community One FCU, Nevada's eighth-largest credit union.

First Federal Bankshares Inc. in Sioux City, Iowa, is running out of time to raise capital, and now it also needs to find a chief executive.

Central Virginia Bankshares in Powhatan said Tuesday that it swung to a loss of $255,943 in the second quarter, from a $909,577 profit the year earlier.

Regulators closed two community banks in Florida, and one in Oregon, Friday evening to bring the year's failure total to 72.