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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.

Bankers and consultants alike report a quiet and continuing migration of seasoned talent away from the nation's major banks and into the calmer offices of smaller regional lenders.

Georgian Bancorp. is still seeking to raise at least $25M after a tenfold jump in bad loans in six months.

Profits at Hudson Valley Holding Corp. in Yonkers, N.Y., plummeted 96% from a year earlier, to $300,000.

CapitalSource reported Thursday that it swung to a $247M loss in the 2Q, from a profit of $62M a year earlier, as credit quality continued to worsen.

The once-acquisitive company announced after the market closed Wednesday that it had hired the investment bank Keefe, Bruyette & Woods to review strategic alternatives, including a sale.

Umpqua Holdings Corp. plans to aggressively expand its private banking unit as other, smaller banks divest such businesses. Donna Huntsman, who was hired Monday to be a senior vice president of private banking, said she expects the Roseburg, Ore., company to have at least $900 million of private banking assets under management in three years.

The $3.8 billion-asset First Financial missed out on the boom years, spending the middle part of the decade quitting unprofitable business lines and markets, and shedding employees.

The Federal Reserve Board ordered Michigan's troubled Warren Bank to quickly boost capital or find a buyer.

After a consent order from its regulators landed it in default on a line of credit, Amcore Financial Inc. in Rockford, Ill., has paid down some of the debt and gotten an extension to repay the rest.

Hampton Roads Bankshares in Norfolk, Va., swung to a loss for the second quarter, suspended its common share dividend and said it plans to offer stock.

Regulators closed institutions in five states late Friday, bringing the year's toll to 69 and leaving the FDIC with almost $1 billion more in losses.