The failures late Friday of the $421 million-asset Wakulla Bank in Crawfordville, Fla., and the $104 million-asset Shoreline Bank in Shoreline, Wash., were estimated to cost the Federal Deposit Insurance Corp. a total of $155 million.

The $866 million-asset company in Stamford, Conn., announced Friday that both the Federal Reserve and the Office of the Comptroller of the Currency had approved a $50 million investment from PNBK Holdings LLC, a firm backed by New York investor Michael A. Carrazza.

Nearly three months after the Dodd-Frank law created the Financial Stability Oversight Council, its first official meeting Friday was not exactly auspicious.

Hampton Roads Bankshares Inc. said late last week that it closed $235 million of the previously announced $255 million private placement that would lift its banking subsidiaries back into "well capitalized."

BancFirst Corp.'s strategy of fishing for small fry in its home state of Oklahoma is adding up — little by little — to a big expansion.

As some mutual holding companies tinker with their second-step conversions, Northfield Bancorp Inc. in Avenel, N.J., is shelving its aspiration of becoming an all-stock company.

Corporations rotated into time and savings accounts, and households moved the other way, but both sectors kept large proportions of assets on deposit.

Yasmin Bates-Brown planted the seeds for Harris Bank's thriving community-development lending program.

A firm that placed charges on the telephone bills of thousands of small businesses and consumers for Internet-related services they never agreed to buy has been ordered permanently shut down by the U.S. District Court for the Northern District of California.

Huntsman Gay, a private equity firm, announced today that it has purchased a majority stake in iQor, a New York-based accounts receivable management company. iQor has more than 21 locations worldwide and 11,000 employees. The firm reported more than $345 million in revenues in 2009. Terms of the deal were not disclosed.

A lack of bank failures in Texas, New Mexico, Colorado and Oklahoma has Carlile Bancshares in Fort Worth starting to deploy its $328M in capital on banks that are still open but struggling.

Charter Financial Corp. in West Point, Ga., has completed the sale of $34.2 million of common stock. The $1.1 billion-asset Charter sold 4.4 million shares of common stock for $7.78 a share, for net proceeds of $30.6 million. The news was announced Wednesday.

The Federal Reserve has ordered First Heritage Corp. in Carthage, Miss., to step up its role as a source of strength for its bank unit.

K-Fed Bancorp in Covina, Calif., has received conditional approval from the Office of Thrift Supervision to commence its second-step conversion from a mutual to a stock company.

After raising capital from its directors, Security Federal Corp. in Aiken, S.C., said it has received approval from the Treasury Department to participate in a capital program designed for community development banks.

Speaking with American Banker, First Niagara CEO John Koelmel offered a conservative outlook on the M&A market, his thoughts on prudent growth and a critique of financial reform.

Though the future looks bright, it would be a disservice to credit union members and the American public to minimize the industry's missteps or to fail to explain what we are doing to correct them.