DURHAM, N.C. – Latino Community CU is opening a new service facility in Carrboro, its 10th branch in North Carolina.

WASHINGTON — Illinois regulators closed the $493 million-asset Palos Bank and Trust Co. late Friday, the 110th failure of the year.

Saehan Bancorp's net loss narrowed sharply in the second quarter while asset quality and net interest margins improved.

FGBC Bancshares Inc. in Franklin, Ga., has entered into a consent order with state regulators requiring it to boost capital ratios.

Center Financial Corp. said Friday that it revised its first-quarter results, posting a net loss rather than a profit, because of a stock conversion completed in March.

Until Lakeside Bank in Lake Charles, La., threw open the doors to its double-wide trailer recently — the bank is so new, its building isn't ready yet — no start-up banks had gotten off the ground in the entire country this year.

The Federal Trade Commission on Thursday told the U.S. Senate Committee on Commerce, Science, and Transportation that protecting financially distressed consumers from deceptive debt relief schemes is a top agency priority.

BankUnited is planning an initial public offering 15 months after the Florida lender collapsed and was acquired by investors including Carlyle Group and WL Ross & Co., according to people with knowledge of the matter.

The number of collection agencies and creditors sued under various consumer statutes spiked to 480 in the second half of July, compared with 389 in the first half, according to data from U.S. District Courts.

WICHITA, Kan. – Meritrust CU said yesterday it is partnering with CO-OP Financial Services to give its members access to more than 28,000 surcharge-free ATMs nationwide.

If ShoreBank is trying to get open-bank assistance, as some media outlets have reported, the undercapitalized lender's odds of success are long.

First Chester County Corp. in West Chester, Pa., announced its first-quarter financial results this week, more than four months after the quarter ended.

Columbia Banking System Inc. in Tacoma, Wash., has repaid the $76.9 million it received under the Troubled Asset Relief Program.

Alliance Bancorp Inc. in Broomall, Pa., is planning a second-step conversion, whose proceeds it said would help fund growth.

Nearly 1,200 banks have been hit with an enforcement action made public by federal regulators since the start of 2008, and that number is expected to climb at an accelerated rate.

Though the Dodd-Frank regulatory reform law designed separate rules for large and small institutions, covering everything from capital to stress tests to consumer protection, a consensus is growing that the higher standards for bigger institutions will eventually apply to everyone else.

Everyone is waiting for small business to revive and generate jobs as the job-creation engine of our economy. Don't expect this to happen soon.

The $72 million-asset bank announced late Tuesday that last month it sold $1.7 million, about a quarter of the $6.9 million of nonperforming assets it had at the end of the second quarter. An additional $907,000 of nonperformers are expected to close this month.

The three-year-old Solera National Bancorp Inc. in Lakewood, Colo., has struck its first acquisition deal. The $140 million-asset company announced Wednesday that it has entered into an agreement to buy the Lakewood branch of Liberty Savings Bank, a $1.1 billion-asset thrift in Wilmington, Ohio.

The Securities and Exchange Commission wants information about the credit standards at CVB Financial Corp. in Ontario, Calif. The $6.8 billion-asset company disclosed in its quarterly filing on Monday that it received a subpoena from the SEC on July 26.