CommerceWest Bank announced Thursday that it had second-quarter net income of $68,000, swinging from a $2.6 million net loss a year earlier.

Cascade Bancorp said it plans to restate its 2009 annual and first-quarter 2010 results after a regulatory examination showed its reports for those periods could "no longer be relied upon."

The financial condition of Chicago's ShoreBank Corp., which anxiously awaits word on a lifeline from the Treasury Department, has become precarious after a disastrous second quarter.

USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.

ShoreBank Corp., a Chicago bank known for its lending in low-income communities, has failed to win approval for $75 million in government funds and may be forced out of business, Bloomberg News reported Thursday on its website, citing three people with direct knowledge of the situation.

JANESVILLE, Wis. – Blackhawk Community CU opened a new branch, its sixth, in nearby Stoughton, and completed the renovation of two other service facilities.

Oritani Financial Corp. in Washington, N.J., announced a quarterly loss of $4.1 million that it said stemmed in part from its conversion from a mutual to a stock company in June.

CLARKSVILLE, Tenn. – Fort Campbell FCU, which has been serving the military personnel at the army base for 56 years, plans to open student-run branches in two local high schools.

WOODBRIDGE, Va. – Belvoir FCU, which will add at least 20,000 service members to its field of membership because of base realignment, said it is closing four student-run branches to focus those resources on its core membership.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., reported Wednesday that its second-quarter loss widened by 33% from a year earlier, to $51.3 million.

Before the recession, Pacific Trust Bank was content to sit on the sidelines as other Southern California community banks vied with national lenders for commercial real estate borrowers.

In tough economic times, folks are more aware of the people and organizations in their communities who support them. A little goodwill can go a long way.

First Internet Bank of Indianapolis plans to enter the commercial lending business after more than a decade of focusing on consumer loans.

A federal judge last week sided with the competitor, Alliance Bancorp Inc. of Pennsylvania, and barred Sidhu's New Century Bank in Phoenixville from rebranding itself Customers 1st Bank. The judge said that name infringed on Alliance's trademark-protected Customer First products.

OXNARD, Calif. – Officials with Pacific Oaks FCU and the owners of the Carriage Square shopping center have hammered out an agreement to allow the credit union branch to stay at the center, averting an eminent domain takeover of the branch by the city.

WASHINGTON — Regardless of whether the allegations of unethical conduct aimed at Rep. Maxine Waters and other members of the House Financial Services Committee hold up, there could be a chilling effect on relations between banks and members of Congress.

Cascade Bancorp in Bend, Ore., has filed a lawsuit against Cohen & Co. Financial Management, alleging that the investment firm is holding up a capital-raising effort on which Cascade's future depends.

United Western Bank is in a state of limbo, unable to satisfy, change or escape a key demand from its regulator. Colorado's largest thrift has missed a deadline to boost its capital, and regulators refuse to give it an extension or waiver.

BancTrust Financial Group Inc. in Mobile, Ala., has announced that it earned $969,000 in the second quarter, compared with a loss of $118 million a year earlier.