LANSING, Mich. – Michigan State University FCU said it plans to spend about $3.5 million to renovate an old restaurant into a new branch.

BATTLE CREEK, Mich. – Founders of the newly chartered Inspire Community Development CU held a grand opening Monday to celebrate the state’s latest CDCU, Michigan’s first new credit union in 25 years.

HIGHLAND FALLS, N.Y. – Navy FCU will open a branch here June 28 near the U.S. Military Academy at West Point, the credit union’s 181st service facility.

NASB Financial Inc. in Grandview, Mo., reported earnings of $3.2 million for the quarter that ended March 31, down 32% from a year earlier. The $1.4 billion-asset company announced the earnings late Monday, saying its second-quarter results were driven by increased credit costs.

CNB Financial Corp. in Clearfield, Pa., Tuesday announced the pricing of its $29.7 million common stock offering. The $1.2 billion-asset company said it will sell 2.9 million shares at $10.25 a share, a 10.6% discount to the company's closing stock price on June 8, the day before the capital-raising effort was announced.

MidFlorida Credit Union, one of the state's healthiest big credit unions, has agreed to acquire the troubled Bay Gulf Federal Credit Union in the latest in a series of large credit union mergers shaking up the market in the Sunshine State.

The $2.2 billion-asset company announced Tuesday that it has received $35 million of fresh capital through a private placement led by Aquiline Capital Partners LLC, a New York private-equity firm that includes former Wachovia Corp. Chief Executive Ken Thompson.

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The Internal Revenue Service is scrutinizing at least a handful of banks that sought large tax refunds for charging off bad loans last year.

WASHINGTON — Lawmakers unexpectedly added an overhaul of the deposit insurance system to the final regulatory reform legislation on Tuesday, adding sweeping provisions that were not part of either the House or Senate revamp bills.

Integra Bank Corp. has sold two Kentucky branches and more than $40 million in loans to Cecilian Bank as part of a plan to boost capital and reduce nonperforming assets.

MECHANICSBURG, Penn. – Members First FCU is opening its new branch inside a Giant Food Store in York today.

MADISON, Wis. – Royal CU said it expects to open the 11 branches it is acquiring from troubled Anchor Bank as credit union branches by the end of the month.

Longtime Midwest banker Marty Adams is heading south on a rescue mission. The struggling TIB Financial Corp. in Naples, Fla., announced late Friday that Adams, former chief executive of Sky Financial Group, would join TIB to help it secure the $150 million it needs for a recapitalization.

WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.

WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.

The $200 million-asset bank announced Thursday that it will be rebranded American Perspective Bank after a settlement with an unidentified company in a trademark infringement case. That company agreed to shoulder a significant portion of costs associated with the California bank's name change as part of the settlement.

More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.

More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.

John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink last month by spearheading a $60 million investment.