Several former attorneys at legal collection giant Mann Bracken LLP have formed a new collection firm.

BancTenn Corp. last week filed an application with the Federal Reserve to form a bank holding company in order to acquire up to 20% of a commercial bank in North Carolina.

As a way to identify more with San Diegans, First Business Bank is changing its name to Bank of Southern California and opening a fourth branch in July.

BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., has given bondholders another month to cash out trust-preferred securities.

After flying under the radar for much of the recession, the Pacific Northwest has been hit with a string of failures — and more choppiness lies ahead.

Nearly six months after closing, collection law firm giant Mann Bracken is still receiving payments mailed from delinquent debtors. Figuring out who should receive the money is one of the biggest challenges facing the receiver appointed to oversee the firm's unwinding.

Dearborn Bancorp Inc. has agreed not to pay dividends without prior approval by the Federal Reserve.

ST. JOSEPH, Mich. – Berrien Teachers CU will officially change its name to Honor CU on July 1 and will celebrate the name change and the opening of a new branch in Niles with daylong grand opening celebrations at each of its seven offices.

FORT WORTH, Texas – Credit union giant American Airlines FCU continues to expand outside of the nation’s airports with a double-header of ribbon cuttings for two branches: one at its Fort Worth headquarters and the other in the town of Euless.

Following a $28.8 million public offering, Boston Private Financial Holdings Inc.'s largest investor is making an additional investment in the company.

Despite a $500 million recapitalization plan, Pacific Capital Bank in Santa Barbara, Calif., is being ordered to boost capital.

First Southern Bancorp Inc. has paid the Treasury Department $11.5 million, repurchasing all of its outstanding preferred stock in the Troubled Asset Relief Program.

Eliminating Tier 1 treatment for trust-preferred securities would significantly impair a holding company's ability to raise capital to inject into the bank.

The holding company of Boston Private Bank & Trust and Borel Private Bank & Trust said it would raise about $6.3 million from selling 1.1 million shares to the Carlyle Group.

Nevada saw its third failure of the year late Friday, with the collapse of $480 million-asset Nevada Security Bank in Reno.

Nevada saw its third failure of the year late Friday, with the collapse of $480 million-asset Nevada Security Bank in Reno.

Old Harbor Bank said Thursday that Anthony N. Leo would take over as chief executive to handle its restructuring and lead its new growth strategies. The $243 million-asset thrift also announced a new capital raise in conjunction with the executive shuffle as the bank tries to redeem itself from being undercapitalized.

Regulators are clamping down on Hampton Roads Bankshares Inc. in Virginia, despite a private-equity recapitalization plan.

The $4.3 billion-asset company is seeking twice as much money as it did in December, when it came to the market to raise $75 million but couldn't drum up enough interest to complete the offering.

Simply put, experts respond, what goes down must come up. Florida was one of the first states to feel the pain of the crisis, and most analysts and private-equity groups see a bottoming out in the real estate and banking markets happening there before it occurs in similarly troubled states such as Arizona, California and Nevada, or in most of the other states in the Southeast.