PremierWest Bancorp in Medford, Ore., narrowed losses and reduced chargeoffs in the first quarter, the company reported Thursday.

MidSouth Community FCU is the latest credit union to take advantage of a growing inventory of bank branches on the market by agreeing to acquire two branches of failed Security Bank from the FDIC.

A Supreme Court decision yesterday could make it easier for consumers to sue collectors for sending erroneous collection notices.

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The South Financial Group in Greenville, S.C., reported Tuesday a large but narrowing first-quarter loss of $85.8 million. The $12.4 billion-asset company had lost $193.8 million a year earlier.

LANSING, Mich. – State officials approved tax breaks for 10 job creating projects, including a plan by PSCU Financial Services to expand its operations in Auburn Hills that will create more than 830 jobs.

CAMBRIDGE, Mass. – Harvard University officials have tentatively agreed to allow Harvard University Employees CU in the Student Organization Center in Harvard Yard.

BROCKPORT, N.Y. – The Monroe County Industrial Development Agency voted Tuesday to approve a $5,330 abatement of mortgage taxes and property taxes for Brockport FCU to facilitate the credit union’s plans for a new branch in Clarkson, the $5 million credit union’s second branch.

MACON, Ga. – MidSouth Community FCU is the latest credit union to take advantage of a growing inventory of bank branches on the market by agreeing to acquire two branches of failed Security Bank from the FDIC.

Sponsors of a Colorado Senate bill that would have barred the growing practice of merchants assessing surcharges on debit card transactions pulled the bill after it was amended to bar all automated teller machine surcharges.

After swinging to a first-quarter loss, PacWest Bancorp in San Diego — with a cleaned-up balance sheet — may be better poised to resume making winning bids for failed banks.

Redwood Trust Inc., (RWT) seeking to reopen the U.S. market for private-label mortgage securities, disclosed Wednesday that it plans to issue about $222 million of bonds backed by new jumbo home mortgages.

The Federal Reserve announced enforcement actions Tuesday against Ameri-National Corp. that the central bank said are meant to help maintain financial soundness at the Overland Park, Kan., company.

COLORADO SPRINGS – Animals from Cheyenne Mountain Zoo’s mobile petting zoo will be on hand Saturday to help mark the grand opening of Ent FCU’s new Falcon branch.

Community Capital Corp. in Greenwood, S.C., said its earnings jumped sharply in the first quarter as credit quality showed significant improvement.

Enterprise Financial Services Corp. of St. Louis said Tuesday that it narrowed its first-quarter loss to $3 million, from $51.8 million a year earlier, as credit costs declined but problem loans increased.

Seacoast Banking Corp. of Florida in Stuart has released to its investors $200 million in capital it was holding in escrow because it did not place the winning bid for Riverside National Bank in Fort Pierce, Fla.

While the company's purchase of the failed $237-million asset Butler Bank in Lowell, Mass., Friday wasn't the home run analysts had been anticipating, they expect more winning bids from the capital-rich People's as the Federal Deposit Insurance Corp. seeks institutions with experience in failed-bank deals.

Greater New Orleans FCU has launched a mobile banking and account alert service.

Connecticut Attorney General Richard Blumenthal sued Westport National Bank and a Wilton, Conn., money manager on Monday for "effectively aiding and abetting" a fraud by the convicted Ponzi schemer Bernard Madoff.