Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

WASHINGTON — The government closed state-chartered banks in New York, Florida and Louisiana late Friday to bring the year's failure tally to 30.

Cardinal Bankshares Corp. of Floyd, Va., announced Friday that earnings declined 64.7% in 2009.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.

Fox Chase Bancorp Inc. in Hatboro, Pa., has become the latest converted mutual to announce a second-step conversion.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.

The Bancorp Inc. of Wilmington, Del., said last week it has repaid the $45.2 million it received through the Troubled Asset Relief Program.

Bank of Florida Corp. unveiled a two-pronged capital-raising plan Friday to raise a projected $45 million, with shares outstanding potentially surging toward 100 million from the current 13 million.

The U.S. earned $11.15 million in its latest auction of warrants obtained from institutions that were once part of its $700 billion financial company rescue program.

WASHINGTON — State regulators shut $209.7 million-asset LibertyPointe Bank of New York, a rare move for a Thursday evening that usually indicates a bank's condition was deteriorating rapidly.

HONOLULU – A local Hawaiian priest on Monday performed the blessing at the opening ceremonies of Aloha Pacific FCU’s newest branch, the credit union’s ninth.

JEFFERSON CITY, Mo. – The management and boards of 10 small credit unions that serve the Missouri Department of Transportation’s 10 districts will have to look for new facilities after a budget-cutting move by the state expelled them from their decades-old offices on state property.

In what would be the biggest credit union merger to date, Addison Avenue Federal Credit Union and First Tech Credit Union have announced an agreement to combine and create a credit union with almost $5 billion of assets.

MetroCorp Bancshares Inc. in Houston announced a revision to its fourth-quarter results, widening its loss largely as a result of additional loan-loss provisioning.

Heritage Oaks Bancorp in Paso Robles, Calif., said it plans to raise $60 million through a private placement of preferred shares.

PAB Bankshares Inc. in Georgia says it plans to raise $85 million through a common stock offering.

Tower Bancorp Inc. in Harrisburg, Pa., doesn't mind taking on the problem assets of First Chester County Corp., but it wants no part of its mortgage business.

The Federal Reserve is requiring Idaho Bancorp to submit a plan to maintain sufficient capital.

SAN ANTONIO – Generations FCU is the latest credit union to partner with Goodwill Industries and opened a branch in a Goodwill store here.