Citizens South Banking Corp. of Gastonia, N.C., has raised $15 million to help finance its takeover of the failed Bank of Hiawassee.

Last week's reversal of a tax court decision means Subchapter S bank owners will continue paying taxes as they have for years.

With regulators pushing for larger provisions for loan losses at its two most troubled banks, Capitol Bancorp Ltd. has revised its 2009 results.

The number of banks missing the deadline for making dividend payments under the Troubled Asset Relief Program continued to rise in February.

Consumers filed lawsuits naming an estimated 545 different collection agencies and creditors during the first half of March, up from 471 in the last two weeks of February, according to data from U.S. District Court complaint dockets.

Small merchants have found that using a mobile payments system from Bling Nation is a good good way to boost revenue — and local banks have seen the benefit in increased deposits.

Glacier Bancorp Inc. of Kalispell, Mont., says it may use proceeds from a common stock offering to acquire failed banks, a strategy that management had previously left off the table.

RICHLAND, Wash. – HAPO Community CU plans an $8 million renovation of its headquarters and main branch here.

YUMA, Ariz. – AEA FCU, which reported a whopping $25.9 million loss for 2009, said it plans to shutter its downtown branch and close the main offices for business on Saturdays in an effort to reduce expenses.

Regulators closed seven banks Friday, including the largest bank subsidiary of bankrupt Advanta Corp. Resolving the banks, which held a combined $3.3 billion in assets, will cost the Federal Deposit Insurance Corp. $1.3 billion. The year's failure tally now stands at 37, or more than double the number at this point last year.

Regulators closed seven banks Friday, including the largest bank subsidiary of bankrupt Advanta Corp. Resolving the banks, which held a combined $3.3 billion in assets, will cost the Federal Deposit Insurance Corp. $1.3 billion. The year's failure tally now stands at 37, or more than double the number at this point last year.

WASHINGTON — Acknowledging that regulatory guidance to limit banks' concentration in commercial real estate has failed, Comptroller of the Currency John Dugan said Friday that the banking agencies will issue new, tougher standards.

Regulators closed three banks Friday, including the largest bank subsidiary of bankrupt Advanta Corp., to bring the year's failure toll to 33.

Regulators closed three banks Friday, including the largest bank subsidiary of bankrupt Advanta Corp., to bring the year's failure toll to 33.

Encore Bancshares in Houston is paying to get out of Florida. The $1.6 billion-asset company announced an agreement last week to sell its six Florida branches, with $231 million in deposits and $86.2 million in loans, in two deals that will cost the company $1 million.

Encore Bancshares Inc. in Houston is paying to get out of Florida. The $1.6 billion-asset company announced an agreement last week to sell its six Florida branches, with $231 million in deposits and $86.2 million in loans, in two deals that will cost the company $1 million.

Lawsuits filed in federal courts involving collection and credit issues surged in the fiscal year ended Sept. 30 as more Americans struggled with foreclosures and consumer debt.

LAKE JACKSON, Texas – Texas Dow Employees CU said it plans to open a new branch in nearby Pearland in May, the $1.5 billion credit union’s 21st service center.

MIAMI – A new branch of South Florida Educational FCU is among the first building projects that are part of the Franjo Triangle development designed to create an improved downtown area in the Village of Palmetto Bay.

Roma Financial Corp. in Robbinsville, N.J., announced Thursday that it has agreed to acquire the struggling Sterling Banks Inc. of Mount Laurel, N.J., for $14.7 million in cash, or $2.52 per share.