A growing number of institutions worried about the Office of Thrift Supervision's future may switch to a national bank charter, putting even greater pressure on the agency's budget.

LAHAINA, Hawaii – Valley Isle Community FCU is celebrating its new home in the Lahaina Business Park with a traditional Hawaiian blessing ceremony and a live radio broadcast this Saturday.

The most important idea raised at the bankers meeting was not to limit the $30 billion to community banks, since many face significant short-term financial problems (300 to 500 are expected to fail this year). Instead, make available up to half the $30 billion to the roughly 800 community development financial institutions, or CDFIs, nationwide that combine small-business expertise and a readily available pipeline of small-business borrowers.

The credit union industry may have its best chance in more than a decade to persuade Congress to double the amount of business lending it can do.

A group of Tribune Co. creditors sued the banks behind the publisher's 2007 leveraged buyout, claiming the $8 billion in loans they arranged for the deal doomed the company to bankruptcy.

RICHLAND, Wash. – Gesa CU said it has completed construction of a 5,600-square-foot environmentally friendly branch in nearby Kennewick.

RICHMOND, Va. – Virginia CU, which has been adding new branches, has purchased the former Hops Restaurant building in Henrico County.

ROCHESTER, N.Y. – The first wave of ESL FCU employees are scheduled to begin work today in the credit union’s new headquarters, one of the lynchpins in a revitalization plan for this beleaguered city’s downtown.

With rates near all-time lows and costs still rising, it has become so difficult for credit unions to earn a positive spread for their members that Nevada Federal Credit Union is paying members to take their money elsewhere.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Like many community banking companies striving to protect capital against a rising tide of problem assets, Integra Bank Corp. in Evansville, Ind., is making some tough choices.

Like many community banking companies striving to protect capital against a rising tide of problem assets, Integra Bank Corp. in Evansville, Ind., is making some tough choices.

The state of New Jersey's Assembly Consumer Affairs Committee on Thursday approved a law designed to help consumers combat wrongful collection practices. The issue now moves to the full Assembly for a possible floor vote at an as-yet-unscheduled time.

Wintrust Financial Corp. in Lake Forest, Ill., on Thursday announced pricing for a common stock offering expected to raise at least $183 million of fresh capital.

The struggling Integra Bank Corp. in Evansville, Ind., has announced its third branch-sale deal of the year.

City National Corp. in Los Angeles announced Thursday that it has completed repaying the Treasury Department's $400 million investment made under the Troubled Asset Relief Program.

Alexi Giannoulias, a Democrat in a race for the Senate against five-term U.S. Rep. Mark Kirk, a Republican, warned of the possible fate of his family's Broadway Bank during a Wednesday meeting with the Chicago Sun-Times editorial board, according to local media reports. Giannoulias would not comment to American Banker.

Though the $16.4 billion-asset company, led by the real estate developer Howard Milstein, insists its problems are under control, analysts paint a bleak picture of a company that could snap under further stress without additional capital.

DUBUQUE, Iowa – Dupaco Community CU is building a second branch in nearby Cedar Rapids, one of two planned for 2010 by the $780 million credit union.