In a letter to Geithner, the Michigan Democrat said that the Treasury needs to tweak its criteria and provide assistance to community banks to get credit flowing to small businesses.

Despite raising nearly $620 million in capital this year, Flagstar Bancorp announced that it will be turning to shareholders for as much as $500 million through a rights offering.

ABILENE, Texas – Abilene Teachers FCU broke ground yesterday on a two-story building here that will serve as new headquarters and a branch for the $270 million credit union.

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The troubled Amcore Financial Inc. in Rockford, Ill., announced Monday that it sold $135 million of loans. The now $4 billion-asset company said in a press release that the loans were not strategic or relationship oriented.

It is tough enough to raise capital as a troubled community bank. Try doing it as a mutually owned thrift. That is the task facing Lincoln Park Savings Bank, which is undercapitalized because of massive losses on construction loans.

Self-Help Federal Credit Union in Oakland has asked California regulators for permission to acquire the struggling El Futuro Credit Union in Porterville.

Capital Bank Corp. of Raleigh said Monday that it has a letter of intent to sell a 9.9% stake to Patriot Financial Partners LP, a private-equity firm in Philadelphia, as part of an offensive capital raise.

The Treasury Department announced Friday that Trustmark Corp. had repaid capital borrowed from the government.

The Federal Reserve announced enforcement actions Friday against First Mariner Bancorp in Maryland, moves taken to help maintain the company's financial soundness, according to the central bank.

Patriot Bancshares Inc. in Houston has canceled its deal to buy the $497 million-asset Texas Community Bank in The Woodlands, Texas, the Houston Business Journal reported Friday.

WASHINGTON — Regulators closed three more banks Friday evening to bring the year's failure total to 133.

Wescom Central Credit Union in Pasadena, still struggling with the Southern California recession, said last week that it plans to shutter another eight branches.

The National Credit Union Administration last week approved the second new credit union charter this year, for East Side Development Alliance Federal Credit Union in Queens, N.Y.

Pacific West Bank of West Linn., Ore., has restated its results for the second quarter to show a net loss more than five times the loss originally reported.

MidSouth Bancorp Inc. in Lafayette, La., is looking to raise as much as $34.5 million in fresh capital, and it may use it to make acquisitions.

Like so many others, East Carolina Bank in Englehard, N.C., wants to increase revenue and market share. But it is going about it in a new way.

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WASHINGTON — Regulators closed three more banks Friday evening to bring the year's failure total to 133.

Central Pacific Bank is quitting California. The Honolulu unit of Central Pacific Financial Corp., which has suffered heavy losses on West Coast construction loans, said Thursday that it would wind down operations there by 2012.