Less than a week after its parent's bankruptcy filing, Cleveland-based AmTrust Bank failed Friday at a cost of $2 billion to the government.

Less than a week after its parent's bankruptcy filing, Cleveland-based AmTrust Bank failed Friday at a cost of $2 billion to the government.

Though the market for trust-preferred securities remains strained, the warm reception for an offering from City National Corp. is expected to persuade others to consider this option for a capital boost.

Though the market for trust-preferred securities remains strained, the warm reception for an offering from City National Corp. is expected to persuade others to consider this option for a capital boost.

ST. PETERSBURG, Fla. – GTE FCU is poised to open a new branch in midtown, a troubled neighborhood that has been without financial services for almost two decades.

CHICAGO – Polish & Slavic FCU has signed a lease to open a new branch here, the $1.2 billion credit union’s first branch outside of its core New York and New Jersey market.

A fresh shot of capital has moved Mercantile Bancorp Inc.'s Florida unit back into regulators' good graces.

After six months of withholding all the losing bids made for failed banks, the Federal Deposit Insurance Corp. has decided to resume releasing much of the information.

Companies choosing to begin customer interactions with sales pitches are establishing whose priorities matter most — theirs.

Anchor BanCorp Wisconsin has been tossed a private-equity life ring, but the company must persuade one of its lenders and the Treasury Department to help reel it in.

NEW YORK – Municipal CU announced a partnership with A&P supermarkets with which it has placed ATMs in 16 of the company’s Pathmark grocery stores in the New York metro area.

MIDDLE ATLANTIC

Shares of Center Financial Corp. rose Wednesday after the Los Angeles company said that it raised $12.8 million of capital.

The parent company of AmTrust Bank filed for bankruptcy protection Monday, casting doubt on the future of the Cleveland bank's more than 60 branches.

The Federal Reserve is ordering Bank of Illinois in Normal to raise its capital ratios.

PLAINFIELD, Ind. – Crane FCU has entered the Indianapolis market with plans to open a new branch in the former headquarters of Lincoln Bank it has acquired.

Sunwest Bank had some explaining to do after it pulled away from construction lending about five years ago. Now the Tustin, Calif., company's patience is paying off.

The parent company of Cleveland's AmTrust Bank, filed for bankruptcy protection Monday, casting doubt on the future of the bank's more than 60 branches.

American River Bankshares in Sacramento announced Monday that it has begun a stock offering to raise up to $25.3 million.

Though it is weighed down by bad construction loans and short on capital, Baytree National Bank and Trust in Lake Forest, Ill., is engineering a rescue.