PVF Capital Corp. in Solon, Ohio, cited a steep increase in its loan-loss provision in reporting that the net loss for its fiscal fourth quarter widened 192% from the year earlier, to $7.9 million.

The president and chief executive officer of Royal Asian Bank in Philadelphia is leading a group of investors that struck a deal to buy it.

BIRMINGHAM, Ala. – APCO Employees CU broke ground last week on a new three-story office project that will triple its current office space.

Last week a handful of struggling companies either closed on capital raises or announced plans to raise capital despite pending or expected agreements with regulators.

Regulators closed the $2 billion-asset Georgian Bank in Atlanta on Friday, the industry's 95th failure of the year. Despite its relatively small size, regulators estimated it would take a heavy toll on the Deposit Insurance Fund, costing $892 million.

When it bought the failed bank and thrift units of Irwin Financial Corp. from the Federal Deposit Insurance Corp. last week, First Financial managed to get terms so attractive that others are taking notice.

A small Florida bank raised $70 million through an initial public offering Wednesday, in what is believed to be the first such deal in the banking sector in two years.

With as much as $196.6 million headed to its war chest, Old National Bancorp in Evansville, Ind., could be striking deals for failed banks soon.

SOUTHEAST

With its expansion into Pennsylvania underway through two large acquisitions there, First Niagara Financial Group said Wednesday that it intends to sell $400 million of common stock so it can continue the buying spree.

With its stock trading under a dollar since June 23, Midwest Banc Holdings Inc. is in danger of being delisted.

DANVILLE, Penn. – Service 1st FCU broke ground last week on its future Corporate Center.

Some of the country's healthier midsize banks are losing interest in buying failed institutions, contending the deals are costly, time-consuming and in some ways not worth the trouble.

Merger and acquisition activity has been almost nonexistent, but that is not to say it has been uninteresting.

First Busey Corp. of Illinois plans to sell at least 18 million shares of common stock and $39.3 million in 9% convertible preferred shares to raise funds to boost capital at its Busey Bank unit and other purposes.

MECHANICSBURG, Penn. – Members 1st FCU will open its 34th branch today, the fifth new branch since last’s court decision striking down the credit union’s vast expansion plans.

FAIRFIELD, N.J. – Polish & Slavic FCU, which serves the sprawling Polish-American population in New York and New Jersey, is planning to open four branches in the Chicago area over the next two years.

CIB Marine in Pewaukee, Wis., is on track to turn more than $110 million of life-threatening debt into an abundance of capital and another shot at selling itself.

The $1.8 billion-asset company said in a Securities and Exchange Commission filing Monday that it has 60 days to submit a plan for maintaining sufficient capital, under a written agreement it signed Sept. 15 with the Federal Reserve Bank of San Francisco.