Online-only savings accounts can be effective deposit-gathering vehicles for banks, but executives at Frost National Bank in San Antonio say they do not exactly create customer loyalty.

With bad loans to real estate developers piling up, Security Bank Corp. of Macon, Ga., reported a wider-than-expected loss for the second quarter.

SOUTHEAST

DURAND, Mich. – SageLink CU yesterday broke ground on a new headquarters that will resemble a railroad depot, in recognition of the city’s background as a railroad center.

Corus Bankshares Inc. in Chicago reported its first-ever quarterly loss as credit quality continued to weaken during the second quarter in its condominium development-heavy loan portfolio.

With Robert M. Daugherty at the helm, AmericanWest Bancorp in Spokane had been in growth mode for the last four years, buying up banks, opening branches, and adding deposit and loan products.

Mounting defaults on loans to residential developers led to large second-quarter losses for PrivateBancorp Inc. and Taylor Capital Group Inc., but if there is a silver lining in the two Chicago-area companies' results, it is that both are making good on promises to beef up their commercial and industrial books.

Hanmi Financial Corp. in Los Angeles said late Tuesday that it lost $105.5 million, or $2.30 a share, in the second quarter as a result of a $107.4 million goodwill impairment charge as well as a sixfold increase in its loan-loss provision from a year earlier, to $19.2 million.

Sun Bancorp Inc. in Vineland, N.J., has signed an agreement to sell its six Delaware branches to Wilmington Savings Fund Society; it said it plans to focus more on its core markets in New Jersey.

LIBERTY, Ohio – DOY FCU yesterday broke ground on a new headquarters.

QCR Holdings Inc. in Moline, Ill., said Monday that an expanding margin helped its second-quarter net income climb 26% from a year earlier, to $1.8 million.

Vineyard National Bancorp in Corona, Calif., said Monday that it has agreed to a consent order from the Office of the Comptroller of the Currency ordering it to appoint "experienced and competent" people to be its permanent chief executive and chief credit officer.

Chemical Financial Corp. of Midland, Mich., reported nearly flat earnings of $9.6 million for the second quarter with gains in net interest income offset by a dramatic increase in its provision for loan losses.

The $100 million invested in EverBank Financial Corp. in Jacksonville, Fla., last week is Sageview Capital LP's first bet on the banking sector.

Superior Bancorp in Birmingham, Ala., said Monday that its second-quarter earnings fell 58% from a year earlier, to $841,000.

Encore Bancshares Inc. in Houston said Friday that its second-quarter net income fell 75% from the year earlier, to $481,000, because of higher chargeoffs.

Ronald D. Santo said last week that he plans to retire as the group president of MB Financial Bank of Chicago and vice president of its parent, MB Financial Inc., on Sept. 19.

Shares of Seacoast Banking Corp. of Florida tumbled Friday after it reported a second-quarter loss of $21.3 million, or $1.12 a share.

UCBH Holdings Inc. in San Francisco said Friday that second-quarter net income fell 73% from a year earlier, to $7.7 million, or 7 cents a share, because of a higher provision for residential construction loans and a writedown in its investment portfolio.

East West Bancorp Inc. in Pasadena, Calif., surprised analysts with a $25.9 million loss for the second quarter, due to an $85 million provision for dicey residential construction and land development loans.