Americas

The New York Stock Exchange has warned Flagstar Bancorp Inc. that its stock is in danger of being delisted because it has traded at an average of less than $1 for 30 consecutive days.

On Thursday, the Fed published written agreements struck earlier this month with the $119 million-asset Texas Bancshares Inc. in Snyder, Texas, and the $169 million-asset Flagship Financial Group Inc. in Eden Prairie, Minn.

Broadway Financial in Los Angeles is planning to close two of its five branches as part of a broader plan to trim overhead and preserve capital.

City Holding Co. in Charleston, W.Va., said Tuesday that it has agreed to pay $3 million to settle a class-action suit in which depositors accused the $2.7 billion-asset company of improperly assessing overdraft fees.

First BanCorp's bid to raise more than $560 million of fresh capital hit a snag this week after the San Juan, P.R., company failed to obtain enough shareholder votes to proceed with its plan to issue 150 million of new shares.

BankAtlantic Bancorp in Fort Lauderdale, Fla., has promoted Charles Mohr to president of retail banking, the latest in a string of executive appointments the company has recently announced.

A small mutual thrift in Maryland has won approval from state and federal regulators to convert to a publicly traded company.

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

The Office of the Comptroller of the Currency closed Lydian Private Bank in Palm Beach, Fla., on Friday. The $1.7 billion-asset bank is the 10th bank to fail in Florida this year.

Dearborn Bancorp in Michigan may need to restate its earnings for the quarter that ended June 30 pending the results of its latest examination by the Federal Deposit Insurance Corp.