Retail & Commercial

ALEXANDRIA, Va. — NCUA said this afternoon it has taken over Trinity CU, a troubled $4 million credit union in Trinidad, Colo.

The Federal Reserve Board entered into a written agreement with Cornerstone Bancorp that requires the St. Petersburg, Fla., company to serve as a source of strength for its bank.

Revenue margins have dipped at some major credit card issuers in recent months, but, by and large, they have emerged intact from a bruising economic downturn and a sea change in regulation.

Second-quarter income more than tripled from a year ago at Hancock Holding (HBHC) in Gulfport, Miss., after its net interest income surged and it recorded less in merger-related expenses.

Some sellers are asking for a lot and buyers have to be careful in vetting targets, but deal activity should increase given the economic pressures and the number of talks going on behind the scenes, some community bank CEOs say.

WASHINGTON — The heads of two key banking trade associations on Friday repeated their calls for Congress to extend the Transaction Account Guarantee program.

Chicago is the latest municipality to adopt a resolution to hold hearings on whether to use eminent domain to take over underwater mortgages from private investors.

Sovereign Bank defeated an overdraft fee lawsuit in Florida federal court on Thursday, making it the only bank to successfully argue its overdraft practices were sanctioned by federal regulators.

Porter Bancorp (PBIB) in Louisville, Ky., is back in the red after posting a profit in the first quarter.

Gideon King, president of Loeb Capital Management, threatened to buy more stock in First California and clean house in the boardroom and executive suite to facilitate a sale to PacWest or another buyer.