United Community Financial (UCFC) in Youngstown, Ohio, reported its third straight quarter of profitability as asset quality improved.

BBX Capital (BBX) posted a second-quarter net loss of $12.3 million for its last reporting period with BankAtlantic.

Mackinac Financial (MFNC) in Manistique, Mich., has raised roughly $11.6 million through a rights offering and the sale of common stock to an investor.

Lawmakers have set $10 billion in assets as a dividing line between small and large banks for regulatory purposes. That's left bankers at Trustmark's Gerard Host and other institutions that are approaching the cutoff with a choice: Deliberately limit their size or pursue acquisitions to solidly cross the threshold.

National Penn Bancshares in Boyertown, Pa., has completed restructuring $400 million of fixed-rate borrowings with the Federal Home Loan Bank of Pittsburgh to reduce interest expense and expand its net interest margin.

Six North Carolina businessmen and banking veterans made up the group that raised $13 million to buy First Carolina State Bank in Rocky Mount, N.C., from Capitol Bancorp (CRBC).

A personal touch can help a bank stand out, but providing great service is a challenge in our increasingly digital society. How do you develop meaningful (and lasting) relationships with your customers?

Almost two-thirds of small businesses in the Federal Reserve Bank of New York's region that sought credit received some form of financing, according to a poll conducted by the bank during the second quarter.

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This year's drought could cause many farmers to default on ag loans, particularly those tied to livestock. For banks with high concentrations of ag loans, the drought poses the first major credit challenge since the financial crisis.

Ginnie Mae is considering raising minimum net-worth requirements for issuers of its mortgage-backed securities after being deluged with applications from small mortgage banks. Disruptions in the mortgage market prompted the rush.

A key long-term certificate-of-deposit rate has reached a historic low after falling below 1%.

Two banks that are majority-owned by Piedmont Community Bank Holdings in Raleigh, N.C., have agreed to merge.

Eight banks still have more than $2 billion in loans covered by FDIC loss-sharing agreements, according to data compiled by FIG Partners. Collectively, the FDIC is covering a percentage of losses on $39 billion of loans at those banks. Here are the banks with the largest amount of covered loans at June 30.

Their regulator has achieved for them by administrative fiat what they have been unable to accomplish in Congress.

Credit unions have found another way around the federal cap on business lending. Bankers are livid.

Pacific Mercantile Bancorp in Costa Mesa, Calif., will exit the wholesale mortgage business.

Sandler O'Neill & Partners LP, the 24-year-old investment bank that focuses on financial clients, fired about 20 people in units including trading and deal advisory, said people with direct knowledge of the decisions.

Julius Baer Group Ltd., the Swiss money manager established in 1890, agreed to pay about 860 million Swiss francs ($880 million) for Bank of America Corp.'s Merrill Lynch wealth management business outside the U.S.

First Financial Northwest (FFNW), a company under fire from activist shareholders and regulators, will replace the chief executive of its banking unit next month and has made another important management change.