Sound Financial Inc. in Seattle is planning to take the second step to convert from a mutual holding company to an entirely stock one.

NCUA liquidated Eastern New York FCU Friday night and assigned the remnants of the one-time $60 million credit union to USAlliance FCU, the $760 million credit union based in the Manhattan suburb of Rye, N.Y.

Oriental Financial Group Inc. in San Juan, Puerto Rico, has created the position of chief risk officer and has tapped its chief financial officer to take on the role.

In the matter of an evening, Tennessee jumped from having no bank failures so far this crisis, to being tied with Florida so far this year.

A unit of Town and Country Financial Corp. in Springfield, Ill., has agreed to buy a branch in Quincy, Ill., from Associated Banc-Corp.

For a smaller banks such as the $409 million-asset The Bank of Georgia, figuring out how to use social media safely and legally isn't easy.

Dime Community Bancshares Inc. in Brooklyn, N.Y., said that fourth-quarter profit rose, despite a decline in net interest income, because of a lower loan-loss provision.

Last year, United Community flirted with the notion of exiting the Tarp and buying failed banks. Now management is talking about major cost cutting as it struggles to post sustainable profits.

Citizens Republic Bancorp Inc.'s total loan portfolio shrunk $500 million last year, but it entered 2012 with big strides in commercial and industrial lending.

MB Financial Inc.'s fourth-quarter results fell shy of Wall Street's expectations, but things are still looking up for the Chicago company.

West Coast Bancorp in Lake Oswego, Ore., benefitted greatly in the fourth quarter after reversing its remaining deferred tax asset valuation allowance.

Provident Financial Services Inc. reported that its fourth-quarter earnings rose 23% from a year earlier, to $14.9 million, because of an increase in net loans.

Hancock Holding Co.'s fourth-quarter results included hefty costs associated with buying Whitney Holding Corp.

SVB Financial Group's fourth-quarter net income was more than double what it earned a year earlier, at $35.6 million.

Improved asset quality helped Boston Private Financial Holdings Inc. return to the black in 2011 despite declines in revenue.

Glacier Bancorp Inc. in Kalispell, Mont., reported higher earnings after it purged bad loans off its books.

Chemical Financial Corp. in Midland, Mich., reported that its fourth-quarter profit rose 49% from a year earlier, to $11.2 million, because a lower loan-loss provision.

Tennessee has managed to escape the downturn relatively unscathed, and hasn't had a bank fail since 2002. But a new crop of undercapitalized banks and other strugglers have put 10% of the state's banks at some risk of failure.

Columbia Banking System Inc. in Tacoma, Wash., and an aggressive buyer of failed banks, rode those acquisitions to a strong fourth quarter.

ALEXANDRIA, Va. — The NCUA Board this morning approved the proposed merger of Tennessee's Volunteer Corporate CU with West Virginia Corporate CU, accelerating the pace of the corporate restructuring.