United Community Banks Inc. is finally back in the black after it unloaded scores of problem assets and raised $380 million of fresh capital.

Eagle Bancorp Inc. in Bethesda, Md., has agreed to acquire Alliance Bankshares Corp. in Chantilly, Va.

IberiaBank Corp.'s shares plunged Wednesday after a litany of charges cut into the banking company's second quarter earnings.

BankAtlantic Bancorp Inc. returned to profitability in the second quarter due largely to its 19-branch sale to PNC Financial Services Group Inc.

First PacTrust Bancorp Inc. in Chula Vista, Calif., said Wednesday that it raised an additional $542,500 from a common stock offering after its underwriters exercised a small portion of an overallotment option.

Don Adam’s American Momentum shifts from building to buying in Sunshine State.

In an overdraft class action, plaintiffs' attorneys moved to unseal records in the case. This move could prompt greater public scrutiny of banks' motives.

PNC's purchase of two dozen Flagstar branches in Atlanta illustrates how the market for asset divestitures may be thawing as whole-bank transactions remain frozen.

United Federal Credit Union in St. Joseph, Mich., has agreed to buy Griffith Savings Bank.

UMB Financial Corp. in Kansas City, Mo., reported earnings of $26.3 million, up 14.4%, as credit costs fell and noninterest income jumped.

Wintrust Financial Corp. in Lake Forest, Ill, said Wednesday that second-quarter earnings fell 10% from a year earlier, to $11.8 million.

FirstAtlantic Bank said Wednesday that it had agreed to buy CenterBank in a deal that will combine two Jacksonville, Fla., banks.

Security Savings Bank in Southport, N.C., said that it has hired an Atlanta firm to help it explore strategic option, including a possible sale.

Jim Grant discusses public policy and industry consolidation.

Cullen/Frost Bankers Inc. in San Antonio reported that second-quarter earnings rose 5.3% from a year earlier, to $55.7 million, although the company struggled to capitalize on a windfall of excessive liquidity.

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After striking two deals around Kansas City, Mo., last year, Laney, the Boston-based president and chief executive of NBH Holdings Corp., has moved on to Colorado, buying the $1 billion-asset Bank of Choice in Greeley on Friday in a deal with the Federal Deposit Insurance Corp.

Trustmark Corp. in Jackson, Miss., said Tuesday that its second-quarter earnings jumped 21% from the same period last year, to $31.6 million.

Warburg Pincus, one of the oldest and best-known private-equity players, has arrived at a strategy that experts say might offer a blueprint for the next phase of private-equity investing in banks.

Sterling Bancorp in New York reported strong loan and deposit growth in the second quarter, but profits were dampened somewhat by the cost of exiting the government's Troubled Asset Relief Program.