First PacTrust Bancorp in Chula Vista, Calif., said late Tuesday that it expects to raise about $31.5 million from selling common stock.

The struggling Anchor BanCorp Wisconsin reported a loss of $21.7 million for the quarter that ended March 31, narrowing losses by 27% from a year earlier.

First BanCorp struck a deal with Oaktree Capital Management L.P. for a roughly $175.5 million investment, marking the completion of the bank's effort to raise more than $500 million in fresh capital.

Acquiring banks have agreed to resolve the unpaid Tarp funds of target institutions, bringing the number of such deals to 16 with the vast majority taking place since mid-2010.

The $135 billion-asset company plans to use the branch to provide financing, syndicated lending and foreign-exchange trading, the Fed said in a press release Tuesday.

Lawmakers sided with community banks on Tuesday in expressing concern that a pending risk retention rule and other new regulations will soon drive small institutions from the mortgage business.

The Fed announced written agreements with four banking companies: Southern Community (N.C.), First Community (Texas), First Chatsworth (Ga.) and First National (Ala.)

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Despite pleas by the credit union lobby, Gov. Scott Walker signed a state budget bill with a measure making it easier for credit unions to convert to banks.

Richard M. Riccobono, the former chief executive at the Federal Home Loan Bank of Seattle and one-time deputy director at the Office of Thrift Supervision, has landed a new job as the chief banking regulator in Washington State.

Cash-strapped Santa Lucia Bancorp in Atascadero, Calif., has called off its plan to raise capital through a stock offering because it has found a buyer instead.

Urban Partnership Bank has spent nearly a year finding ways to continue ShoreBank's mission of banking the underserved while also avoiding the failed bank's fate.

Pioneer Bank in Dripping Springs, Texas, said it was cleared to receive about $3 million from the program, according to Monday's online edition of the Austin Business Journal. The $106.4 million-asset bank is expected to swap preferred stock for SBLF funds.

Hanmi Financial Corp.'s on-again, off-again relationship with South Korean banking giant Woori Finance Holdings Co. is back on again.

Opus Bank in Irvine, Calif., has received regulatory approval to buy Cascade Financial Corp. in Everett, Wash.

Bank of the Carolinas Corp. said it has retained Hutchison Co., an investment bank in North Carolina, to help it look at strategic options to enhance shareholder value.

International regulators eased back slightly on a proposed capital surcharge for the largest institutions, setting a range below the expected 3%.

Georgia state regulators shut $103.7 million-asset Mountain Heritage Bank in Clayton on Friday, making it the 48th bank to fail so far this year and 14th failure in Georgia.

Georgia state regulators shut $103.7 million-asset Mountain Heritage Bank in Clayton on Friday, making it the 48th bank to fail so far this year and 14th failure in Georgia.

MB Financial Inc. in Chicago is selling the bulk of its problem real estate and construction loans to a California investment group that has been an active acquirer of failed-bank assets.