Cardinal Bankshares Corp. in Floyd, Va., said Friday that its third-quarter earnings nearly tripled year over year, to $829,000.

The $889.4 million-asset company said late Wednesday that it was selling about 62% of its stock still owned by its mutual holding company, or up to 8.7 million shares of common stock, at $8 a share.

The fourth quarter is often a time when banks try to tidy up their balance sheets for the coming year. As they step up efforts to sell problem loans, this quarter could be the big flush.

The fourth quarter is often a time when banks try to tidy up their balance sheets for the coming year. As they step up efforts to sell problem loans, this quarter could be the big flush.

The $2.2 billion-asset Denver company said in a SEC filing that it'd be late reporting its Sept. 30 results because of issues regarding its valuation of mortgage-backed securities.

The $615.2 million-asset parent of Delaware County Bank and Trust is offering voluntary retirement packages under a plan to cut costs by $1 million.

Capital Bank rejected a higher per-share offer from another private-equity firm in favor of a $181 million bid from North American Financial for a majority stake in the company.

With consolidation picking up, an increasing number of investors are becoming activists, either by filing lawsuits over less-than-satisfactory deal terms or starting proxy fights ...

The $1.9 billion-asset company announced Thursday morning that it has one more day to satisfy the closing conditions of a recapitalization deal with its largest shareholder, David F. Bolger, and Donald Marron's Lightyear Capital LLC.

Integra Bank Corp. in Evansville, Ind. said Wednesday that its third-quarter loss widened by 70% compared with the second quarter, to $17.3 million.

Under an informal agreement with regulators, Green Bankshares Inc. in Greeneville, Tenn., has suspended dividend payments, even those owed to the Treasury Department.

NewDominion Bank of Charlotte, N.C., has hired a banking veteran to lead the company out of its consent order.

Cascade Bancorp in Bend, Ore., had until last Friday to secure $150 million of badly needed capital, and it remains unclear whether it got the funding.

A quest to tap local markets has inadvertently made Grandpoint Capital Inc. one of the more culturally diverse banking companies in the country.

Cascade Financial Corp., which received a government bailout, is among three small bank holding companies the Federal Reserve is scrutinizing.

Its $150 million investment in National Penn Bancshares Inc. seems counterintuitive given the Boyertown, Pa., company's strong commitment to commercial real estate lending as others put more emphasis on commercial and industrial loans.

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So the $3.8 billion-asset company has created a safeguard to protect $120 million of tax assets that could be used should the company return to profitability, which given its most recent quarterly numbers could be sooner rather than later.

Northwest Bancshares Inc. of Warren, Pa., has called off its deal to buy NexTier Inc. of Butler, Pa., at the urging of regulators after Northwest's consumer-compliance program was called into question.

Nearly two years after the regulator let a film crew tag along as it seized the $232 million-asset company in a segment for the news program "60 Minutes," the FDIC is going after former officers and directors. In what is expected to be the first of many professional-liability lawsuits against individuals associated with failed banks, the FDIC wants to recoup some losses sustained by its Deposit Insurance Fund in the current economic cycle.