LandMark Bank of Florida in Sarasota is now operating under a prompt corrective action directive from the Federal Reserve.

Even with something few aspiring de novos can claim — $25 million of initial capital — launching has been a long, complicated process for Start Community Bank.

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SharePlus Federal Bank in Plano, Texas, has moved one step closer to becoming a publicly traded company.

Integra Bank of Evansville, Ind., has closed its last branch sale in a string of five such deals it made this year to raise capital levels.

Central Virginia Bankshares Inc. in Powhatan has called off its rights and stock offering amid concerns about market conditions.

The $2.8 billion-asset company announced Friday that it had signed agreements with several institutional investors for a direct placement of $10 million of common equity. The shares are to be sold at $5.25 a share, a 7% discount to Thursday's closing price.

The National Credit Union Administration took under conservatorship three more troubled corporate credit unions Friday as part of is effort to shed the corporate system of toxic assets.

Two failures on opposite coasts Friday evening brought the year's toll to 127. Florida regulators closed the $148 million-asset Haven Trust Bank in Ponte Vedra Beach. Later, the $289 million-asset North County Bank in Arlington, Wash., was shuttered.

Issues that have hindered deals in the past few years have led some banks in the past few months to amend their agreements, while even more have terminated them.

Issues that have hindered deals in the past few years have led some banks in the past few months to amend their agreements, while even more have terminated them.

Charter Financial expects to raise up to $34.2 million of fresh capital through a public offering — barely half what it had hoped to raise initially.

ALEXANDRIA, Va. — NCUA said it took under conservatorship three more troubled corporate credit unions this afternoon as part of is effort to shed the corporate system of toxic assets.

The NCUA Board's new corporate credit union rules will bar corporates from investing in a variety of risky investments.

Dave Widlak, the president and chief executive of Community Central Bank Corp. in Mount Clemens, Mich., has been missing for days.

A Los Angeles Superior Court judge has thrown out a lawsuit filed on behalf of shareholders by the former chairman of Nara Bancorp, a Los Angeles company serving the Korean-American community.

With problem real estate loans drying up earnings and diminishing capital at Cadence Financial, Trustmark is stepping in to rescue its longtime Mississippi rival.

The Brookfield, Wis., banking technology vendor said Thursday that the $3.6 billion-asset Patelco is planning to implement its Acumen software to help its expansion efforts.

Umpqua Bank said Wednesday that it is opening a commercial banking center in northern Nevada that will be led by a former US Bank commercial banking veteran in that market.

The $355.7 million-asset company announced Tuesday that it had completed its second-step conversion by selling 1.7 million shares of common stock at $10 a share.