California got a small taste of bank dealmaking Wednesday that didn't involve a failed or ailing institution.

An intensified effort at promoting financial literacy among prospective homebuyers might be more effective than strict regulations to prevent another foreclosure crisis, a Federal Reserve official said Tuesday.

The law firm of former Louisiana Attorney General Charles C. Foti Jr. said Tuesday that it filed a securities-fraud class action against CVB Financial Corp.

Madison National Bancorp Inc. of Hauppauge, N.Y. swung from a first-quarter net loss to net income of $208,303 in the second quarter.

MidSouth Bank in Murfreesboro, Tenn., was well capitalized at the end of the second quarter and the Federal Reserve wants to make sure it stays that way.

Broadway Federal Bank in Los Angeles is set to receive a $750,000 award from the Treasury Department for its work in low- to moderate-income communities.

Capitol Bancorp Ltd. has completed another divestiture — this time of its 51% stake in the $64 million-asset USNY Bank in Geneva, N.Y.

Iberiabank Corp. in Lafayette, La., said it will consolidate its federally chartered thrift subsidiary into its commercial banking subsidiary by early October as a result of "sweeping changes" in the banking industry.

It has been three years since community banks started feeling the effects of the economic downturn, and as losses have piled up, so have deferred tax assets.

Weststar Financial Services Corp. in Asheville, N.C., has reported a $14 million second-quarter loss, compared with net income of $434,000 a year earlier.

F.N.B. Corp. in Hermitage, Pa., is selling its bond and transfer agent business to U.S. Bancorp. The $8.6 billion-asset company said in a statement last week that it decided to exit the business because growing administrative costs had become prohibitive for a regional trust company.

Heritage Financial Group in Albany, Ga., said Monday that it will revise its accounting treatment of problem loans acquired in a failed-bank deal last year.

Shareholders of Farmers Banc National Corp. in Canfield, Ohio, rejected two key proposals at the company's annual meeting, the company said Friday.

The deal structure allowed the group that bought ShoreBank's deposits and nearly all its assets to sidestep a politically sensitive subject: open-bank assistance.

Two of the three community banks in Fall River, Mass., are planning to combine. The $694.7 million-asset Citizens-Union Savings Bank announced a deal Monday to acquire the $163 million-asset Bank of Fall River. The combined mutual savings bank would have about $861 million in assets, edging out the $700.2 million-asset Bank Five, the other bank based in the city.

The Center for Financial Services Innovation, a nonprofit organization that focuses on financial services for underbanked consumers, will continue to operate as usual, despite the Aug. 20 failure of its affiliate bank, ShoreBank Corp.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

First Security Inc. in Owensboro, Ky., decided on the latter last week when it decided to call off a deal to buy three Indiana branches and a pool of loans from the struggling, $3 billion-asset Integra Bank Corp.

ShoreBank, the country's first community development bank, failed Friday night after months of struggling to find a way to stay afloat. However, it will continue in a different form.

Sterling Financial Corp. of Spokane has found a way to raise $730 million in fresh capital, including an expansion of its investments from the private-equity firms Warburg Pincus LLC and Thomas H. Lee Partners LP.