The $72 million-asset bank announced late Tuesday that last month it sold $1.7 million, about a quarter of the $6.9 million of nonperforming assets it had at the end of the second quarter. An additional $907,000 of nonperformers are expected to close this month.

The three-year-old Solera National Bancorp Inc. in Lakewood, Colo., has struck its first acquisition deal. The $140 million-asset company announced Wednesday that it has entered into an agreement to buy the Lakewood branch of Liberty Savings Bank, a $1.1 billion-asset thrift in Wilmington, Ohio.

The Securities and Exchange Commission wants information about the credit standards at CVB Financial Corp. in Ontario, Calif. The $6.8 billion-asset company disclosed in its quarterly filing on Monday that it received a subpoena from the SEC on July 26.

The Pennsylvania State Employees Credit Union in Harrisburg has deployed mortgage software from S1 Corp., a Norcross, Ga., developer of financial technology.

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Merger and acquisition agreements are including more specific and sophisticated provisions for adjusting the deal price, or even letting a buyer back out, if the credit quality of the seller's portfolio deteriorates.

Recent reform legislation coupled with heightened enforcement ferver has given rise to concerns that increased regulatory costs, both implicit and explicit, will make it difficult for small community banks to continue operating and may force them to sell or seek strategic mergers.

Sabadell United Bank has completed its merger with TransAtlantic Bank, making it the fourth-largest Florida bank based in Miami-Dade County.

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Crisis lesson No. 1: Don't wait to hold your company's first-ever conference call with investors until a few days after your stock plummeted.

F.N.B. Corp. has agreed to acquire Comm Bancorp for $70 million of cash and stock as part of the company's expansion efforts into the eastern part of the Keystone State.

A gust of stock offerings is expected this fall from community banks, some bracing for heightened capital standards, others seeking to repay government capital and a few chasing acquisitions.

A Northwest thrift that acquired a failed bank just seven months ago has entered into a memorandum of understanding with federal regulators.

In an attempt to ensure quality service, improve monitoring, anticipate the need for adjustments and take full advantage of upgrades to image-enabled machines, the 650,000-member credit union has licensed an ATM management product from NCR Corp. that provides online operational information, performance measurements and inventory analysis.

Perhaps the greatest argument for ending the de facto moratorium on new bank charters is that the credit they would provide to Main Street would help revitalize the real economy and in so doing may improve loan values at legacy banks.

Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

WASHINGTON — Illinois' failure tally for 2010 continued to grow late Friday with the closure of $265 million-asset Ravenswood Bank.

Summit Financial Group Inc. in Moorefield, W.Va., said Friday that it narrowed its second-quarter loss 14.5% from a year earlier.

Territorial Bancorp Inc. of Honolulu posted a 43.5% increase in second-quarter net income from a year earlier, to $3.2 million.