Oneida Financial Corp. of New York said it has received conditional regulatory approval to commence its second-step conversion from a mutual to a stock company.

NorCal Community Bancorp of Alameda, Calif., posted a $2 million first-quarter loss, compared with net income of $340,000 a year earlier.

The thrift industry reported a $1.82 billion profit in the first quarter, the third consecutive quarterly profit since the financial crisis began, the Office of Thrift Supervision said Monday.

Nine months after it unsuccessfully sought to raise capital in the public market, Hampton Roads Bankshares Inc. in Norfolk, Va., has persuaded private-equity firms to get on board.

Small business entered the recession with too much leverage compared with big business, some economists argue, and, in some respects, their debt burdens have gotten worse.

Losses at corporate credit unions continue to pile up at an accelerated pace, raising doubts about their ability to continue as "going concerns."

The FDIC said Coulee Bank in La Crosse, Wisc., will acquire the operations of the $61 million-asset, state-chartered Pinehurst Bank in St. Paul, Minn.

The FDIC said Coulee Bank in La Crosse, Wisc., will acquire the operations of the $61 million-asset, state-chartered Pinehurst Bank in St. Paul, Minn.

Often finding the start-up route clogged, former bank executives looking to restart their careers are finding ready re-entry platforms via small-bank acquisitions.

Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

WASHINGTON — Though House and Senate lawmakers still have plenty of issues to work out in the final regulatory reform bill, one thing is already clear: The legislation will do little to streamline the fractured financial regulatory framework.

The National Credit Union Administration announced Thursday that it has added eight credit unions to its troubled-institution list and set aside another $170 million to cover losses at credit unions.

The Federal Reserve has ordered Albina Community Bancorp in Portland, Ore., to serve as a source of strength to its struggling community development bank.

Astoria Financial Corp. in Lake Success, N.Y., says it wants to be ready to raise capital should it need it.

Cadence Financial Corp. in Starkville, Miss., plans to raise as much as $92 million to satisfy a recent regulatory consent order.

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Troubled debt restructurings are on the rise, and they're causing regulatory headaches for bankers worried about how to properly designate and disclose the modified loans.

With the latest allegations about Goldman Sachs and others, it seems the public is ready to believe that everyone in a bank must be a crook. I, for one, do not believe it.

DALLAS — The Texas Education Agency will distribute more than $1 billion of federally subsidized qualified school construction bonds to local districts under an allocation procedure issued Monday.

WASHINGTON — The House Financial Services Committee approved a bill Wednesday to create a $30 billion fund to encourage small-business lending, despite Republican objections that the legislation was another version of the unpopular Troubled Asset Relief Program.