James D. MacPhee, who will become chairman of the Independent Community Bankers of America this week, has the right pedigree for the job at the right time.

A legal battle is brewing between the parent company of AmTrust Bank of Cleveland and the federal regulators who took over the failing thrift late last year.

First Financial Services Corp. in Hendersonville, N.C., reported a $9.9 million fourth-quarter loss, six times the $1.6 million loss it posted in the same period a year earlier.

Sterling Bancorp in New York has priced its public offering and increased the number of shares the company will offer.

Gary L. Nalbandian, the Harrisburg, Pa., company's president and chief executive, said it will expand organically after its bid for Republic First Bancorp Inc. in Philadelphia collapsed.

Metro Bancorp in Harrisburg, Pa., has called off plans to buy Republic First Bancorp in Philadelphia.

Capitol Bancorp Ltd. said Monday that it has a stock redemption agreement with USNY Bank to sell its 51% interest in the $64 million-asset bank.

S.Y. Bancorp Inc. in Louisville announced revised fourth-quarter and full-year results after discovering a fraud-related problem loan.<

More than a year after the massive bank bailout started, officials announced the first fraud case Monday against an executive charged with trying to game the government's help.

In recent weeks some bank stocks have been delisted for failing to meet the market's $1 minimum bid price requirement, and as Nasdaq cracks down, other banks are choosing to delist voluntarily before they get kicked out.

Flagstar Bancorp in Troy, Mich., announced Monday that it is raising additional capital a month after an effort to raise funds from existing shareholders came up short.

Many financial institutions' main Web sites include microsites — pages that promote a specific product or service. They're not too flashy or innovative, not too expensive, not too taxing on the technology department and certainly present no threat of overshadowing the banks' primary sites.

Prosecutors are expected to announce the arrest of Charles J. Antonucci Sr., the former president of The Park Avenue Bank, which was closed by regulators on Friday.

Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

Instead of raising enough capital for a worst-case scenario, Bank of Florida plans to raise just enough to be considered adequately capitalized and plans to grow after that through earnings.

WASHINGTON — The government closed state-chartered banks in New York, Florida and Louisiana late Friday to bring the year's failure tally to 30.

Cardinal Bankshares Corp. of Floyd, Va., announced Friday that earnings declined 64.7% in 2009.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.

Fox Chase Bancorp Inc. in Hatboro, Pa., has become the latest converted mutual to announce a second-step conversion.

Regulators decided on a rare Thursday seizure because a Friday evening closure would have conflicted with the Jewish Sabbath.