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.

The Bancorp Inc. of Wilmington, Del., said last week it has repaid the $45.2 million it received through the Troubled Asset Relief Program.

Bank of Florida Corp. unveiled a two-pronged capital-raising plan Friday to raise a projected $45 million, with shares outstanding potentially surging toward 100 million from the current 13 million.

The U.S. earned $11.15 million in its latest auction of warrants obtained from institutions that were once part of its $700 billion financial company rescue program.

WASHINGTON — State regulators shut $209.7 million-asset LibertyPointe Bank of New York, a rare move for a Thursday evening that usually indicates a bank's condition was deteriorating rapidly.

In what would be the biggest credit union merger to date, Addison Avenue Federal Credit Union and First Tech Credit Union have announced an agreement to combine and create a credit union with almost $5 billion of assets.

MetroCorp Bancshares Inc. in Houston announced a revision to its fourth-quarter results, widening its loss largely as a result of additional loan-loss provisioning.

Heritage Oaks Bancorp in Paso Robles, Calif., said it plans to raise $60 million through a private placement of preferred shares.

PAB Bankshares Inc. in Georgia says it plans to raise $85 million through a common stock offering.

Tower Bancorp Inc. in Harrisburg, Pa., doesn't mind taking on the problem assets of First Chester County Corp., but it wants no part of its mortgage business.

The Federal Reserve is requiring Idaho Bancorp to submit a plan to maintain sufficient capital.

Brookline disclosed last week that George C. Caner Jr. had resigned from the $2.5 billion-asset company's board of directors.

The closing of the sale of Harleysville National Corp. to First Niagara Financial Group of Buffalo has been pushed back.

MIDWEST

FirstMerit Corp. of Akron, Ohio, will need sharp elbows as it expands into the city of broad shoulders.

As reform moves forward, Congress should focus risk retention on securities and high-risk assets that have been proven to generate high defaults, market imbalances and disruptions.

President Obama now has an historic opportunity to make sure that the small group of governors that runs the Fed represents consumers and not just the banking industry.

[Re "Politics, Economics Clash in CUs' Bid to Lift Cap," March 8]Doubling the credit unions' member business loan limit won't increase small business lending or create jobs.

The Federal Reserve is requiring Idaho Bancorp, which operates the Idaho Banking Co., to submit a plan to maintain sufficient capital.