The Federal Reserve announced enforcement actions Tuesday against Bank of Virginia of Midlothian and the parent company of Gwinnett Community Bank of Duluth, Ga.

The government seized banks in three states late Friday, bringing the failure total in the new year to four.

The government seized banks in three states late Friday, bringing the failure total in the new year to four.

Capitol Bancorp Ltd. continued its selling spree, on Friday announcing its 10th deal since May.

Pacific Capital Bancorp Inc. has completed the sale of its tax division to a private-equity firm but said it is "highly unlikely" that the deal would let its tax-preparation partners offer more tax loans this year.

The Federal Reserve has ordered Old Southern Bank in Orlando to find a buyer or increase its equity in the next month.

California regulators have approved three more mergers of failed state-chartered credit unions.

Bank consultants say the double denial could signal that the significantly undercapitalized Amcore is running out of options and that without dramatic action to restore its languishing capital the bank's days could be numbered.

First Midwest Bancorp Inc. in Itasca, Ill., on Thursday announced the pricing of its public offering, of 16.4 million shares of common stock.

The Federal Reserve has ordered the Orlando, Fla.-based Old Southern Bank to either find a buyer or increase its equity within the next month.

Old National Bancorp of Evansville, Ind., said Wednesday that its fourth-quarter results would take a hit from a $12 million loss on a "non-real-estate loan participation."

The $4 billion-asset company in Rockford, Ill., announced in a Securities and Exchange Commission filing Wednesday that the Office of the Comptroller of the Currency rejected the company's Dec. 4 capital plan for its Amcore Bank unit, saying it was not based on realistic assumptions.

WASHINGTON — The Federal Deposit Insurance Corp. late Wednesday announced it will sell Independent Bankers' Bank Bridge Bank to The Independent BankersBank of Irving, Texas.

First Catholic Federal Credit Union of Taylor, Mich., has sued to terminate CUSO Mortgage Inc.'s loan servicing contract.

A bank holding company based in Chicago has agreed not to declare or pay dividends without Federal Reserve approval.

The $499 million-asset company in Elmira, N.Y., reported Tuesday that it earned $4.5 million in 2009, up 50% from a year earlier. The company said the record earnings outpaced its projections for an expansion in the Finger Lakes market in 2007.

North Asia Investment Corp., a $50 million special-purpose acquisition company led by a group of South Korean investors, announced Tuesday that it has agreed to acquire Pacific City Financial Corp., a Los Angeles company that caters to Korean-Americans.

In his Jan. 8 Viewpoint, "A Better Charter Alternative for Credit Unions", Alan D. Theriault recommends rules that more aggressively promote the conversion of credit unions to banks, citing capital pressures as the reason. But his call for credit unions to give up their charter flies in the face of today's economic realities and public sentiment.

Determining that Barnes Banking Co. of Kaysville, Utah, is "critically undercapitalized," the Federal Reserve Board said Monday that the company should issue new shares or sell itself to another depository institution by Friday.