Horizon Financial Corp. in Bellingham, Wash., has warned that it may fail because the company and its bank unit are critically undercapitalized.

Nonperforming assets rose dramatically at Tamalpais Bancorp in San Rafael, Calif., forcing it to swing to a loss of $5M in the third quarter, from a profit of $1.5 million a year earlier.

Green Bankshares said "no thanks" to a major shareholder's unsolicited offer to inject up to $40 million of fresh capital into the company so it can buy failed banks.

Green Bankshares Inc. in Greeneville, Tenn., said "no thanks" to a major shareholder's unsolicited offer to inject $25 million to $40 million of fresh capital into the company so it can buy failed banks.

East West Bancorp's takeover of the failed United Commercial Bank not only catapulted the struggling firm to new prominence, but it also sets up a showdown in California between the two biggest Chinese-American lenders.

Fannie Mae has given more than three dozen credit unions until next week to accept an offer of pennies on the dollar for about $125 million of their mortgages that the defunct U.S. Mortgage fraudulently sold to Fannie.

The seizure of its $13 billion-asset United Commercial Bank on Friday suggests that even institutions the Treasury Department had the most confidence in a year ago are not all going to be winners in this down cycle — or, for that matter, survivors.

Officials announced the elaborate closing of San Francisco-based United Commercial Bank Friday night in a deal involving both U.S. and Chinese regulators and a buyer poised to assume the bank's operations immediately.

In an interview during the ABA's annual meeting in Chicago late last month, Johnson said that after a decade's worth of job losses in Michigan, his intent as chairman is to advocate for the kind of political change that will help jump-start the economy.

Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.

Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.

MIDDLE ATLANTIC

Enforcement actions often call for banks to increase capital, but a recent order for Hanmi Financial Corp. shows regulators are getting pickier. They want more common equity.

During a period when more pressure than usual is on us to cross-sell products, the temptation to pile on the marketing is natural. But in some situations, saying "less is more" has real merit.

Bryn Mawr Bank Corp. in Pennsylvania has a deal to expand in Delaware County by buying First Keystone Financial Inc. in Media. The $1.2 billion-asset Bryn Mawr agreed to pay about $32.7 million for First Keystone.

Consumer bankruptcies rose 27.9% in October from a year earlier, the American Bankruptcy Institute said Wednesday.

Georgia Bancshares Inc. in Peachtree City has agreed not to pay dividends or incur debt without Federal Reserve Board approval.

For months now, Central Pacific Financial has been aiming at a moving target in trying to raise capital. And after a staggering $183M third-quarter loss because of rising loan trouble, the target just moved again.

Bryn Mawr, Pa.-based Bryn Mawr Bank Corp. has agreed to pay about $32.7 million for Media, Pa.-based First Keystone Financial Inc. with a view to folding First Keystone into subsidiary Bryn Mawr Trust Co.

Despite posting its fifth consecutive quarterly loss, and its biggest one yet by far, Flagstar Bancorp Inc.'s new chairman and chief executive insisted the company could be a potential acquirer once it raises more capital.