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.

Credit kept worsening at First State Bancorp. in Albuquerque last quarter — leaving the company undercapitalized and its bank unit only adequately capitalized.

The Federal Reserve announced enforcement actions Tuesday against Oklahoma's Commerce Bancshares and Oregon's Merchants Bancorp, moves taken to help maintain financial ...

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Despite raising capital three times in the last 12 months, Macatawa Bank Corp. in Holland, Mich., needs more capital because of mounting losses.

CapitalSource Inc. of Chevy Chase, Md., said Monday that its third-quarter net loss widened 11.2% from the previous quarter, to $274 million, as it increased its loss allowance by 97 basis points, to 5.48% of commercial loan assets.

Donald Marron, whose Lightyear Capital LLC agreed to inject $40 million into Cascade, said that his team has met with roughly 150 management teams at midsize community banks in the past year.

The Federal Deposit Insurance Corp. dusted off rarely used authority to charge the banks for the resolution costs of the other seven insolvencies — ultimately causing the $4.7 billion-asset Park National in Oak Park, Ill., and the $118 million-asset Citizens National Bank in Teague, Texas, to fail as well.

Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19B in assets were closed by the government Friday night.

Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19 billion in assets were closed by the government Friday night.

Two years into the financial crisis, spreads have widened considerably, and Beal's buying is in overdrive. Its assets surged 135% from a year earlier, to $7.5 billion at June 30.

In reporting a $12.6 million third-quarter loss, Cascade Bancorp also announced it has a second regulatory order — private-equity firm willing to give it an infusion.

In reporting a $12.6 million third-quarter loss, Cascade Bancorp of Bend, Ore., also announced it has a second regulatory order — and a private-equity firm willing to give it an infusion.

For the first time in more than two years, nonperforming assets at Atlantic Coast Federal Corp. in Waycross, Ga., went down.

Intermountain Community Bancorp in Sandpoint, Idaho, said its third-quarter loss narrowed by 76% from the second quarter, to $2.7M, or 32 cents a share, as asset quality improved.

For the first time in more than two years, nonperforming assets at Atlantic Coast Federal Corp. in Waycross, Ga., went down.