Regulators have given Community Bank of West Georgia in Villa Rica until early June to get adequately capitalized.

WEST

The last thing a community bank suffering from bad loans needs is a downgrade on its investments.

For six years, Town North Bank in Dallas has been buying up credit card portfolios from credit unions, but now it is shedding this lucrative business to raise capital.

Regulators expect Corus Bankshares Inc. of Chicago to submit plans this week for recapitalizing itself and its bank, but the $7.7 billion-asset condominium lender said it is unsure about those plans passing muster.

The critically undercapitalized Peoples Community Bancorp Inc. of West Chester, Ohio, might stave off failure with the deal it announced Monday to sell nearly all of its branches.

Auburn National Bancorp. Inc. in Alabama said it expects the failure of Silverton Bank to cut into two quarters' worth of earnings.

AmericanWest Bancorp. in Spokane must boost capital at its banking unit by Sept. 8 under a cease-and-desist order from the Federal Deposit Insurance Corp. and the Washington State Department of Financial Institutions.

Irwin Financial Corp., which desperately needs capital, is proposing that the Treasury Department create a program for companies that are too weak to qualify for a government infusion under existing rules.

Southeast Acquisition Holding Corp. in Coconut Grove, Fla., has kicked off what it hopes will be a buying spree in South Florida.

Banks that want to sell themselves generally have a hard time finding a buyer these days, but not so for CNB Financial Corp. in Worcester, Mass.

A few years ago the banking profession was riding high. People respected banks, and banking was a career that was well regarded.

As large institutions race to repay government capital, the Treasury Department is offering smaller ones another chance to take the money.

MIDWEST

Shares of Cadence Financial Corp. in Starkville, Miss., fell Tuesday after the $2.1 billion-asset bank said that its first-quarter loss would be significantly higher than it previously estimated.

Another banking company has tallied the impact of Silverton Bank's failure on its bottom line.

Though credit quality continued to be an issue at its Kansas and Florida banks, Mercantile Bancorp Inc. of Quincy, Ill., nearly halved its first-quarter loss compared with a year earlier.