Guaranty Financial Group Inc., which raised $600 million in July from a group that included the financier Carl Icahn, will probably need another infusion, observers said. But finding investors will be harder this time around.

WASHINGTON — The federal government closed its sale of failed California thrift IndyMac Federal Bank (IDMCQ) to OneWestBank on Thursday, though the U.S. government will share some of the losses on the bank's single family residential loan portfolio.

It has been a while since the Independent Community Bankers of America had a chairman who can commute to Capitol Hill in 90 minutes.

MIDDLE ATLANTIC

Facing capital depletion, Security Bank Corp. in Macon, Ga., is working to raise more, but its auditors question if it can survive.

When controversial accounting rules effectively jeopardized a pending acquisition, Investors Bancorp Inc. in Short Hills, N.J., got angry.

To the Editor:

Temecula Valley Bancorp Inc. joined the list of California companies warning that mounting losses and evaporating capital are casting doubt on their survival.

Flagstar Bancorp's staggering $200.3 million fourth-quarter loss might have seemed as bad as it could get.

CIB Marine Bancshares Inc. is facing bankruptcy because it owes more money on its trust-preferred securities than it can afford to pay.

With the pending sale of its Colorado branches, the pressure to raise capital is off for First State Bancorp. in Albuquerque, but it still must contend with rising problem loans.

To the Editor:

Citing deteriorating credit quality, TIB Financial Corp., of Naples, Fla., said Thursday it lost $13.3 million in the fourth quarter, roughly double the amount it lost a year earlier.

In his first two and a half months as the chief executive of First Federal Bankshares Inc. in Sioux City, Iowa, Levon Mathews has cut expenses by trimming jobs and selling a branch.

Under regulatory pressure to raise capital, First State Bancorp. in Albuquerque is selling its Colorado branches to Great Western Bank in Watertown, S.D.

WEST

Park Avenue Bank in New York said Tuesday that its board members and other investors recently gave it a $25 million cash infusion.

Manhattan Bancorp in El Segundo, Calif., is trying to revive the mortgage conduit business model practiced several years ago by Wall Street firms.