Coronado First Bank in California said Tom Stickel, its founder and former chairman, resigned from its board because of a disagreement over whether it should open a branch in downtown San Diego.

Credit unions will be charged higher insurance premiums to cover the $6 billion cost of taking over U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, the National Credit Union Administration said.

Yadkin Valley Financial Corp. of Elkin, N.C., citing a need to preserve capital, cut its quarterly dividend by more than half, to 6 cents a share.

Building banks is almost as much a sport for Nolan Ryan's family as playing baseball.

Richard W. Wright, 80, has resigned from the boards of Temecula Valley Bancorp Inc. and its bank subsidiary for health reasons, the California company said Monday.

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.