Shares of Bridge Capital Holdings fell sharply Friday after the San Jose, Calif., company restated its second-quarter earnings to show a $1.3 million loss.

Columbia Bancorp in The Dalles, Ore., is shuttering its mortgage division and slashing about 18% of its work force in response to the housing slowdown in the Pacific Northwest, though analysts say it remains exposed to credit deterioration in other sectors.

Capitol Bancorp Ltd. in Lansing, Mich., plans to open a bank in Pittsburgh, which would be only the fourth start-up for that region in 40 years, according to the Pittsburgh Business Times.

Valley National Bancorp of Wayne, N.J., said late Wednesday that the fair market value of its Fannie Mae and Freddie Mac preferred stock declined by $40 million from June 30 to Sept. 2.

The community banks that use legacy systems for core technology applications are in for some challenging times.

Bank of Internet USA has never hidden its contrarian streak.

The Office of Thrift Supervision has notified BankUnited Financial Corp. that its regulatory capital status was changed from "well capitalized" to "adequately capitalized."

First Merchants Corp. of Muncie, Ind., said Wednesday that it is acquiring the $890 million-asset Lincoln Bancorp of Plainfield to fill out its Indianapolis operations.

Jeanne Delaney Hubbard has resigned as chairwoman, president, and chief executive officer of Abigail Adams National Bancorp Inc. in Washington.

Mercantile Commercial Capital LLC of Florida, which specializes in Small Business Administration 504 loans, often touts the fact that it is not a bank. But eager for cheap deposits to fund its growth, the privately held lender is applying to become one.

MIDWEST

Two weeks after being forced to relinquish his chairmanship, Robert J. Weatherbie has resigned as the chief executive officer of Team Financial Inc. in Paola, Kan.

Signature Bank in New York said Tuesday that it intends to sell 3.5 million shares of its common stock to the public that, at its current share price, could raise more than $100 million.

First National Bank of Greencastle in Pennsylvania has agreed to monitor its lending more closely under a memorandum of understanding with the Office of the Comptroller of the Currency.

Many banks targeting African-Americans have struggled with attracting enough deposits within their communities, but a grassroots organization is trying to offset that trend by urging people to deposit funds in such institutions — even if they live thousands of miles away.

United Community Banks Inc. in Blairsville, Ga., said it secured a $30 million loan to boost its capital position.

State and federal regulators ordered Orion Bancorp Inc. of Naples, Fla., to clear troubled loans off its books quickly, improve its workout procedures, and reduce its concentration of loans to real estate developers.

Republic Bancorp Inc. has never been much of a dealmaker, but with its stock price surging and its coffers full from record profits, the Louisville company is spreading the word that it is interested in buying banks.

Franklin Bank Corp. in Houston has named Alan E. Master, its president since May, as chief executive officer.

Rockland Trust Co. in Massachusetts has raised $30 million in a private placement and said it would use the proceeds to support growth and for general corporate purposes.