The Office of Thrift Supervision has ordered the $34 million-asset Universal Savings Bank of Milwaukee to come up with a plan to sell itself and eliminate all deposits by July 31.

Two more Midwest thrift companies have announced plans to merge rather than try to slug it out alone in markets that are barely growing and where competition is already intense.

Proposed legislation that would allow all credit unions — regardless of charter type — to set up shop in low-income neighborhoods has rankled the banking industry.

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Related Links Complete 2Q 2007 Earnings Coverage

Cullen/Frost Bankers Inc.'s second-quarter profits beat Wall Street's expectations as stable credit costs and margin expansion offset another quarter of balance-sheet contraction.

Related Links Complete 2Q 2007 Earnings Coverage

Related Links Complete 2Q 2007 Earnings Coverage

Related Links Complete 2Q 2007 Earnings Coverage

Capital Corp. of the West in Merced, Calif., has postponed the release of its second-quarter earnings while it evaluates the effects of a nonperforming construction loan.

Beneficial Mutual Bancorp Inc. in Philadelphia has had an inauspicious first week as a publicly traded company, but its new president and chief executive, Gerard P. Cuddy, says he is confident it will win over investors.

Related Links Complete 2Q 2007 Earnings Coverage

NewAlliance Bancshares Inc. in New Haven, Conn., said Monday that it would record a pretax loss of $28.3 million spread over two quarters to restructure its balance sheet.

Related Links Complete 2Q 2007 Earnings Coverage

Did lackluster second-quarter earnings at Community Trust Bancorp Inc. of Pikeville, Ky., hurt its chances of winning a bidding war for another Kentucky bank?

Cadence Financial Corp. in Starkville, Miss., said Friday that it will slash its previously reported first-quarter earnings from $3.7 million to $103,000 after discovering certain securities were improperly classified.

Oak Hill Financial Inc. chairman John D. "Jack" Kidd gave a simple explanation for why the Jackson, Ohio, company is selling itself to WesBanco Inc. of Wheeling, W.Va., for $201 million.

United Bankshares Inc. in Charleston, W.Va., has averaged about one acquisition a year for the last 23 years, but some observers are wondering whether its latest deal may be its last.

Umpqua Holding Corp.'s shares fell sharply Thursday after the Portland, Ore., company reported second-quarter earnings that fell short of analysts' forecasts.