Beneficial Mutual Bancorp's public offering might be nine months away, but investors are already betting it will be a big one.

Eastern Virginia Bankshares in Tappahannock reported a record $2 million of net income for the third quarter, up 16.7% from a year earlier. Per-share earnings rose 17.6%, to 40 cents.

Cascade Bancorp in Bend, Ore., said its third-quarter net income rose 70.4% from the same quarter last year, to $10.5 million, mainly because of the April acquisition of F&M Holding Co. in Boise, Idaho.

WASHINGTON - In the three decades that America's Community Bankers has been publishing its annual bank compensation and benefits survey, one consistent trend has been that executive salaries generally rise from year to year.

Industry consolidation has led to a merger of two more state banking trade groups.

Rurban Financial Corp. of Defiance, Ohio, announced that it had applied to its regulators to open a full-service branch in Fort Wayne, Ind.

A New Jersey home builder that has filed for bankruptcy protection owes a dozen banks $248 million, and though bankers say they are confident they will be repaid, some other observers are wondering if the filing is a sign of things to come.

SOUTHEAST

After a decade on the sidelines, Sandy Spring Bancorp Inc. in Olney, Md., returned to the acquisition market by announcing a deal to buy its first bank outside its home state.

Joe Matisoff is used to turnaround situations.

Pennsylvania has one of the highest concentrations of banks in the United States - 255 at March 31 - and the state's southeast corner is particularly crowded, with 156 banks in the Philadelphia area.

A number of Midwestern banking companies are eyeing Sun Belt states for growth, but Integra Bank Corp. in Evansville, Ind., sees plenty of opportunity closer to home.

Six months after members of DFCU Financial Credit Union in Dearborn, Mich., effectively torpedoed the credit union's bid to switch to a mutual savings bank, the members are still trying to oust board members who supported the conversion.

Longtime Texas banking regulator Gaye Griffin died of stomach cancer Tuesday. He was 50.

Continuing with its plan to bulk up in fast-growing markets in the West, First State Bancorp of Albuquerque has struck a deal that would nearly double its branch network in Colorado's Front Range.

Now that it has wrapped up its corporate restructuring, First Financial Bancorp in Hamilton, Ohio, is turning its attention to building its retail business.

Whitney Holding Corp. of New Orleans announced Thursday that it has agreed to buy the $258 million-asset Signature Financial Holdings Inc. in St. Petersburg, Fla., for $62 million in cash and stock.

Capitol Bancorp Ltd, of Lansing, Mich., has opened its first Ohio banking unit, Bank of Maumee.