A securities class-action lawsuit against Wilshire Bancorp Inc. in Los Angeles has been dismissed after the plaintiffs failed to file an amended complaint in the case.

Despite strong asset and deposit growth, First PacTrust Bancorp Inc. swung to a loss in the fourth quarter as the Irvine, Calif., company sharply increased its loan-loss provision to reflect both a surge in total loans and an increase in impaired loans.

ECB Bancorp Inc. will no longer buy the deposits and certain assets of seven North Carolina branches from Hampton Roads Bankshares Inc. in Norfolk, Va., after funding for the deal fell through.

The Treasury Department is planning a new strategy to recoup its Tarp investments: auctioning off outstanding preferred stock in six banks. The six are: Banner of Walla Walla, Wash.; First Financial of Charleston, S.C.; MainSource of Greensburg, Ind.; Seacoast in Stuart, Fla.; Wilshire in Los Angeles; and WSFS in Wilmington, Del.

Tom Grady resigns after eight months on the job to temporarily lead Florida's biggest insurer.

MB Financial Inc. in Chicago has repurchased $196 million of preferred shares issued to the Treasury Department as part of the Troubled Asset Relief Program.

The Federal Reserve's stress tests and capital decisions this week help clarify which banks can afford to buy, how much they can pay and which might need to sell.

Starved for growth, several community banks are putting aside distrust from the financial crisis to seek out partners for bigger commercial loans.

Two small Massachusetts mutual thrifts are planning to join forces in hopes of gaining the scale to better compete against larger banks.

The Federal Deposit Insurance Corp. is expected Tuesday to propose targeted changes to how banks with more than $10 billion of assets pay deposit-insurance premiums.

For the second time in less than a year, Colony Financial Inc. in Los Angeles has raised fresh capital through a stock offering.

Speaking at the annual Best Practices in Retail Financial Services Symposium, U.S. Bank CEO Richard Davis and Citizens Republic CEO Cathleen Nash urged retail bankers to consider a proactive approach to new industry regulations.

Northfield Bancorp Inc. in Avenel, N.J., has agreed to buy Flatbush Federal Bancorp Inc. in Brooklyn, N.Y., in a deal that will combine two mutual holding companies.

Wintrust Financial Corp. in Lake Forest, Ill., will raise up to $126.5 million in capital through a preferred stock offering.

The Colorado Bankers Association has launched a website to serve as a resource guide for small businesses. The site has the basics of credit, and lists several types of lenders, besides banks, that serve such borrowers.

BB&T shouldered more risk when it agreed to make its already complex deal for BankAtlantic more complicated. But the risk is manageable -- and worth it, experts say.

Southside Bancshares in Tyler, Texas, will restate its financial results for 2010 and 2011 to reflect an impairment charge for Federal Home Loan Bank option fees and changes in the fair value of certain securities.

The Federal Reserve has reached a written agreement with Central Bancorp Inc. in Garland, Texas.

First Republic Bank in San Francisco has opened a trust company in Delaware as it looks to gain a greater market share of affluent households.

Suffolk Bancorp in Riverhead, N.Y., has hired a New York banking veteran as chief lending officer and picked a chief credit officer.