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The National Credit Union Administration said Wednesday that May's failure of St. Paul Croatian Federal Credit Union in Cleveland was caused by fraud and will cost the National Credit Union Share Insurance Fund as much as $170 million, one of the biggest losses ever incurred by a noncorporate credit union.

Intervest Bancshares Corp. in New York reported a $661,000 net loss for the third quarter, compared with net income of $342,000 a year earlier.

Century Bancorp Inc. of Medford, Mass., said its third-quarter net income rose 2.7% year over year, to nearly $3.3 million.

Under the agreement, Cheviot will buy First Franklin shares for $14.50 apiece — an 85% premium to Tuesday's closing price. The stock was last at the offer price three years ago.

Union First Market Bankshares said Tuesday that it has completed the integration of two affiliate banks, making it the largest community bank in Virginia.

As part of its effort to increase capital ratios, Capitol Bancorp said Friday that it had agreed to sell its 1st Commerce Bank subsidiary.

Bank of South Carolina Corp. reported a sixfold year-over-year increase in third-quarter net income, to $821,601.

Berkshire Hills Bancorp has agreed to acquire Rome Bancorp for about $74 million in cash and stock, as the Massachusetts bank looks to grow its presence in New York.

Nine months after proposing the idea, the Obama administration is eagerly putting into place a $30 billion small-business lending fund that is the centerpiece of its efforts to spark lending in communities across the country.

Berkshire Hills Bancorp has agreed to acquire Rome Bancorp for about $74 million in cash and stock, as the Massachusetts bank strengthens its presence in New York.

The Office of the Comptroller of the Currency assessed a $33 million enforcement order against Woodforest National Bank of The Woodlands, Texas, for unfair and deceptive practices in its overdraft program.

While some companies clamor to get into banking, ADB Bank, a $48 million-asset industrial loan company, last week invited its depositors to collect their money.

While some companies clamor to get into banking, ADB Bank, a $48 million-asset industrial loan company, last week invited its depositors to collect their money.

Two federal agencies Friday said they had implemented crucial provisions of the newly enacted Small Business Jobs Act that will boost small-business loan limits and allocate funding to states for small-business lending.

BankUnited in Florida said Friday that it has acquired a small-business lending platform and a municipal leasing business from two companies as a way to expand its lending operations nationwide.

EverBank Financial Corp., one of Florida's largest homegrown banks, plans to go public by raising up to $200 million of common stock, according to a registration filed Friday with the Securities and Exchange Commission.

EverBank Financial and some of its shareholders are planning to sell as much as an estimated $200 million of stock through an initial public offering.

Fairwinds Credit Union in Orlando has renewed its membership in First Data Corp.'s Star network, making the electronic funds transfer service its preferred provider of PIN debit transaction and ATM access services.

ESSA Bancorp Inc. of Stroudsburg, Pa., has completed its second stock repurchase program, and announced another plan to buy back 5% more of its outstanding stock.