Charter Financial expects to raise up to $34.2 million of fresh capital through a public offering — barely half what it had hoped to raise initially.

ALEXANDRIA, Va. — NCUA said it took under conservatorship three more troubled corporate credit unions this afternoon as part of is effort to shed the corporate system of toxic assets.

The NCUA Board's new corporate credit union rules will bar corporates from investing in a variety of risky investments.

Dave Widlak, the president and chief executive of Community Central Bank Corp. in Mount Clemens, Mich., has been missing for days.

A Los Angeles Superior Court judge has thrown out a lawsuit filed on behalf of shareholders by the former chairman of Nara Bancorp, a Los Angeles company serving the Korean-American community.

With problem real estate loans drying up earnings and diminishing capital at Cadence Financial, Trustmark is stepping in to rescue its longtime Mississippi rival.

The Brookfield, Wis., banking technology vendor said Thursday that the $3.6 billion-asset Patelco is planning to implement its Acumen software to help its expansion efforts.

Umpqua Bank said Wednesday that it is opening a commercial banking center in northern Nevada that will be led by a former US Bank commercial banking veteran in that market.

The $355.7 million-asset company announced Tuesday that it had completed its second-step conversion by selling 1.7 million shares of common stock at $10 a share.

Two days before approving a $175 million investment for TIB Financial Corp. in Naples, Fla., the Federal Reserve entered into a written agreement with the struggling company.

Center Bancorp Inc. in Union, N.J., Wednesday set the price of its two stock offerings, through which it expects to raise about $12 million in capital.

Recent lawsuits could stop community banks in at least two states from deliberately processing the largest transactions first — a method that triggers additional overdrafts and thus higher fees — after a California judge ruled against Wells Fargo & Co. last month.

Companies are in business to stay in business, and it's a huge conflict of interest to ask them to come up with their own resolution plans.

A branch manager at CVB Financial Corp. in Ontario, Calif., has been arrested and charged with embezzling thousands of dollars from customer accounts at its bank unit.

Jacksonville Bancorp Inc. in Florida is raising more capital for its deal to acquire hometown rival Atlantic BancGroup Inc.

Few would argue that it's tough to own a community bank these days. It can be even more difficult to co-own a struggling bank — fifty-fifty — with another family.

Forward curves suggest continued narrowing between long term and short term rates, along with a continued squeeze on bank margins.

Regulators tend to prefer that existing banks, not groups of private investors, acquire failed banks, yet Community and Southern, along with State Bank and Trust Co. in Macon, Ga., has been able to put private-equity money to use in FDIC-assisted deals.

Jay Sidhu is one step closer to building another regional empire. In an interview Monday, he said a bid for tiny ISN Bank was to gain access to customers in the Garden State.

Naugatuck Valley Financial Corp. in Naugatuck, Conn., has amended its merger agreement with Southern Connecticut Bancorp Inc. in New Haven, blaming weakened stock market conditions.