North American Financial Holdings Inc. of Charlotte has received approval to invest $175 million in the struggling TIB Financial Corp. in Naples, Fla.

BankSimple captured imaginations with the idea of low-frills, low-fee banking. Missing? A bank partner with the technological savvy to support the vision. That part's not so simple.

Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

Porter Bancorp Inc. of Louisville, Ky., said Thursday that its shareholders approved several changes related to a stock conversion that will help complete two private placements totaling $31.3 million in capital.

Security California Bancorp in Riverside has raised $20 million in a private placement of its common stock to refuel its subsidiary, Security Bank of California.

When Tower Bancorp Inc. of Harrisburg, Pa., acquires First Chester County Corp., it will utilize a provision that lowers the price of the deal if the seller's delinquencies rise. Such provisions have become more common in deals in the Northeast as buyers seek to minimize their risk, but this is the first time a seller has crossed the threshold.

WASHINGTON — Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.

Cascade Bancorp in Bend, Ore., has been given another two weeks to find the additional capital its lead investors are requiring.

The $355.7 million-asset company in Monessen, Pa., said Thursday that it has sold enough common stock — 1.7 million shares — to complete its conversion from a mutual holding company to a stock holding company.

In the year or so that BankUnited has hired lenders away from Florida rivals, its recruits have laid the foundation for a major branch expansion across the state.

Goldwater Bank in Arizona has agreed to forfeit $733,804 to resolve a claim from U.S. officials that the money was involved in illegal online gambling.

Northeast Bancorp of Lewiston, Maine, announced it is giving its shareholders more time to submit election forms on a proposed acquisition of FHB Formation LLC, an investment entity formed to inject capital into Northeast.

Northfield Bancorp Inc. in Avenel, N.J., said Wednesday that shares of its common stock will be sold in a syndicated community offering as part of its mutual-to-stock conversion.

PremierWest Bancorp in Medford, Ore., said Tuesday that Nasdaq gave it more time to comply with the market's listing requirements.

Flagstar Bancorp Inc. of Troy, Mich., is reportedly hoping to raise $600 million in capital through its majority owner, MatlinPatterson Global Advisors.

A prompt corrective action directive is often a sign of grim times, but for AnchorBank in Madison, Wis., the order is serving as a guide as it fights to survive.

The Federal Reserve issued enforcement actions Tuesday against the bank holding companies First Security Group Inc. and Butte State Co.

Capital Bank Corp. of Raleigh, which has announced plans to raise 34.5 million shares in a public offering, said it expects some improvement in its credit quality in the third quarter.

Louisiana Bancorp Inc. in Metairie said Tuesday that it will initiate its 10th stock repurchase program. The $327.7 million-asset company also said it completed its ninth repurchase program, acquiring 210,406 shares, or 5% of its outstanding common stock.

A pair of recapitalization deals in suburban Chicago shows that investors are now ready to give struggling banks in the Second City a second chance.