Moving beyond its troubled past, Rurban Financial Corp. in Defiance, Ohio, has set an ambitious goal: doubling its assets within two years in one of the nation's most economically challenged states.

Federal Trust Corp. in Sanford, Fla., must raise capital by July 15 or sell itself, according to a cease-and-desist order issued by the Office of Thrift Supervision.

Franklin Bank Corp. of Houston will miss another filing deadline.

MIDDLE ATLANTIC

Oxford Bank Corp. in Michigan said Wednesday that it lost $1 million in the first quarter on bad loans and does not expect to be profitable this year.

A start-up in what was one of the hottest banking markets in the country is closing after only a year in business.

Six years ago WSFS Financial Corp. sold its reverse mortgage unit as part of an effort to focus more on its core banking business in Delaware.

First Financial Bankshares Inc. in Abilene said it has sold $50 million of student loans this quarter for a pretax premium of $1.5 million, but it also said it is unsure it can continue to profit from that business line.

First California Financial Group Inc. in Los Angeles said Tuesday that it earned $2.2 million, or 19 cents a share, in the first quarter, after posting a loss of $1.1 million, or 15 cents a share, in the year-earlier period.

Two years ago Iberiabank Corp. of Lafayette, La., said it wanted to be in three areas of Arkansas — Little Rock, Jonesboro, and the northwest part of the state.

Business is booming for the only bank in the country owned by its state's taxpayers.

Two Ohio community banks have called off an acquisition deal announced in November, citing an unforeseen delay in regulatory approval.

American Realty Capital Trust Inc., a real estate investment trust in Jenkintown, Pa., has bought 18 branches from Rockland Trust Co. for $33 million and is leasing them back to the Massachusetts bank.

A large loan-loss provision and an even larger goodwill impairment charge led to another quarterly loss for TierOne Corp. of Lincoln, Neb.

Measured in dollars, Willow Financial Bancorp Inc.'s restated earnings for fiscal years 2006 and 2007 do not amount to much.

Watching an educational DVD the other night with my kids, I learned that the second and later waves of a tsunami can be even larger and more damaging than the unexpected first wave.

Nara Bancorp in Los Angeles said that it has lowered its previously reported first-quarter earnings by 17.1%, to $5.8 million, or 22 cents a share, after it had boosted its loss provision by $2.1 million to cover a loan in which it had participated with another lender.

Under Richard I. Linhart, Millennium Bankshares Corp. of Reston, Va., is getting back to basics.

AmericanWest Bancorp. in Spokane used to have an employee devote several days each month to compiling information for its directors on a compact disc, but the $2.1 billion-asset company recently started disseminating the information through a secure online portal.