Failures

As Treasury Department officials review the Financial Stability Oversight Council’s designation process, they should also re-examine how the Dodd-Frank Act defines systemic risk.

Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter profit by $441,000.

Christy Romero, the special inspector general for the Troubled Asset Relief Program, and two other government entities were involved in a probe that led Lamar Cox, former chief operating officer at Tennessee Commerce Bank, to plead guilty to misleading the FDIC.

The number of U.S. banks has fallen by 24% since the end of 2010, a result of mergers, failures and a dearth of de novo activity. Here are the 10 states with the biggest declines as a percentage of total banks headquartered in the state, according to Federal Deposit Insurance Corp. data.

Gulf Winds FCU immediatley assumed the failed credit union's members and deposits.

Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets.

The failure of Seaway Bank, once the nation's biggest black-owned bank, cost the FDIC $57.2 million.