Community Banking News

More than Regulation Is Killing Small Banks

Anshuman Sindhar | May 13

The gradual erosion of net interest margins and a compensatory shift toward risky new lending strategies for additional yield is a major factor for high chargeoffs and community bank failures.

Comments (7)

Regulation & Reform

Washington

JPMorgan Directors Oppose Splitting Dimon's Role as 'Disruptive'

May 13

JPMorgan Chase's leading directors urged shareholders to reject calls for Jamie Dimon to relinquish his dual role as chairman and chief executive officer, saying it "could be disruptive" and against the best interests of investors.

Community Banking

Consumer Finance

Regulators Seize Two Banks Owned by Capitol Bancorp

Robert Barba | May 10

Regulators on Friday seized two banks owned by the $1.6 billion-asset company. The failures could tangle the Lansing, Mich., company in what the Federal Deposit Insurance Corp. calls the cross-guarantee liability, meaning that the agency has the ability to charge Capitol's nine surviving banks with the cost of the failures.

Mergers & Acquisitions

Regulation & Reform

BankUnited Uses Soft Serve to Soften Up N.Y. Customers

Jackie Stewart | May 10

The Miami Lakes, Fla., company handed out free ice cream and metro cards at its new Manhattan branches to build branch recognition.

Retail Delivery

Community Banking

Regulators Close Capitol Bancorp's N.C. Bank

Robert Barba | May 10

A North Carolina bank that had belonged to the long-troubled Capitol Bancorp was closed by state regulators on Friday.

Mergers & Acquisitions

Community Banking

NBC Bank in Louisiana Preps $100M IPO

Chris Cumming | May 10

First NBC Bank Holdings in New Orleans is looking to sell $100 million worth of shares in its initial public offering.

Community Banking

Customers in Pa. Files for $75 Million Stock Sale

Chris Cumming | May 10

Customers Bancorp in Wyomissing, Pa., is looking to raise $75 million in a stock sale and intends to use the proceeds to fund organic growth and acquisitions.

Mergers & Acquisitions

Community Banking

TriState Holdings' Shares Rose Slightly in IPO

Paul Davis | May 10

Shares of TriState Holdings (TSC) in Pittsburgh rose slightly during their first day of trading.

Community Banking

Consumer Groups Tear Into Agencies' First Steps on CRA Reform

Joe Adler | May 10

The National Community Reinvestment Coalition and other consumer groups say the bank regulators did not go far enough in proposing changes to Community Reinvestment Act examinations.

Community Banking

Consumer Finance

Are Banks Being Scapegoated Over Student Loans?

May 10

The Consumer Financial Protection Bureau and Congress are pushing for fixes to the student loan market, but some of their proposals are focused on the relatively small portion of loans made by banks and other private lenders. American Banker reporter Rachel Witkowski argues that the federal government, which does most student lending, needs to be more involved in any solutions.

Comments (1)

Community Banking

National/Global

Bucket of Likely Bank Failures Nearly Empty

Robert Barba | May 10

After a relatively busy April, the number of critically undercapitalized banks is down to just a handful. The pool of failure candidates could increase, but buyers should start looking elsewhere, industry observers say.

Community Banking

Mergers & Acquisitions

MainStreet Bank Shareholders Urge Virginia Bank to Sell Itself

Andy Peters | May 10

Two shareholders of MainStreet Bank (MNSB), in Herndon, Va., have reportedly asked investors to push for a sale of the $271 million-asset company.

Mergers & Acquisitions

Community Banking

Community Banks Brace for Cyberattacks

Jackie Stewart | May 10

Though large banks have mostly been the targets of criminals so far, smaller banks are not immune to online threats.

Technology

Community Banking

Docking Bancshares Hires New CFO

Chris Cumming | May 10

David Marshall is executive vice president and CFO of Docking and Union State Bank, its $241 million-asset subsidiary, the company announced Friday.

Community Banking

Home Federal in Florida Names New CEO

Chris Cumming | May 10

Home Federal Bank of Hollywood has hired a new chief executive with experience guiding troubled Florida lenders. The $59.4 million-asset bank named Robert Brookes CEO last month, according to an online report in the South Florida Business Journal.

Community Banking

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In Pictures

Comments of the Week: Fair Lending Insanity; Split Chairman and CEO Roles?

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