Regs Behind Stock Sale at a New York Bank

In reporting third-quarter earnings of $6.9 million, Hudson Valley Holding in Yonkers, N.Y., said a $90 million common stock offering it has in the works was prompted partly by regulators.

Hudson Valley Has 96% Profit Decline

Profits at Hudson Valley Holding Corp. in Yonkers, N.Y., plummeted 96% from a year earlier, to $300,000.

First Niagara Continues Pennsylvania Push

First Pittsburgh. Now Philadelphia. And New York's First Niagara Financial Group says there's more to come.

Sterling of New York Posts Profit Decline

Sterling Bancorp in New York said Monday that its first-quarter earnings fell 43% from a year earlier, to $2.8 million, or 15 cents a share.

Banks Issue Stock to Repay Tarp

City National Corp. in Los Angeles and Texas Capital Bancshares Inc. in Dallas plan to complete stock offerings this week to repay their government capital.

N.Y. Community Shines as More Reports Roll In

Also reporting: BOK Financial, Wintrust, E-Trade and Trustmark

New York Community Bancorp's profit rose 22% in the first quarter despite the recession's impact on its most important clients, New York City landlords.

Construction Woes Lead to State Bancorp's 1Q Loss

Citing trouble with its residential construction loans, State Bancorp in Jericho, N.Y., said Wednesday that it swung to a $5.1 million loss in the first quarter ...

For First Niagara, Tarp is Now Expendable

Stock offering also a sign it won't need financing from PNC

Still heady over the deal it announced last week to swoop into Pennsylvania by buying 57 branches, First Niagara Financial Group Inc. is talking even more boldly now.

Sterling of New York to Buy Import Servicers

The company said that its Sterling Factoring plans to buy virtually all the operations of the New York companies DCD Capital and DCD Trade Services, which ...

Here's Your Money Back: Four Firms Pull Out of Tarp

Iberiabank, Old National Bancorp, Bank of Marin Bancorp, and Signature Bank said they redeemed all the preferred shares they issued to the Treasury Department in December.

Battle-Tested N.Y. Community Prepares for Deteriorating Real Estate Market

A softening market for apartment rentals is putting pressure on New York Community's core business of making loans to New York City landlords, but CEO Joseph Ficalora remains bullish on his company's prospects.

$25M Infusion Gives N.Y. Bank a Needed Boost

Park Avenue Bank, which was ordered last month to maintain higher capital ratios, said that its board members and other investors recently gave it a $25 million cash infusion.

Regulators Set Deadlines for New York Bank

Waterford Village Bank in Williamsville, N.Y., must increase its capital and assess its management to satisfy consent orders from the New York State Banking Department ...

Carver in Loss, Restates for '07

Carver Bancorp in New York said Friday that a goodwill impairment charge and a higher loss provision had caused it to swing to a loss of $6.5 million in its fiscal 3Q.