Alan Kline is the former editor-in-chief of American Banker. Previously he oversaw its consumer finance and national/regional banking coverage. He also helped direct coverage of the annual Most Powerful Women in Banking rankings.
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CSB Bancorp in Millersburg, Ohio, announced Friday that it is acquiring two branches in Wooster, Ohio, from Premier Bank & Trust.
By Alan KlineJune 24 -
MB Financial Inc. in Chicago is selling the bulk of its problem real estate and construction loans to a California investment group that has been an active acquirer of failed-bank assets.
By Alan KlineJune 24 -
Rejected by the Office of Thrift Supervision in its bid to become a 100% stock-owned company, New Jersey mutual holding company Clifton Savings Bancorp is taking its chances with its new regulator, the Office of the Comptroller of the Currency.
By Alan KlineJune 23 -
Regions is integrating its trust, private banking and insurance units into a wealth management division; U.S. Bancorp goes green on its (tax) credits; and more.
By Alan Kline and Jeff HorwitzJune 23 -
Synovus Financial Corp.'s shares fell Thursday after an analyst downgraded the stock amid concern that the Columbus, Ga., company might need to raise additional capital to repay the $968 million it received from the Treasury Department's Troubled Asset Relief Program.
By Alan KlineJune 23 -
Regions Financial Corp. in Birmingham announced Thursday that it is combining its trust, private banking and insurance units into a newly created wealth management division that will be headed by former regional president Bill Ritter.
By Alan KlineJune 23 -
After three years of widespread credit tightening, U.S. banks appear to be relaxing their underwriting standards somewhat, according to a survey of bank examiners released Thursday by the Office of the Comptroller of the Currency.
By Alan KlineJune 23 -
First PacTrust Bancorp Inc. in Chula Vista, Calif., is looking to raise up to $30 million in fresh capital that it could use to support its growth.
By Alan KlineJune 23 -
Rejected by the Office of Thrift Supervision in its bid to become a 100% stock-owned company, New Jersey mutual holding company Clifton Savings Bancorp is taking its chances with its new regulator, the Office of the Comptroller of the Currency.
By Alan KlineJune 23 -
BBVA Compass is in the early stages of developing a mobile-banking application for the BlackBerry PlayBook tablet. The Birmingham, Ala., unit of Spanish banking giant Banco Bilbao Viscaya Argentaria previewed a version of the application on Tuesday at the Future of Mobile Banking Conference in London.
By Alan KlineJune 21 -
Provident Financial Holdings Inc. in Riverside, Calif., is back in good standing with its regulator.
By Alan KlineJune 21 -
Citi's venture capital arm is betting that Billing Revolution is poised to take its one-click mobile purchasing service to the next level.
By Alan KlineJune 21 - Wisconsin
The Federal Reserve announced Tuesday that it has approved Bank of Montreal's application to acquire Marshall & Ilsley Corp. of Milwaukee, clearing the way for the deal to close July 31.
By Alan KlineJune 21 -
A California community bank will be among first financial institutions to participate in the government's $30 billion small-business loan program.
By Alan KlineJune 21 -
Stacy L. Moran has resigned as chief financial officer at Suffolk Bancorp, just weeks after the Riverhead, N.Y., company announced that it may have to restate earnings for several quarters.
By Alan KlineJune 21 -
Provident Bank in Montebello, N.Y., announced Monday that longtime President and Chief Executive Officer George Strayton is retiring and that its board has hired former KeyCorp executive Jack Kopnisky to succeed him.
By Alan KlineJune 20 -
Shares of Hanmi Financial Corp. fell sharply Monday on news that the Los Angeles company is planning to raise roughly $75 million by selling shares of its common stock.
By Alan KlineJune 20 -
PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.
By Alan KlineJune 20 -
Wisconsin credit unions are urging Gov. Scott Walker to strike a provision from the state's budget that would allow state-chartered credit unions to more easily convert to banks.
By Alan KlineJune 20 -
PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.
By Alan KlineJune 20
