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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Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., is considering raising up to $50 million in fresh capital so it can make more acquisitions if and when opportunities arise.
By Alan KlineJuly 3 -
Roma Financial (ROMA) in Robbinsville, N.J., announced late Monday that its president and chief executive, Peter Inverso, will step down next year and that its board will form a search committee to find a replacement.
By Alan KlineJuly 2 -
Navy Federal Credit Union in Vienna, Va., has established a commercial loan participation program in which it will buy business loans from other credit unions that are nearing their cap on business lending.
By Ed Roberts and Alan KlineJuly 2 -
Sterling Financial (STSA) in Spokane, Wash., is selling all of its Montana branches as it aims to become more efficient and improve its overall profits. Eagle Bancorp is buying the branches for $7.3 million.
By Alan KlineJuly 2 -
Seeking to diversify following its public offering in May, EverBank Financial (EVER) in Jacksonville, Fla., announced Monday that it is buying a commercial lending unit from GE Capital for $2.5 billion in cash.
By Alan KlineJuly 2 -
A Virginia Beach investment group has pulled the plug on its plan to buy a struggling bank in the Washington, D.C., suburbs.
By Alan KlineJune 29 -
SecondMarket's pilot program to create a market for hard-to-sell stock.
By Alan KlineJune 29 -
The Federal Reserve Bank of Richmond has ordered Village Bank and Trust Financial in Midlothian, Va., to serve as a source of strength for its ailing bank subsidiary.
By Alan KlineJune 28 -
Though loan competition remains fierce, most banks are unwilling to relax their underwriting policies until the economy heals.
By Alan KlineJune 28 -
Trustmark Corporation (TRMK) in Jackson, Miss., announced Wednesday that it is selling eight mutual funds with roughly $903 million of assets to Federated Investors (FII) of Pittsburgh and its subsidiaries.
By Alan KlineJune 27 -
Seven months after it was created through the merger of Nara Bancorp and Center Financial, BBCN (BBCN) Bancorp in Los Angeles has repaid the funds its two predecessor companies received from the Troubled Asset Relief Program.
By Alan KlineJune 27 -
Capital One Financial (COF) has chosen a site outside of Richmond, Va., as the home for its new $150 million data center.
By Alan KlineJune 27 -
The bank's holding company, TCF Financial, said Wednesday that following "multiple layers" of interviews and surveys with its customers, bank officials have decided to do away with monthly maintenance fees on its retail checking accounts.
By Alan KlineJune 27 -
Wells Fargo has begun rolling out mobile remote deposit in select markets and plans to offer the service nationwide by the end of this year, according to a news report.
By Alan KlineJune 27 -
JPMorgan Chase (JPM) announced Wednesday that it has begun supplying retailers and other merchants with new payments terminals that can accept payments from smartphones and cards embedded with computer chips as well as traditional debit and credit cards.
By Alan KlineJune 27 -
Banks and Farm Credit lenders are typically rivals, but Huntington Bank and GreenStone Farm Credit Services have set aside their differences to come to the aid of Michigan fruit growers and processors.
By Alan KlineJune 26 -
The Federal Reserve Board has issued enforcement orders against two community bank holding companies requiring them to serve as sources of strength for their struggling bank subsidiaries.
By Alan KlineJune 26 -
A small Chicago bank that is largely owned by the members of an area church has warned that it could fail if it does not raise additional capital.
By Alan KlineJune 26 -
Already a market leader in Chicago and Milwaukee, BMO Harris Bank is eyeing "tuck-in" acquisitions in St. Louis, Minneapolis and Kansas City in its quest to achieve top five deposit share in all of its major markets.
By Alan KlineJune 26 -
Struggling First Place Financial (FPFC) in Warren, Ohio, has turned to longtime banking executive Louis Dunham to help lead its recovery.
By Alan KlineJune 25
