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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Cape Bancorp Inc. in Cape May Court House, N.J., swung to a $1.6 million loss in the fourth quarter after taking $1 million writedown on foreclosed properties and an additional $1.1 million writedown on its investment in pooled trust-preferred securities that have lost much of their value.
By Alan KlineFebruary 3 -
Solid loan and deposit growth powered Bancorp of New Jersey Inc. to its most profitable quarter in its six-year history, the company said Friday.
By Alan KlineFebruary 3 -
New England's largest bank could not have picked a better day to launch its latest marketing campaign.
By Alan KlineFebruary 3 -
The former president and chief executive at the failed Orion Bank in Naples, Fla., faces up to 15 years in federal prison after pleading guilty to lying to examiners about the bank’s health.
By Alan KlineFebruary 3 -
Continuing its string of insurance agency deals, BB&T Corp. announced Friday that it is buying the life and property and casualty insurance divisions of Crump Group Inc. for about $570 million in cash.
By Alan KlineFebruary 3 -
Fueled by solid loan growth and sharply lower funding costs, CNB Financial Corp. in Clearfield, Pa., said Thursday that net income in the fourth quarter climbed 32% from the same period in 2010, to $3.9 million.
By Alan KlineFebruary 2 -
BankAtlantic Bancorp Chairman Alan Levan says his company would likely be "out of business" within two years if certain investors succeed in blocking the sale of BankAtlantic's thrift to BB&T Corp.
By Alan KlineFebruary 2 -
TCF Financial Corp. in Wayzata, Minn., will soon offer its customers two options for paying overdraft fees on checking accounts.
By Alan KlineFebruary 2 -
Despite reporting vastly improved credit quality, Independent Bank Corp. in Ionia, Mich., said Thursday that its losses in the fourth quarter doubled from the same period in 2010, to $9.8 million.
By Alan KlineFebruary 2 -
In what would be its first bank acquisition in seven years, Center Bancorp Inc. in Union, N.J., announced Thursday that it is buying the private-equity backed Saddle River Valley Bank in an all-cash deal.
By Alan KlineFebruary 2 -
FTN Financial, the investment-banking arm of First Tennessee Bank, announced Wednesday that it has acquired Main Street Capital Advisors LLC, a boutique consulting firm that specializes in advising state and local governments.
By Alan KlineFebruary 1 -
For the first time in 20 years, Broadway Financial Corp. in Los Angeles has a new chief executive officer.
By Alan KlineFebruary 1 -
With two of its largest investors pressuring it to find a buyer, First California Financial Group Inc. in Westlake Village has hired an unnamed investment bank to help it explore its options.
By Alan KlineFebruary 1 -
With six acquisitions under its belt and a seventh in the works, the Los Angeles company strikes again with a deal for Phoenix business bank.
By Alan KlineFebruary 1 -
Zions Bancorporation's fourth-quarter earnings fell short of analysts' estimates as vastly improved asset quality could not offset declining interest income and a sharp drop in fee income.
By Alan KlineJanuary 23 -
Community Bank System Inc. in Syracuse, N.Y., is planning to raise $50 million in a stock sale primarily to fund its acquisition of 19 upstate New York branches from rival First Niagara Financial Group Inc.
By Alan KlineJanuary 23 -
Tennessee Commerce Bancorp has missed a regulatory deadline for improving its capital ratios and is now warning investors that it is likely to fail if it is unable to raise fresh capital or find a buyer.
By Alan KlineJanuary 23 -
Bank of the West in El Paso, Texas, is changing its name to WestStar Bank to avoid confusion with a much larger San Francisco bank that shares its name.
By Alan KlineJanuary 20 -
After buying four failed banks in less than two years, City National Corp. in Los Angeles is now eyeing acquisitions of healthier banks while it continues to pursue organic growth in its existing markets.
By Rachel Witkowski and Alan KlineJanuary 20 -
Four months after its planned sale to Texas investment group fell through, The Bank Arlington near Dallas has found another buyer.
By Alan KlineJanuary 20
