Robert Barba is the technology editor of American Banker. Robert previously served as deputy editor of American Banker's dealmaking and strategy section. He joined American Banker in late 2007 as a community banking reporter, just in time for the financial crisis. Robert played a lead role in covering community banks' struggle for survival in the years following the downturn. Robert has appeared on Fox Business to discuss bank failures and the Treasury Department's Troubled Asset Relief Program. Prior to joining American Banker, Robert was a general business reporter at Scripps Treasure Coast Newspapers in Stuart, Fla. He began his career as a business desk intern at The Denver Post and Boulder Daily Camera. Robert is based in New York.
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The Treasury Department has launched a public offering for the 1.6 million warrants for common equity it received from Wintrust Financial Corp. in Lake, Forest, Ill., under the Troubled Asset Relief Program.
February 7 -
Repeating a familiar pattern of recent years, banks failed Friday in Georgia and Illinois. Two were closed in Georgia; another, in Chicago, was the city's first failure of 2011.
February 6 -
Repeating a familiar pattern of recent years, banks failed Friday in Georgia and Illinois. Two were closed in Georgia; another, in Chicago, was the city's first failure of 2011.
February 4 -
With one of the largest war chests of capital in the Pacific Northwest, Columbia Banking in Tacoma, Wash., has long been viewed as one of that market's likely consolidators.
February 4 -
With one of the largest war chests of capital in the Pacific Northwest, Columbia Banking in Tacoma, Wash., has long been viewed as one of that market's likely consolidators.
February 4 -
Center Financial Corp. in Los Angeles swung to a $5.7 million fourth-quarter profit from a loss of $25.2 million as credit quality showed signs of stability.
February 3 -
The $2.7 billion-asset company announced Thursday that it would build an 11,000-square-foot regional headquarters in Indianapolis, five years after it ventured 120 miles south from its headquarters with the opening of a loan production office.
February 3 -
The embattled Capitol Bancorp Ltd. has boosted its common equity by $19.2 million following a trust-preferred securities exchange that garnered little interest from its debtholders.
February 2 -
In the last two weeks of January, two failed banks did not garner a single bid. Though it is still early in the year to declare a trend, the two failures hint at tougher struggles to market banks on the brink and could mean higher costs for the Federal Deposit Insurance Corp.
February 2 -
Integra Bank Corp. gave a grim outlook on its future after reporting that the total risk-based capital of its bank fell 168 basis points from a quarter earlier.
February 1 -
PNC appears to be willing to pay up to expand on Florida's west coast, entering into a deal to buy 19 branches and $350 million of deposits from BankAtlantic at a 10% premium.
January 31 -
MB Financial Inc. in Chicago earned $595,000 in the fourth quarter, compared with a loss $12.4 million a year earlier, as net interest income grew and credit costs subsided.
January 28 -
Taylor Capital Group Inc. in Rosemont, Ill., might have its arms around its commercial real estate problems, but other banks' CRE problems are weighing it down.
January 28 -
First National Community Bancorp Inc. of Dunmore, Pa. has hired investment bank Sandler O'Neill Partners LP to help it evaluate "capital and strategic alternatives."
January 27 -
HMN Financial Inc. in Rochester, Minn., said it plans to defer paying the next dividend it owes the Treasury Department.
January 27 -
Hanmi Financial Corp. in Los Angeles on Thursday reported its first profitable quarter in more than two years. The $2.9 billion-asset company earned $5.3 million in the fourth quarter, compared with a loss of $35.9 million a year earlier.
January 27 -
Susquehanna Bancshares Inc. in Lititz, Pa., announced an agreement to buy Abington Bancorp Inc. in Jenkinton, Pa.
January 27 -
Susquehanna Bancshares said late Wednesday it had agreed to buy Abington Bancorp in a $273 million stock deal would boost Susquehanna's presence in Philadelphia.
January 27 -
In taking a piecemeal approach to selling problem assets, First Midwest Bancorp Inc. seems to be pleasing only itself.
January 26 -
PrivateBancorp Inc. in Chicago reported its second straight profitable quarter as credit quality continued to show signs of stabilizing and it added commercial and industrial loans.
January 25
