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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Despite its pending sale, Cadence Financial Corp. in Starkville, Miss., has been ordered to submit a capital plan to the Federal Reserve Board.
November 23 -
Bank of Kentucky Financial Corp. in Crestview Hills has raised $28.1 million of capital that will go toward repaying the Treasury Department.
November 23 -
United Western Bancorp Inc. of Denver has received a noncompliance letter from the Nasdaq because it has yet to file its third-quarter results.
November 23 -
The $79 million-asset Santa Rosa, Calif., company said late Friday that it had formed a bank holding company. All stock in the bank was transferred to the company.
November 22 -
People's United Financial Inc.'s acquisition of Smithtown Bancorp Inc. in Hauppauge, N.Y., is set to close Nov. 30.
November 22 -
An affiliate of Hovde Private Equity Advisors LLC has completed an $11 million capital infusion into FirstAtlantic Financial Holdings Inc. in Jacksonville, Fla.
November 22 -
After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.
November 21 -
After announcing earlier this week that his W.L. Ross & Co. plans to invest $45 million into the struggling Cascade Bancorp in Bend, Ore., another bank in his portfolio picked up one of the three banks that failed Friday.
November 19 -
C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.
November 19 -
C. Malcolm Holland, who led the Texas division of Colonial Bank, has raised $45 million in capital with the goal of rebuilding the franchise he lost when Colonial failed in August 2009.
November 19 -
A jury ruled Thursday that BankAtlantic Bancorp Inc. misled its investors about its credit quality and must compensate them for certain losses.
November 18 -
Roughly a year after announcing plans to halve itself to survive, Mercantile Bancorp Inc. in Quincy, Ill., is again in search of more capital.
November 16 -
Increased regulation has been widely cited as a catalyst for the recent wave of bank acquisition deals, but lately regulators have been throwing some wrenches into the works.
November 15 -
The fourth quarter is often a time when banks try to tidy up their balance sheets for the coming year. As they step up efforts to sell problem loans, this quarter could be the big flush.
November 12 -
The fourth quarter is often a time when banks try to tidy up their balance sheets for the coming year. As they step up efforts to sell problem loans, this quarter could be the big flush.
November 12 -
The $2.2 billion-asset Denver company said in a SEC filing that it'd be late reporting its Sept. 30 results because of issues regarding its valuation of mortgage-backed securities.
November 11 -
Integra Bank Corp. in Evansville, Ind. said Wednesday that its third-quarter loss widened by 70% compared with the second quarter, to $17.3 million.
November 10 -
Under an informal agreement with regulators, Green Bankshares Inc. in Greeneville, Tenn., has suspended dividend payments, even those owed to the Treasury Department.
November 10 -
So the $3.8 billion-asset company has created a safeguard to protect $120 million of tax assets that could be used should the company return to profitability, which given its most recent quarterly numbers could be sooner rather than later.
November 9 -
Nearly two years after the regulator let a film crew tag along as it seized the $232 million-asset company in a segment for the news program "60 Minutes," the FDIC is going after former officers and directors. In what is expected to be the first of many professional-liability lawsuits against individuals associated with failed banks, the FDIC wants to recoup some losses sustained by its Deposit Insurance Fund in the current economic cycle.
November 8
