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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Credit quality at the Melrose Park, Ill., company took such a sharp nosedive in the third quarter that analysts said it is technically insolvent, with a negative tangible common equity ratio.
October 29 -
Regulators at the American Bankers Association's annual meeting in Chicago discussed how best to replenish the Deposit Insurance Fund.
October 26 -
Citizens Republic Bancorp in Michigan is finding that capital counts for a lot. The company lost $853.4 million in the past year and a half, including $56.9 million in the third quarter.
October 23 -
Citizens Republic Bancorp in Flint, Mich., is finding that capital counts for a lot. The company lost $853.4 million in the past year and a half, including $56.9 million in the third quarter.
October 23 -
Protestors set for an ABA "Showdown in Chicago"; calls from the U.K. to chop up too-big institutions not finding purchase across the pond; Frank identifies an Acorn obsession.
October 23 -
Webster Financial Corp. in Waterbury, Conn., said Thursday that its loss in the third quarter deepened by 20% from the year earlier, to $26.1 million, as credit quality continued to sour.
October 22 -
TCF Financial Corp. was among the first to free customers of account maintenance fees, back in the 1980s, but now it is leading the charge to bring them back.
October 21 -
In what it is calling a first step toward replenishing its capital, Mercantile Bancorp Inc. in Quincy, Ill., said it intends to merge its flailing Florida bank with a stronger unit.
October 20 -
As other banking companies ready third-quarter results, at least two are being forced by regulators to restate their second-quarter figures, with serious consequences.
October 19 -
If at first you don't succeed, go hostile? That's Porter Bancorp Inc.'s strategy as the $1.7 billion-asset company pursues the $339 million-asset Citizens First Corp. in Bowling Green, Ky.
October 16 -
Just three months after saying its problems had begun to level off, Sterling Financial Corp. in Spokane, Wash., unexpectedly ousted its longtime leader and was ordered by regulators to boost capital levels.
October 15 -
Most struggling bank companies are clamoring for someone, anyone willing to help, but Patriot National Bancorp Inc. is sizing up its suitors.
October 14 -
Ordered by regulators to improve capital ratios at its bank unit, First Mariner Bancorp of Baltimore is unloading a consumer finance arm for about half of what it thinks the business is worth.
October 13 -
FirstFed Financial Corp. is looking to join the handful of other strugglers that have managed to woo investors in recent weeks. But as a California company chock full of option adjustable-rate mortgages, FirstFed could be the biggest test yet for the rebounding capital markets.
October 7 -
As the new president and chief executive of Flagstar Bancorp Inc., Joseph P. Campanelli has a lot of work to do, but he has been in challenging situations before.
October 1 - WIB PH
Ellen Costello, president and chief executive of Harris Bankcorp in Chicago, refuses to let the economic downturn get her or her 4,000 employees down.
October 1 - WIB PH
Betsy Cohen never stops innovating. When she was 32 she founded JeffBanks, and built it into the largest bank headquartered in Philadelphia. She sold it in 2000 for $350 million, or 2.75 times book, and founded The Bancorp in nearby Wilmington, Del.
October 1 -
But First Busey raised $122 million last week, becoming the latest example of a struggling company to find investors in the thawing capital markets.
September 30 -
KleinBank's new CEO already has a deal to buy a struggling one-branch competitor, and industry observers say more companies could start eyeing similar small deals.
September 28 -
Eager to bolster its capital ratios, Citizens Republic Bancorp Inc. in Flint, Mich., said Monday that it will more than triple the number of shares it has outstanding, as part of a deal to exchange subordinated debt and trust-preferred securities for common stock.
September 28
