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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Anchor BanCorp Wisconsin in Madison is once again hoping it can push back to the due date of its line of credit.
November 8 -
Richard Fredricks, a bank examiner at the FDIC in Nebraska, used his time at an ABA conference to encourage executives at farm bank to remain vigilant policing loans and to learn from the experiences of commercial lenders.
November 7 -
ICB Financial in California paid the FDIC $500,000 for a waiver against any cross-guarantee liability from the failure of Progress Bank of Florida.
November 4 -
Alan Levan, the chairman and chief executive of BankAtlantic Bancorp Inc., stated earlier this year that he was energized over his company's future. Turns out that the future involves an exit from banking.
November 1 -
The FDIC has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.
October 31 -
The Illinois Department of Financial Institutions closed the $37.8 million-asset All American Bank in Des Plaines on Friday.
October 28 -
First Financial Holdings, of Charleston, S.C., defied the odds by completing its sale of $200 million of problem loans in a dicey economy. Better yet, it booked a $20 million gain.
October 28 -
Enterprise Financial Services Corp. in St. Louis reported earnings of $9.7 million for the third quarter, nearly doubling its earnings from a year earlier, as the company made more money on loans and in its wealth management division.
October 27 -
Credit quality is improving at Old Second Bancorp Inc., but the struggling company is still losing money.
October 27 -
The acquisition of a failed bank in July gave Wintrust Financial Corp.'s earnings a strong boost in the third quarter.
October 26 -
Flagstar Bancorp Inc. in Troy, Mich., reported a net loss of $14.2 million for the third quarter, a 37% improvement over the same period last year and its smallest quarterly loss since the start of the financial crisis three years ago.
October 26 -
Shares of PrivateBancorp Inc. surged Tuesday following news that the Chicago company had more than doubled its third-quarter earnings from a year earlier as revenue increased and credit costs subsided.
October 25 -
As profits return, more banks will take advantage of accounting rules that let them use tax deferred assets to pad the bottom line. Far from a gimmick, their use is considered a sign of banks' improving health.
October 25 -
MB Financial Inc. in Chicago managed to produce a third-quarter profit after its credit costs fell dramatically, though shrinking revenue disappointed analysts.
October 21 -
Taylor reported third-quarter earnings of $7.3 million following three quarters of losses. CEO Mark Hoppe said the company's credit costs are down and all of its growth engines are up and running.
October 20 -
The Minneapolis bank managed to grow loans and revenue by avoiding overly aggressive pricing.
October 19 -
Rockwall Bancshares Inc., a Texas startup, has hired Eric Anderson as its chief executive. He had been an executive with American National Bank of Texas.
October 18 -
Rockwall Bancshares Inc., a Texas-based start-up, has hired Eric Anderson as its chief executive officer.
October 18 -
Mercantile Bank Corp. in Grand Rapids, Mich., swung to a third-quarter profit of $2.7 million, compared to a loss of $5.7 million a year earlier, as credit costs fell dramatically.
October 18 -
State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.
October 14
