Community banking
Community banking
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CEO Gary Crosby believes new technology will help the Buffalo, N.Y., company generate revenue more in line with being a large financial institution. But his $250 million investment pledge didn't sit well with investors who were hoping for cost-cutting.
January 24 - California
Cathay General Bancorp (CATY) of Los Angeles reported earnings of $31.9 million for the fourth quarter of 2013, an increase of 12.7% from the same quarter a year prior.
January 24 -
KeyCorp may ultimately need to buy some niche business lines, or sell its operations in some fringe markets, to cure its efficiency woes.
January 24 -
Prosperity Bancshares (PB) in Houston, riding its recent wave of acquisitions, posted higher quarterly profit.
January 24 -
First Niagara Financial Group (FNFG) in Buffalo, N.Y., met quarterly estimates and announced a plan to invest heavily in technological improvements as it moves beyond its recent phase of rapid growth.
January 24 -
Hancock Holding (HBHC) in Gulfport, Miss., missed earnings estimates in the fourth quarter as the company took $17.1 million in charges related to cost-cutting measures.
January 24 - Texas
Texas Capital Bancshares (TCBI) in Dallas is planning to raise up to $102.4 million via a public offering of common stock. Texas Capital plans to sell 1.7 million shares at $60.25 per share.
January 24 - California
City National Corporation (CYN) of Beverly Hills, Calif., posted net income of $55.1 million for the fourth quarter, up 17% from the same quarter a year earlier.
January 23 -
The $214 million-asset First Federal said in a press release Thursday that it will pay about $4.3 million in stock for the $73.7 million-asset Alpena. The deal is expected to close in the second or third quarter.
January 23 -
Banks and credit unions are outperforming retailers in the war against credit card fraud, according to a new survey from Javelin Strategy & Research.
January 23 -
Xenith Bankshares (XBKS) in Richmond, Va., disclosed that Malcolm McDonald will retire as chairman at the end of his current term.
January 23 -
Rockville Financial (RCBK) in Glastonbury, Conn., is beefing up its mortgage lending operation ahead of its pending merger with United Financial (UBNK) in Massachusetts.
January 23 -
Pulaski Financial (PULB) in St. Louis plans to take out a $10 million loan in order to redeem preferred stock shares issued to the Treasury Department under the Troubled Asset Relief Program.
January 23 -
BancorpSouth (BXS) in Tupelo, Miss., reported a big jump in profit as credit quality continued to improve.
January 23 - Kentucky
Farmers Capital Bank (FFKT) in Frankfort, Ky., is one step closer to being freed from a regulatory order.
January 23 -
Executives at KeyCorp and Fifth Third Bancorp said they are noticing increased consumer confidence, which would translate into more lending opportunities this year.
January 23 -
Perhaps more community banks should think boldly like TriCo Bancshares. The small California bank's deal to buy another rural lender, North Valley Bancorp, could give it the scale it needs to knock heads with Wells Fargo and B of A, its execs say.
January 23 -
Columbia Banking System (COLB) in Tacoma, Wash., reported higher quarterly earnings buoyed by last year's purchase of West Coast Bancorp in Lake Oswego, Ore.
January 23 -
Barkocy, research director of Mendon Capital Advisors, salutes his mentors and confesses a soft spot for small banks as he prepares to wrap up a career that lasted nearly five decades.
January 23 -
PacWest Bancorp (PACW) of Los Angeles reported a steep decline in quarterly earnings after it took a large charge tied to stock awards.
January 23



