Community banks' prospects will improve if they accept that the financial services industry is changing. They must re-examine strategies and business models, and experiment and improvise to exploit new opportunities.

Amalgamated Bank of Chicago has named David Knopp its next president.

Union First Market Bancshares (UBSH) in Richmond, Va., plans to remake its board and expand its executive team after acquiring StellarOne (STEL) in Charlottesville, Va.

LNB Bancorp (LNBB) in Lorain, Ohio, has sold $3.7 million of stock as part of a plan to exit the Troubled Asset Relief Program.

M&T Bank's (MTB) long-delayed purchase of Hudson City Bancorp (HCBK) could be held up until the end of 2014.

Early in the year Hanmi Financial in Los Angeles was poised to put itself up for sale. But its deal to buy a Texas bank with operations in six states could rearm Hanmi in its fight with BBCN Bancorp and Wilshire Bancorp to be the top Korean-American bank.

Nearly one in four Federal Housing Administration loans would go belly up in the next five years if another recession hit the U.S., a new study has found.

With payday loans in regulators' cross hairs, banks are looking to check cashing as a way to bring in new customers and boost fee income.

Urban Partnership Bank in Chicago is selling a branch, has launched an online banking platform and has made an unusual offer to customers.

Fiserv was supposed to post a note on the website of an N.C. bank that BNC recently bought that redirected the acquisition's customers to BNC's site. Unfortunately, the note appeared on the wrong website -- that of a nearby rival.

Sierra Bancorp (BSRR) in Porterville, Calif., has tapped Kevin McPhaill to be its president and chief executive-in-waiting.

Zions Bancorp (ZION) said the Volcker Rule will force it to take a $387 million charge on its portfolio of collateralized debt obligations.

Malvern Bancorp (MLVF) in Paoli, Pa., took an $18.8 million loss in the quarter that ended Sept. 30 after selling a batch of bad loans for a loss.

The community bank says it's winning over government contractors and law and accounting firms with technology that's a step ahead of peers.

Hanmi Financial (HAFC) in Los Angeles has agreed to buy Central Bancorp in Garland, Texas.

The Office of the Comptroller of the Currency on Friday closed Texas Community Bank, a $160 million-asset institution located north of Houston.

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A group of employees at Black Diamond Capital Management are looking to buy Pacific National Bank.

A recent survey found that a significant number of customer problems take multiple interactions to resolve or are left unaddressed. Improvement in this area is critical as banks try to keep customers.

Codorus Valley Bancorp (CVLY) in York, Pa., has appointed Benjamin Riggs to become its general counsel and secretary.