Community banking
Community banking
- Texas
Buoyed by solid loan growth and strong gains in fee income, BOK Financial Corp. in Tulsa, Okla., reported a third-quarter profit of $85.1 million, up 32% from the same period last year.
October 26 -
The future of regional banks is simple: kill or be killed. The survivors will pose a threat to big banks, a roundtable of experts says in its predictions for banking in the year 2036
October 26 -
Nara Bancorp Inc. announced this week that it intends to raise $55 million in connection with its pending acquisition of Center Financial Corp. — a far cry from the $150 million it initially said it would need to seal the deal.
October 26 - Massachusetts
Fast-growing Berkshire Hills Bancorp Inc. in Pittsfield, Mass., is expanding into Connecticut with a deal to acquire the Connecticut Bank and Trust Co. in Hartford for $30 million in cash and stock.
October 26 -
- New York
NBT Bancorp Inc. in Norwich, N.Y., reported third-quarter net income of $15.2 million, up 4.4% from a year earlier, due largely to improved asset quality.
October 25 - Illinois
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 - Mississippi
BancorpSouth Inc.'s shares plunged Tuesday after the Tupelo, Miss., company reported an increase in problem loans and Moody's Corp. downgraded its credit rating.
October 25 -
In all the talk about new checking account fees and their impact on the financially underserved, there has been little focus on actual consumers. It is worth reminding ourselves who "they" are.
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 - Indiana
Aided by solid loan growth, Chemical Financial Corp. in Midland, Mich., and Lakeland Financial Corp. in Warsaw, Ind., reported sharp increases in profits for the quarter that ended Sept. 30.
October 25 -
Acting FDIC Chairman Marty Gruenberg reiterated his agency's support for small banks, but many bankers are unsure if it will lead to real change.
October 25 - New York
Deposit gains hurt third-quarter profits at big banks such as Wells Fargo & Co., but they led to record profits at Signature Bank in New York.
October 25 - Ohio
FirstMerit Corp. in Akron, Ohio, reported third-quarter earnings of $31.7 million, up about 9% year over year, thanks to increased commercial lending activity and fewer problem assets. Earnings per share were rose 7%, to 29 cents, beating analysts' estimates by a penny, according to Thomson Reuters.
October 25 -
West Coast Bank in Lake Oswego, Ore., has been ordered by the Federal Deposit Insurance Corp. to improve oversight of its overdraft program and reimburse customers who incurred overdraft fees last year using their debit or ATM cards.
October 25 -
Can "Stop.Think.Connect" become the new "Stop, Drop and Roll"? The National Cyber Security Alliance, a public-private partnership on cyber security, says its new online-banking safety slogan is necessary to educate users.
October 25 -
In a bid to raise fresh capital, ailing Waccamaw Bankshares Inc. in Whiteville, N.C., is selling eight of its branches in North Carolina and three in South Carolina to rival First Bancorp in Troy, N.C.
October 25 -
Regions Financial Corp. swung to a third-quarter profit, helped by sharply reduced credit costs for risky loans, though the lender's top line weakened from a year earlier.
October 25 -
CIT Group Inc. swung to a third-quarter loss as the corporate lender continued to face steep costs related to its prepayment of high-cost debt.
October 25 -
1st United of Boca Raton struck two deals in three days that would move it into central Florida and give it 26 branches in the state.
October 24




