Community banking
Community banking
- Georgia
United Community Banks Inc. in Blairsville, Ga., said Thursday that its board has adopted a tax benefits preservation plan to protect the company from any unintended ownership change.
February 24 - North Carolina
Crescent Financial Corp. in Raleigh, N.C., said late Wednesday that it is selling a majority stake to a bank holding company in return for a $75 million investment.
February 24 - Louisiana
Iberiabank Corp.'s agreement to buy the much smaller Omni Bancshares in Metairie, La., would the Lafayette, La., bank's first deal in Louisiana in seven years and its first unassisted bank purchase since 2007.
February 24 -
Diebold Inc. announced Thursday that Union Square Federal Credit Union has chosen it for monitoring and other services.
February 24 -
Fiserv Inc. said Thursday that Georgia's Own Credit Union in Atlanta will use its Acumen account processing technology.
February 24 -
Southern regional-bank operator Iberiabank said it will buy Omni Bancshares for about $40 million as it looks to bolster its presence in the New Orleans area.
February 24 - California
The $172 million-asset Pacific Valley Bank in Salinas said the Federal Deposit Insurance Corp. and the California Department of Financial Institutions ended the order in mid-January.
February 23 - Florida
With plans to sell its trust division, Bank of Florida Corp. is nearing dissolution.
February 23 - Virginia
On Tuesday, the Fed reported the formal actions it took against $242 million-asset American Bancorp. of Minnesota Inc. in Baxter, $1.2 billion-asset Eastern Virginia Bankshares Inc and its EVB bank unit in Tappahannock, $1.5 billion-asset Marquette Financial Cos. in Minneapolis and $541 million-asset National Bancorp Inc. in Schaumburg, Ill.
February 23 - Colorado
United Western Bancorp Inc., a holding company in Denver that is suing regulators to regain control of its failed thrift, has denied filing a quarterly report with the Office of Thrift Supervision.
February 23 - Florida
Reality is setting in that the state that was among the first to crash during the real estate crisis is likely to be the last to escape.
February 23 -
The National Credit Union Administration on Wednesday shut down the $1.8 million-asset NYC OTB Federal Credit Union. It was the third credit union to fail this year.
February 23 - South Carolina
SCBT Financial Corp. in Columbia, S.C., added $35 million in capital base to complement its acquisition last week of a failed bank.
February 22 - California
Wilshire Bancorp Inc. of Los Angeles said late Friday that it had hired Jae Whan Yoo, who resigned abruptly from Center Financial Corp. of Los Angeles in January, as president and chief executive.
February 22 - Pennsylvania
Bryn Mawr Bank Corp. in Pennsylvania said it has agreed to buy the private wealth operations of the Hershey Trust Co.
February 22 - North Carolina
Four Oaks Fincorp Inc. in North Carolina is on the hunt for capital after a large fourth-quarter loss. The $950 million-asset company said its loss in the quarter widened from $1.7 million a year earlier to $19.4 million.
February 22 - Louisiana
Iberiabank Corp. of Lafayette, La., said Tuesday that it has agreed to buy Omni Bancshares in Metairie, La., for $40 million in stock.
February 22 -
A lending cooperative that plans to help small banks compete for larger, high-quality loans has received a significant investment — and validation — from the global asset manager BlackRock Inc.
February 22 -
The somewhat inexplicable delay adds to the overall negative perception the SBA has often had, while compounding the belief that small-business help from the government is just lip service.
February 22 -
Pinpointing the geographic epicenter of the crisis is not a simple task. Viewed one way, California and Florida top the list. Viewed another, Puerto Rico and Nevada rank highest.
February 22





