Community banking
Community banking
- California
First Northern Community Bancorp in Dixon, Calif., has promoted Jeremiah Z. Smith to take over as chief financial officer at the end of the year.
November 16 - Michigan
The Federal Reserve Board on Tuesday issued written agreements against three community banks and their parent companies.
November 16 - Illinois
Roughly a year after announcing plans to halve itself to survive, Mercantile Bancorp Inc. in Quincy, Ill., is again in search of more capital.
November 16 -
Re: "Viewpoint: Harness Home Loan Banks for Job Creation" Nov. 10. I concur with Mr. Hurley that the Federal Home Loan Bank System played a critical role in providing liquidity during the financial crisis. I cannot, however, agree with the approach he proposes to restructure the Home Loan Bank System.
November 16 -
JPMorgan Chase said it more than doubled the amount of loans it has offered through the SBA in fiscal 2010, making it the most prolific lender in the agency's program for the year.
November 16 -
- North Carolina
The dismal results came after the $1.6 billion-asset company said it would sell a majority of its common stock to private-equity-backed North American Financial Holdings.
November 15 - Massachusetts
Eastern Bank Corp. has received regulatory approval to buy Wainwright Bank and Trust Co., the Boston companies said Monday.
November 15 - Kansas
Capitol Federal said it had received conditional approval from the OTS to begin a new offering of between 118 million and 159 million shares of common stock at $10 a share.
November 15 - Indiana
Horizon Bancorp in Michigan City, Ind., said it has repurchased 25% of its preferred stock under the Troubled Asset Relief Program.
November 15 - Indiana
The $7.5 billion-asset company on Monday held a call for all of its 8% trust-preferred securities that were due in 2032 at a redemption price of $25 a share.
November 15 - North Carolina
Bank of Granite in Granite Falls, N.C., cited higher credit-related expenses in reporting that it third-quarter loss widened to $4.3 million.
November 15 - Pennsylvania
Royal Bancshares of Pennsylvania Inc. in Narberth said Monday that it narrowed its third-quarter loss by 36% compared with a year earlier.
November 15 -
Increased regulation has been widely cited as a catalyst for the recent wave of bank acquisition deals, but lately regulators have been throwing some wrenches into the works.
November 15 - Georgia
Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.
November 12 -
Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.
November 12 -
Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith won near-universal acclaim as Obama's pick to lead the FHFA.
November 12 - California
First Northern Community Bancorp in Dixon, Calif., said Owen Onsum will retire as president and chief executive at the end of the year.
November 12 - Maryland
Tri-County Financial Corp. in Waldorf, Md., said Friday that its board authorized the repurchase of up 1% of its common stock.
November 12 - Virginia
Cardinal Bankshares Corp. in Floyd, Va., said Friday that its third-quarter earnings nearly tripled year over year, to $829,000.
November 12



