Community banking
Community banking
- California
Bank of Internet USA in San Diego is offering a loan portfolio program that few banks of its size are willing to hold: jumbo and super-jumbo mortgages.
June 10 - Oregon
Federal regulators have given PremierWest Bancorp in Medford, Ore., 60 days to come up with a capital plan even though the company raised capital in the first quarter.
June 10 - Delaware
WSFS Financial Corp. in Wilmington, Del., is preparing to raise as much as $150 million in fresh capital.
June 10 - New Jersey
Northfield Bancorp Inc. in Avenel, N.J., plans to raise up to $463 million of capital by converting from a mutual holding company to a stock company.
June 10 - Mississippi
Mississippi's slower-paced banks have fared far better than their higher-flying Southeastern cousins. Yet the tortoise-beats-the-hare story may be spoiled if the oil spill leaks into the state's economy.
June 10 -
Northfield Bancorp Inc. announced Thursday it plans to sell up to an estimated $821.3 million in stock as part of its ownership conversion from a mutual holding company.
June 10 - Oregon
The owner of a bank in Oregon cannot pay dividends without prior Federal Reserve approval. The Fed on Wednesday released its agreement with PremierWest Bancorp, which owns PremierWest Bank in Medford, Ore.
June 10 -
Bank securities held by the Treasury Department through the Troubled Asset Relief Program would no longer count toward a banking company's Tier 1 capital under the Senate's version of the reform bill, legal experts said.
June 9 -
WASHINGTON — Industry groups continued their full-court press Wednesday to keep an interchange provision out of the final regulatory reform bill, but whether they could succeed was an open question.
June 9 -
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More bankers are grappling with the prospect that the government will soon go from being a passive investor in their companies to an influence in the boardroom.
June 9 - Tennessee
The $3.2 billion-asset company announced late Tuesday that it had agreed to buy the privately held LaFollette First National Corp. for $16.1 million in cash, or $650 a share, about 1.05 times LaFollette's tangible book value.
June 9 -
The biggest banks continued to pay about half what the smallest banks paid for funding in the first quarter.
June 9 -
Re: "Despite Strength, Ag Lenders Face Heightened Reg Scrutiny" In 2008, I told all of our farm borrowers that my dad sold corn for $3.12 in August, 1975. By August, 1977, the price of corn below $1.60. Of course prices are going in the tank. That is not the time to sell.
June 9 -
Legislation to create a $30 billion fund to boost small-business lending is likely to pass the House this week and Senate leaders could consider it as early as next week.
June 8 - Louisiana
Louisiana Bancorp Inc. in Metairie said it is repurchasing its stock for the eighth time since completing a mutual-to-stock conversion three years ago.
June 8 - Texas
The Treasury Department announced it will auction off warrants today to purchase the common stock of Sterling Bancshares Inc. in Houston.
June 8 - Florida
Three and a half years after selling Harbor Florida Bancshares Inc. at the top of the market, the company's former executives have decided it's time to buy.
June 8 -
WASHINGTON — Two days ahead of the official start of a conference on regulatory reform legislation, lawmakers were staking out positions on key issues and hinting at potential compromises.
June 8 -
The Treasury Department said Tuesday it plans to sell its 2.62 million warrants to buy Sterling Bancshares Inc. stock Wednesday.
June 8



