Community banking
Community banking
- Missouri
Instead of reporting third-quarter results as expected Tuesday, Enterprise Financial Services Corp. in Clayton, Mo., announced a delay.
October 13 - Maryland
Ordered by regulators to improve capital ratios at its bank unit, First Mariner Bancorp of Baltimore is unloading a consumer finance arm for about half of what it thinks the business is worth.
October 13 - New Jersey
Sun Bancorp Inc. in Vineland, N.J., warned Friday that it expects to report a third-quarter provision for loan losses of $16.2 million, a 133% increase from the second quarter.
October 9 -
The FDIC's decision to keep secret the losing bids for failed banks – after two decades of disclosing them – is proving controversial, with reactions ranging from outrage to just plain puzzlement.
October 9 -
William Isaac, a former chairman of the Federal Deposit Insurance Corp., says he understands why the agency might want to keep secret the losing bids for failed banks.
October 9 -
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Global Consumer Acquisition Corp., a blank-check company, said Wednesday that its shareholders had approved a deal to buy the $45 million-asset 1st Commerce Bank in North Las Vegas.
October 7 -
FirstFed Financial Corp. is looking to join the handful of other strugglers that have managed to woo investors in recent weeks. But as a California company chock full of option adjustable-rate mortgages, FirstFed could be the biggest test yet for the rebounding capital markets.
October 7 -
In the second deal using a new system for failed-bank asset sales, the Federal Deposit Insurance Corp. said late Tuesday that four investors will receive FDIC financing to acquire a piece of Corus Bank.
October 7 - California
As the former chief executive of Fair Isaac Corp., Larry E. Rosenberger knows a thing or two about credit risk. Now he's taking one, by extending a $500,000 loan to the cash-strapped Tamalpais Bancorp.
October 6 -
Beijing-based China Minsheng Banking Corp. plans to seek U.S. regulatory approval to increase its stake in San Francisco-based UCBH Holdings Inc., Bloomberg News reported Monday, citing two unnamed people briefed on the matter.
October 6 - Washington
Frontier Financial Corp. of Everett, Wash., is scrambling for capital again, after announcing Monday that its lifesaving deal with a blank-check company had fallen apart.
October 5 -
Frontier Financial and SP Acquisition Holdings terminated their July merger deal after failing to obtain regulatory approvals in time to complete the deal by a Saturday deadline.
October 5 -
Addison Avenue FCU has launched an "Intervention Center" as part of its new campaign that forcefully tells consumers CUs are a better option than banks, as evidenced by the motto "Friends Don't Let Friends Use Big Banks."
October 5 - Minnesota
State and federal regulators shut three banks late Friday — $538 million-asset Warren Bank in Michigan, $56.3 million-asset Jennings State Bank of Spring Grove, Minnesota and $39.5 million-asset Southern Colorado National Bank in Pueblo — bringing this year's failure total to 98.
October 4 - California
For the industry's entrepreneurs, buying a small depository, rather than building one from scratch, has gone from the exception to the rule.
October 2 - Michigan
State and federal regulators shut three banks late Friday — $538 million-asset Warren Bank in Michigan, $56.3 million-asset Jennings State Bank of Spring Grove, Minnesota and $39.5 million-asset Southern Colorado National Bank in Pueblo — bringing this year's failure total to 98.
October 2 - Michigan
As the new president and chief executive of Flagstar Bancorp Inc., Joseph P. Campanelli has a lot of work to do, but he has been in challenging situations before.
October 1 -
- Illinois
But First Busey raised $122 million last week, becoming the latest example of a struggling company to find investors in the thawing capital markets.
September 30





