Community banking
Community banking
- Washington
Washington Federal Inc. in Seattle is raising $300 million of capital to support its growth and possibly make acquisitions.
September 14 - Illinois
FBOP Corp. of Oak Park, Ill., which is low on capital at five of its nine banks, has a written agreement with regulators requiring it to improve quickly.
September 14 -
The Fed issued a "written agreement" between its Chicago Reserve Bank and FBOP Corp., the nation's largest privately held bank, ordering FBOP to submit a risk-management plan ...
September 14 -
Credit unions may be hard-pressed to fend off new efforts to bring them under the Community Reinvestment Act, in light of another study questioning their commitment to serving the underserved.
September 14 - Illinois
Time ran out on Corus Bank late Friday as regulators closed the once-high-flying Chicago condominium lender and sold its operations to another institution.
September 11 - California
Wilshire Bancorp Inc. in Los Angeles has filed a shelf registration to raise up to $100 million of capital.
September 11 - Colorado
Premier Members Federal Credit Union in Boulder, Colo., which has an agreement to absorb Colorado United Credit Union in Denver, said it expects to pursue more deals.
September 11 - Ohio
The struggling Park View Federal Savings Bank of Solon, Ohio, must boost its capital levels by yearend, and it has a new chief executive officer on board to help.
September 11 -
- Nevada
Global Consumer Acquisition Corp.'s grand plan to build one of the largest community banking operations is back on track with a deal to buy Service1st Bank of Nevada in Las Vegas.
September 10 -
- Texas
Absorbing Texas Community would increase Patriot's asset size by nearly half, to $1.67 billion, making it the 10th largest privately held banking company in the state.
September 10 -
Various findings indicate a link between small-business owners with mortgages that are resetting and spiking and the financial distress precipitating the small-bank failures.
September 10 - Nevada
The New York blank-check company said Wednesday that it signed a letter of intent to buy the $204 million-asset Service 1st Bank of Nevada in Las Vegas.
September 9 -
Agricultural loans are performing better than other credits, but signs of weakness are all around, and bankers are worried that regulators will overreact.
September 9 -
Corporate credit unions should be limited to providing a defined set of services, according to a joint task force formed by two trade groups for credit unions in the wake of two large failures this year.
September 8 - Virginia
At least two community banking companies announced plans Tuesday to raise capital, some of which may be used to repay government capital.
September 8 - California
UCBH Holdings Inc.'s troubles have deepened, as the San Francisco company ousted its chief executive of 18 years and another top manager amid allegations of fraud. The $13.8 billion-asset UCBH, which caters to Chinese immigrants, said an investigation by its board found that "certain bank officers" had tried to disguise credit problems and misled the company's finance department and outside auditors.
September 8 -
UCBH Holdings Inc. has entered into deals with state and federal regulators to "strengthen and stabilize" the California-based bank as its top two executives resigned.
September 8 - Missouri
WASHINGTON — Federal and state regulators shut five banks in Iowa, Missouri, Arizona and Illinois late Friday, raising the number of failures this year to 89.
September 8


