Community banking
Community banking
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At my class reunion at Brown a few years ago I was asked to participate in an ethics panel. I started out with a joke, of course.
September 29 - Ohio
WesBanco Inc.'s February 2001 announcement that it was acquiring the $660 million-asset American Bancorp was supposed to signal the start of a major out-of-state expansion for the Wheeling, W.Va., company.
September 28 -
BankFinancial Corp., of Olympia Fields, Ill., plans to raise as much as $196 million in a full conversion to public ownership.
September 28 -
AF Financial Group of West Jefferson, N.C., has settled a dispute with the chief executive officer it fired in July.
September 28 -
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September 28 -
Park National Corp. in Newark, Ohio, has agreed to buy First Clermont Bank, a Milford thrift, for $52.5 million in cash, or two times its book value.
September 27 -
Congress is expected to miss an Oct. 1 deadline to keep lender fees associated with the Small Business Administration's flagship 7(a) loan guarantee program from jumping by 40% to 100%.
September 27 - Arizona
Banks are anteing up to defeat a ballot initiative that would deny government services to undocumented immigrants, concerned that it would make all immigrants, even legal ones, frightened to seek banking services.
September 24 -
UniBank in Miami has put itself on the block and will likely announce a deal the next two months, according to a local newspaper report.
September 24 -
Fidelity Bankshares Inc. of West Palm Beach, Fla., announced Wednesday that it would acquire First Community Bancorp Inc. of Pahokee, Fla., for $27.1 million of cash and stock.
September 23 -
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Summit Bank Corp. of Atlanta has gone global.
September 23 - Massachusetts
Central Bancorp Inc.'s move to rid itself of an insurgent investor by buying its stake for an above-market price in a privately negotiated deal has angered other institutional investors and prompted at least one, Sandler O'Neill Asset Management LLC, to dump its shares of the Massachusetts company.
September 23 - Kansas
Another community banking acquisition appears to be in danger of unraveling unless the seller is willing to lower its asking price significantly.
September 22 -
Three years ago it seemed inconceivable that a company as high-flying as Nara Bancorp Inc. could lose 20% of its market value on news that its accountant had resigned.
September 22 -
Whether or not it was once true that most bank presidents inherited the job, it isn’t now.
September 22 - Washington
When Carver Bancorp Inc.'s $33 million deal for Independence Federal Savings Bank was announced in March, it was touted as a possible first step in creating a black-owned banking franchise stretching from New York to Washington.
September 21 -
First Indiana Corp. of Indianapolis said it plans to eliminate 70 jobs and consolidate all its back-office operations into one department; the moves will result in a $1.1 million charge to third-quarter earnings.
September 21 -
AnchorBank in Madison, Wis., has signed a cease-and-desist order with the Office of Thrift Supervision concerning its compliance with the Bank Secrecy Act.
September 21







