Consumer banking
Consumer banking
-
Shareholders of American Community Bancorp Inc. in Evansville, Ind., on Wednesday approved the company's sale to German American Bancorp Inc. in Jasper, Ind.
December 22 -
Analysts predict there will be more deals like Hancock's takeover of Whitney as banks seek buyers to help cut ties with Treasury rather than test the highly dilutive capital markets.
December 22 -
Missouri Attorney General Chris Koster announced this week that his office has reached a consent judgment with Elite Financial Services Inc., a debt settlement company that allegedly misrepresented its services.
December 22 -
Hancock, of Gulfport, Miss., is buying the larger New Orleans-based Whitney. Hancock would gain an entree into Texas and Louisiana and a bigger presence in Florida and Mississippi.
December 22 -
Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to pay $108 million for hometown rival Legacy Bancorp.
December 22 -
Berkshire Hills Bancorp said the nearly $110 million deal for Legacy Bancorp will further bolster its presence in western Massachusetts and neighboring New York.
December 22 -
The $8.3 billion-asset Hancock is buying the larger $11.5 billion-asset Whitney, which has faced growing losses and deteriorating credit quality for several quarters. The deal would expand Hancock's operations in the Southeast and create a combined institution with approximately $20 billion of assets.
December 22 -
F.N.B. Corp. in Hermitage, Pa., announced Tuesday that longtime board member Peter Mortensen is retiring. The former chairman of the $9 billion-asset F.N.B. plans to leave when his term expires in May.
December 21 -
Shareholders at PremierWest Bancorp in Medford, Ore., have approved a reverse split of the company's stock, which could boost its share price.
December 21 -
Webster Financial Corp. said Tuesday that it plans to raise $156.6 million to help pay off its Troubled Asset Relief Program funding.
December 21 -
Anchor BanCorp in Madison, Wis., has regained compliance with Nasdaq listing requirements after its stock price rose in recent weeks.
December 21 -
The federal bank regulators announced asset-size thresholds Tuesday for small institutions to qualify for easier Community Reinvestment Act exams.
December 21 -
The Federal Deposit Insurance Corp. announced three shared-equity deals Tuesday for a total of $620 million in failed-bank assets.
December 21 -
Brandon Steele knows how to process crude oil, sew duffle bags and raise cattle. But being chairman of a community bank is a new one for this serial business owner.
December 21 -
-
Webster Financial Corp. in Waterbury, Conn.,is raising capital to pay off the balance of the Treasury Department's investment under the Troubled Asset Relief Program.
December 20 -
Central Pacific Financial Corp. in Honolulu said Monday that it renegotiated its stock conversion rate with the Treasury Department related to its $135 million in Troubled Asset Relief Program funds.
December 20 -
When Cordia Bancorp formed in 2009, the plan was to acquire a shelf charter to bid on failed banks. With the market moving faster than regulators, that strategy has been ditched.
December 20 -
Shareholders of First Niagara Financial Group Inc. and NewAlliance Bancshares Monday overwhelmingly approved their merger agreement despite strong disapproval from Connecticut officials.
December 20 -
EL SERENO, Calif.-The marriage of a coffee shop with a branch of Cal State L.A. FCU is percolating just fine, according to the CU.
December 20


