Consumer banking
Consumer banking
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CenterState Banks Inc. in Winter Haven, Fla., said it has received approval to consolidate three of its subsidiary banks into a single charter.
October 29 -
First Place Financial Corp. of Warren, Ohio, said a regulatory examination was behind its decision to postpone the release of its results for its fiscal first quarter, which ended Sept. 30.
October 29 -
The $1.5 billion-asset AmericanWest last week announced the sale of its banking subsidiary to a heavily capitalized investor group, SKBHC Holdings LLC, in a bankruptcy court bidding procedure.
October 29 -
The National Credit Union Administration is back in the market, this time with $2.82 billion of guaranteed securities backed by commercial mortgages.
October 29 -
Saddle River Valley Bancorp in New Jersey has a new private-equity owner. The $82.8 million-asset company announced Thursday that SRV Holdings Inc. — an investment vehicle of the New York private-equity firm J.C. Flowers & Co. — has bought a controlling interest in Saddle River Valley. Though the companies did not disclose terms, a spokesman said SRV purchased a 50.5% stake, with the expectation that it would invest additional funds in the future.
October 28 -
Hanmi Financial Corp. of Los Angeles said Thursday that its net loss improved in the third quarter and its bank returned to a well-capitalized regulatory standing.
October 28 -
United Community Banks Inc. in Blairsville, Ga., reported a net loss of $239 million for the third quarter, which it attributed primarily to a major goodwill impairment charge.
October 28 -
All that's standing between Flagstar Bancorp Inc.'s past as a troubled mortgage lender and a potential future as a full-service community bank is $1.1 billion of problem loans.
October 28 - Georgia
The Federal Reserve Board issued three enforcement actions against community banks and their holding companies on Thursday.
October 28 -
A credit repair operation has agreed to stop making false claims and stop charging upfront fees under a settlement with the Federal Trade Commission.
October 28 -
Cathay General Bancorp of Los Angeles had income of $17.3 million for the third quarter compared with a net loss of $17.7 million a year earlier.
October 27 -
Wintrust Financial Corp. in Lake Forest, Ill., on Wednesday reported earnings of $20.1 million for the third quarter, as interest income rose and its loan-loss provision fell dramatically.
October 27 -
First Place Financial Corp. in Warren, Ohio, has pushed back the release of results for its fiscal first quarter. The $3.1 billion-asset company was expected to release results for the quarter that ended Sept. 30 after the market closed Tuesday, but instead issued a brief press release saying that the report, along with a conference call with investors scheduled for Wednesday, had been postponed.
October 27 -
Third-quarter net income at Trustmark Corp. in Jackson, Miss., rose 1.4% year over year, to nearly $25.9 million. The $9.4 billion-asset Trustmark had aggressively reduced problem loans, resulting in higher chargeoffs yet a lower loan-loss provision.
October 27 -
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EWING, N.J. – At Ewing High School, a former closet has become a student-run branch for the Blue Devil Branch of Credit Union of New Jersey.
October 27 -
PORTSMOUTH, N.H. – Service CU, a fast-growing $1.8 billion defense credit union, is preparing a proposal to build a 100,000-square-foot corporate headquarters in the city's recently adopted “Gateway District.”
October 27 -
NORTH LIBERTY, Iowa – The North Liberty City Council on Tuesday night voted to approve the purchase and transfer of land for a new University of Iowa Community CU office building, a 100,000-square-foot structure projected to cost $20 million to build.
October 27 -
Nearly two years after hiring CEO Paul Perrault, known for his acquisitiveness, the capital-heavy Brookline announced Wednesday that it would buy another Massachusetts company, First Ipswich Bancorp, for $19.7 million.
October 27 -
PrivateBancorp Inc. in Chicago returned to the black in the third quarter. The $12.5 billion-asset company reported Tuesday that it earned $4.5 million, compared with a loss of $818,000 in the second quarter and a loss of $31.2 million a year earlier.
October 26


