Consumer banking
Consumer banking
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Webster Financial Corp. in Waterbury, Conn., on Friday said second-quarter earnings declined 24.2% from a year earlier. The $17.7 billion-asset company had net income of $12.7 million for the quarter, dropping from $16.8 million.
July 16 -
Second-quarter earnings at Ohio Valley Banc Corp. in Gallipolis, Ohio, rose 5.4% from a year earlier to $1.47 million. The $823.7 million-asset company said Thursday the quarterly earnings were driven by an increase in average-earning assets and net interest margin. For the first half, Ohio Valley's net income dropped 2% year over year to $3.3 million.
July 16 -
After raising $172.9 million of capital in nine months, West Coast Bancorp said regulators have terminated the cease-and-desist order under which it had been operating.
July 16 -
It was one of the busier weeks for dealmaking this side of the economic collapse. And though analysts say it might be too early to call it a breakthrough for open-bank deals, it is certainly a start.
July 16 -
North American Financial Holdings Inc., a group formed in December by former Bank of America Corp. Vice Chairman Eugene Taylor, sealed deals to buy three failed institutions in the Southeast late Friday.
July 16 -
The $3.6 billion-asset company will acquire all six of the Bank of Currituck's branches in northeastern North Carolina, including three in the Outer Banks. It will pick up $173 million in assets, including $96 million in performing loans, as well as $173 million in deposits.
July 16 -
Florida Bank Group Inc. said Thursday that it has agreed to acquire Anderen Financial Inc. The $843 million-asset parent company of Florida Bank will acquire Anderen, of Palm Harbor, Fla., with $150 million of assets, and its subsidiary, Anderen Bank, in an all-stock transaction.
July 15 -
Its keys to success have been an adherence to a strategy of courting customers disenchanted with their current bank, and the willingness to adapt to the changed banking landscape.
July 15 -
People's United Financial in Bridgeport, Conn., is on a shopping spree up and down the Northeast. The $22 billion-asset company announced late Thursday that it reached agreements to buy Smithtown Bancorp in Hauppauge, N.Y. and LSB Corp. in North Andover, Mass. Both are contiguous to People's United's existing market.
July 15 -
VIENNA, Va. – Navy FCU is opening its sixth branch in the Pensacola market and 182nd overall next Monday.
July 15 -
ATLANTA – Delta Community CU opened its first branch in the town of Gainesville, the $3.6 billion credit union’s 20th in the Atlanta market.
July 15 -
Republic Bancorp Inc. reported a 22% jump in second-quarter net income compared with a year earlier, and growth in its tax-refund business generated more than half its earnings, the company announced Thursday.
July 15 -
Suffolk Bancorp in Riverhead, N.Y., reported Thursday that second-quarter earnings fell 16% from a year earlier, to $4.8 million.
July 15 -
Malaga Financial Corp. in Palos Verdes Estates, Calif., reported record earnings Thursday for the second quarter and first six months of 2010.
July 15 -
The $95 million-asset Grandpoint Capital Inc. in Los Angeles said Wednesday that it had signed an agreement to acquire the $336 million-asset First Commerce Bancorp in Encino, Calif.
July 15 -
BancFirst Corp. in Oklahoma City announced Wednesday it is acquiring Union National Bancshares Inc. Through the deal, the $4.5 billion-asset BancFirst will pick up $135 million in assets, including $86 million in loans, from Union National.
July 14 -
The $11.6 billion-asset company announced late Tuesday that it is expecting to record a loan-loss provision of $57 million to $62 million, primarily stemming from credit problems in Florida and worsening credit quality in Louisiana and Texas.
July 14 -
SAN ANTONIO – Firstmark CU announced a deal yesterday to place its brand on three Cardtronics-owned and operated ATMs in Costco warehouses located in the San Antonio area.
July 14 -
Florida First City Banks Inc. said this week it had suspended an effort to raise up to $14 million after potential investors began backing away. Their reason: Worries about the potential consequences for banks as oil washes up on Panhandle beaches.
July 14


