Consumer banking
Consumer banking
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With its expansion into Pennsylvania underway through two large acquisitions there, First Niagara Financial Group said Wednesday that it intends to sell $400 million of common stock so it can continue the buying spree.
September 23 -
With its stock trading under a dollar since June 23, Midwest Banc Holdings Inc. is in danger of being delisted.
September 22 -
DANVILLE, Penn. – Service 1st FCU broke ground last week on its future Corporate Center.
September 22 -
Some of the country's healthier midsize banks are losing interest in buying failed institutions, contending the deals are costly, time-consuming and in some ways not worth the trouble.
September 22 -
Merger and acquisition activity has been almost nonexistent, but that is not to say it has been uninteresting.
September 22 -
First Busey Corp. of Illinois plans to sell at least 18 million shares of common stock and $39.3 million in 9% convertible preferred shares to raise funds to boost capital at its Busey Bank unit and other purposes.
September 22 -
MECHANICSBURG, Penn. – Members 1st FCU will open its 34th branch today, the fifth new branch since last’s court decision striking down the credit union’s vast expansion plans.
September 21 -
FAIRFIELD, N.J. – Polish & Slavic FCU, which serves the sprawling Polish-American population in New York and New Jersey, is planning to open four branches in the Chicago area over the next two years.
September 21 -
CIB Marine in Pewaukee, Wis., is on track to turn more than $110 million of life-threatening debt into an abundance of capital and another shot at selling itself.
September 21 -
The $1.8 billion-asset company said in a Securities and Exchange Commission filing Monday that it has 60 days to submit a plan for maintaining sufficient capital, under a written agreement it signed Sept. 15 with the Federal Reserve Bank of San Francisco.
September 21 -
Metro Bancorp Inc. in Harrisburg, Pa., plans to sell $75 million of its common stock, in an offering that could help smooth its pending acquisition of Republic First Bancorp Inc. in Philadelphia.
September 21 -
While stock sales by large publicly traded banks have been in the spotlight this year, smaller banks have also been on a capital-raising binge.
September 21 -
The failures of $2.7 billion-asset Irwin Union Bank and Trust Co. and $493 million-asset Irwin Union Bank were estimated to cost the Deposit Insurance Fund a total of $850 million.
September 18 -
WASHINGTON — Under pressure from lawmakers not to charge banks another special assessment, Federal Deposit Insurance Corp. Chairman Sheila Bair said the agency would consider other alternatives — including some obscure ones — before it decides to act.
September 18 -
James Gutierrez, chief executive of Progress Financial in San Jose, believes he has found the key to reaching unbanked Hispanics — credit.
September 18 - Kentucky
The failures of $2.7 billion-asset Irwin Union Bank and Trust Co., of Columbus, Ind., and $493 million-asset Irwin Union Bank, of Louisville, Ken., were estimated to cost the Deposit Insurance Fund a total of $850 million.
September 18 -
A survey published last week by the Independent Community Bankers of America said 52% of community banks increased their budgets for payments projects from 2007 to 2009, while only 11% cut spending.
September 18 -
A year after the Troubled Asset Relief Program came along, a growing number of community banks the government spurned are on the brink of failure.
September 17 -
VICTORIA, Texas – Texas Dow Employees CU broke ground Tuesday on a 4,900-foot branch full-service branch.
September 17 -
DURHAM, N.C. – Latino Community CU has acquired a 11,895 square-foot building in the downtown where it plans to build new offices.
September 17





