Consumer banking
Consumer banking
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F.N.B. Corp. in Hermitage, Pa., said Friday it made progress on reducing its troubled Florida loans.
July 24 -
WASHINGTON — In one fell swoop, regulators seized a $2.8 billion-asset Georgia banking company and its six subsidiaries and sold them off to another bank in the state. The six failures, along with one earlier in the evening in New York State, brought the year’s total to 64. Since June 26, the Federal Deposit Insurance Corp. has handled 24 failures, averaging almost five a week.
July 24 -
Nonperforming assets continued to rise at an already stressed Citizens Republic Bancorp of Flint, Mich., in the second quarter, as the Michigan economy deteriorated further.
July 24 -
With loan trouble continuing to escalate, United Community Banks Inc. in Blairsville, Ga., swung to a $23.1 million operating loss in the second quarter, from a $7.1 million operating profit a year earlier.
July 24 -
Recognizing the cash crunch many small businesses are facing, a Colorado banking company has come up with a plan to help them increase their visibility — and, it's hoped, their sales — without increasing their marketing budgets.
July 24 -
Despite a boost from the sale of its Colorado branches, First State Bancorp in Albuquerque said Thursday that it lost $6.2 million in the second quarter.
July 23 -
Capitol Bancorp Ltd. has spent years expanding into growth markets to offset the sputtering Michigan economy. But now Capitol, sputtering itself, is practically dumping its home state.
July 23 -
Guaranty Financial Group Inc. in Austin, Tex., is conceding defeat. The $14.4 billion-asset company said late Thursday that its thrift unit is essentially being run by the Office of Thrift Supervision and is likely to be seized soon.
July 23 -
FT. LAUDERDALE, Fla. – BrightStar CU said it plans to re-open its Hollywood branch.
July 22 -
NILES, Mich. – United FCU broke ground on a second Niles branch across from the Wal-Mart on July 13.
July 22 -
Retail deposit rates by product line
July 22 -
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Like New Orleans next door, Omni Bank in Metarie, La., is undergoing a reincarnation of sorts. The $750 million-asset bank has hired new management and is shifting its focus from residential loans to commercial and industrial. Plus, plans are being made to bulk up through acquisitions.
July 22 -
Though its Florida bank unit continued to struggle, Park National in Newark, Ohio, earned $19.9M in the 2Q, a 9.2% increase from a year earlier.
July 22 -
Attorneys general in Ohio and West Virginia yesterday filed separate lawsuits against National Enterprise Systems Inc. (NES), a Solon, Ohio-based collection agency, for allegedly using collection methods that violate state and federal laws.
July 22 -
Though its Florida bank unit continued to struggle, Park National in Newark, Ohio, earned $19.9M in the second quarter, a 9.2% increase from a year earlier.
July 22 -
As it prepares to report an anomalous quarterly loss, West Bancorp. Inc. in West Des Moines is searching for a new chief executive officer.
July 22 -
East West Bancorp Inc. in Pasadena, Calif., which has raised $168.9 million of common equity in the past several weeks, is trying to bring in more.
July 21 -
S&T Bancorp Inc. in Indiana, Pa., said Monday that it swung to a $10.2 million loss in the second quarter, from a $13.9 million profit a year earlier, mostly because chargeoffs spiked to $34.6 million, or 3.91% of average loans.
July 21


