Consumer banking
Consumer banking
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Banks that say they plan to go private almost always do so, but a Missouri company that wants to delist its stock is facing resistance from shareholders.
June 18 -
The Office of the Comptroller of the Currency has classified Metropolitan National Bank in Little Rock a "troubled institution" and ordered it to reduce problem assets, improve its capital ratios, and address the concentration risk in its commercial real estate portfolio.
June 18 -
Shares of United American Bank fell Tuesday after the San Mateo, Calif., company said it expects to report a loss for the second quarter as a result of a customer's bankruptcy.
June 18 -
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Hanmi Financial Corp. in Los Angeles has hired Jay S. Yoo, the former U.S. head of South Korea's Woori Bank, as its president and chief executive officer.
June 17 -
Firstbank Corp. in Alma, Mich., said Friday that it expects to add $3.1 million to its loan-loss provision for the second quarter.
June 16 -
Vineyard National Bancorp in Corona, Calif., said its initial efforts to shore up capital after losing millions of dollars on bad residential construction loans have failed.
June 16 -
Terminated bank acquisitions are rarely revived, but Summit Financial Group Inc. said it wanted the troubled Greater Atlantic Financial Corp. in Reston, Va., too much to let go.
June 16 -
When East West Bank in Pasadena, Calif., was accused of causing a borrower's default and subsequent bankruptcy, the bank offered to settle for $20 million rather than take its chances with a jury.
June 16 -
Two independent advisory firms are backing Team Financial Inc.'s proposed slate of directors over one proposed by a former director who is trying to regain his board seat at the two-bank Paola, Kan., holding company.
June 13 -
As a consultant to Republic First Bancorp Inc. of Philadelphia, Vernon W. Hill 2nd will be paid $250,000 annually and cannot work with any competing companies in Pennsylvania, New Jersey, or New York, according to an 8K filed Wednesday with the Securities and Exchange Commission.
June 13 -
Over the last decade SCBT Financial Corp. in Columbia, S.C., has built market share quickly in areas it has entered through acquisitions, and now it is aiming to replicate that success in the Carolinas' largest metropolitan market.
June 13 -
Kansas credit unions that count the state or large swaths of it as a field of membership will have to start redrawing their boundaries soon.
June 12 -
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Vernon W. Hill 2nd stops just shy of saying that his investment in a Philadelphia bank is the first step in trying to re-create Commerce Bank in Commerce's own backyard.
June 11 -
Capitol Bancorp Ltd. of Lansing, Mich., announced Tuesday that it plans to offer $30 million of trust-preferred securities.
June 11 -
Summit Financial Group Inc. in Moorefield, W.Va., is once again planning to buy Greater Atlantic Financial Corp. in Reston, Va.
June 11 -
After nearly a century, Bank of Eureka Springs is outgrowing its name.
June 11 -
A provision tucked into this year's federal farm bill has given the banking industry a legislative victory sought ever since the aftermath of Hurricane Katrina and Hurricane Rita three years ago.
June 10



