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A former Georgia community banker who was accused of fraud and faked suicide has pleaded guilty to three felony charges for his role in allegedly defrauding a bank and private investors.
June 5 -
The company claims in a lawsuit against the Puerto Rican government that the territory could lose "a major lender in the Puerto Rico housing market" if it is denied a $230 million tax refund.
June 5 - Iowa
ALEXANDRIA, Va. Idaho, Iowa and Virginia continue to lead the way in state-level gains, according to NCUA.
June 5 -
Donald Shamey, president and chief executive at NexTier Bank in Butler, Pa. will retire in July after 40 years at the helm.
June 5 -
American Express can provide affordable products to the unbanked and still make a profit, company executive Dan Schulman said at the Emerge conference. He was vague on details but hinted that its prepaid cards built on an lower-cost software platform are part of the answer.
June 5 -
The Columbus, Ohio, company started giving away pens in its branches in 2010. Now more than 20 million are in circulation around the world with a few ending up in bizarre places, including the movie Bad Grandpa.
June 5 -
WASHINGTON As NCUA sifts through more than 2,000 comment letters on the risk-based capital proposal, CUNA and NAFCU hope the agency pays close attention to a letter the regulator received Wednesday from leaders of the Senate Banking Committee.
June 5 - Virginia
ARLINGTON, Va. There is more turnover at the top at NASCUS after chairman John Kolhoff resigned earlier this week due to increasing duties in his role as a Michigan regulator.
June 5 -
Fidelity Southern (LION) in Atlanta said Thursday that it is buying five branches and roughly $200 million of deposits from CenterState Bank of Florida (CSFL).
June 5 -
BNC Bancorp (BNCN) in High Point, N.C., has agreed to buy Harbor Bank Group in Charleston, S.C.
June 5 - Minnesota
MORA, Minn. After leading Greater Minnesota Credit Union for 27 years, CEO Steve Ahlness will retire July 1.
June 5 -
It's not easy to survive as a single-branch community bank anymore. That's the view of John Essen, president of Community Savings Bank in Bethel, Ohio, which agreed this week to merge with Home Building and Loan Co., a savings and loan in Greenfield, Ohio.
June 4 -
An appeals court on Wednesday voided a controversial decision in 2011 by New York Judge Jed S. Rakoff, saying he erred in scuttling a $325 million settlement between the Securities and Exchange Commission and Citigroup (NYSE: C).
June 4 - Oklahoma
LAWTON, Okla. An armed robber discharged his weapon inside a Southwest Oklahoma FCU office here Monday, and that ended up costing the crook some money.
June 4 -
National Penn Bancshares (NPBC) in Allentown, Pa., has agreed to buy TF Financial (THRD) in Newtown, Pa. The $8.6 billion-asset National Penn will pay $138 million in cash and stock for the $846 million-asset TF Financial.
June 4 -
Old National Bancorp (ONB) in Evansville, Ind., has agreed to buy LSB Financial (LSBI) in Lafayette, Ind. The $9.6 billion-asset Old National will pay about $67 million, or $41.67 a share, in cash and stock for the $366 million-asset LSB.
June 4 -
BROOMFIELD, Colo. The $151 million Community Financial CU here and the $66 million Boulder Municipal Employees FCU plan to merge this fall.
June 4 -
Most banks say they listen to the customer, but Jim Simpson at City Bank Texas directly studies comments made in call centers and branches for clues to the next mobile banking app features.
June 4 -
Independent Bank Group (IBTX) in McKinney, Texas, plans to file a shelf registration that would allow it to sell up to $250 million in debt and equity securities.
June 4 -
Californians picked Republican Neel Kashkari, a political newcomer who ran the federal bailout of the U.S. banking system, to challenge incumbent Democrat Jerry Brown for governor in November.
June 4
