Location Root Tag

J. Thomas May still believes community banks can thrive but executives must find new ways to engage customers, control costs and build scale.

Pathfinder Bancorp (PBHC) in Oswego, N.Y., has named longtime director Chris Burritt as its chairman.

Forget Times Square and champagne toasts. For the chief executive of American Savings Bank in Portsmouth, Ohio, New Year's Eve was all about courting business.

Central Valley Community Bancorp in Fresno, Calif., has redeemed $7 million of preferred stock issued to the Treasury Department under the Small Business Lending Fund.

PacWest Bancorp (PACW) in Los Angeles will take a $12 million after-tax charge in the fourth quarter because of stock awards connected to its pending acquisition of CapitalSource (CSE).

The state had a dozen deals last year as foreign investors looked to expand, particularly in the Miami area.

River Valley Community Bank in Yuba City, Calif., has named John M. Jelavich as its new president.

A former bank director accused of spearheading a massive investment scheme was arrested after a year and a half on the lam.

Northwest Bancorp (NBCT) in Spokane, Wash., has completed its redemption of preferred stock it issued to the Treasury Department under the Troubled Asset Relief Program.

The agreement paves the way for John Palmer, a principal and co-founder of PL Capital, to join BankFinancial's board.

Susquehanna Bancshares is doing a sale-leaseback of 30 branches to improve its capital planning. But over the long term, and more importantly to the industry overall, it could also help the bank get out of branches that may one day become obsolete.

The Federal Deposit Insurance Corp. issued a prompt corrective action against AztecAmerica Bank in Berwyn, Ill., in November and hit two other banks with consent orders.

Old National Bancorp (ONB) in Evansville, Ind., will pay a $500,000 fine in the process of satisfying a regulatory order to strengthen its anti-laundering controls.

WashingtonFirst Bankshares (WFBI) in Reston, Va., is the latest lender to divest securities on concerns about the Volcker Rule's controversial ban on collateralized debt obligations.

The Federal Reserve Board has approved Community West Bancshares' (CWBC) request to pay dividends on preferred stock.

Cathay General Bancorp in Los Angeles has announced a number of executive changes, including the appointment of Irwin Wong to the newly created position of chief retail administration and regulatory affairs officer.

Susquehanna Bancshares (SUSQ) in Lititz, Pa., has sold 30 branches to a SunTrust Banks (STI) subsidiary and agreed to lease them back.

The Columbus, Ga., company has overcome a series of challenges since 2008, yet it will face more in the coming year. CEO Kessel Stelling, in a Q&A, addresses questions about how it will boost revenue and profits.

The board of Carolina Trust Bank (CART) in Lincolnton, N.C., has recruited Jerry Ocheltree, the former leader of First Bancorp (FBNC), to be its next president and chief executive.

Buoyed by its success on the West Coast, Operation Hope is partnering with the likes of SunTrust and Popular Community Bank to set up its financial literacy centers in such cities as Memphis, Atlanta, Washington and New York.