-
C&I lending exploded at SunTrust in the third quarter, it cleared its balance sheet of some lingering problems and CEO Bill Rogers is bullish on mortgages. But the question remains whether the Atlanta company will need to do more to exorcise the past.
October 22 -
Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.
October 19 -
First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.
October 19 -
First Horizon Financial National (FHN) saw its stock fall almost 5% in early trading Friday after announcing a $30 million charge tied to loans where the borrower has liquidated debts in bankruptcy court.
October 19 -
Borrowing by homeowners and improving credit quality boosted third-quarter profits at BancorpSouth (BXS) of Tupelo, Miss. The $13.2 billion-asset company said late Thursday that its earnings doubled, to $23.8 million, compared with a year earlier.
October 19 -
Pinnacle, the flagship bank unit of the $6.7 billion-asset Pinnacle Bancorp, agreed last Thursday to buy the $183 million-asset First State Bank of Joplin in Missouri. A day later, the bank announced plans to buy the $139 million-asset Hastings State Bank in Nebraska.
October 18 -
KCB Bank in Kearney, Mo., a unit of Bancshares of Missouri, filed an application this month with the Federal Reserve to assume the assets and liabilities of the $38 million-asset Northland National Bank in Gladstone, Mo.
October 18 -
Jeff Davis Bancshares of Jennings, La., has agreed to acquire Guaranty Capital, as the buyer expands northward in its home state.
October 18 -
Strong mortgage banking revenue boosted third-quarter earnings at Umpqua Holdings (UMPQ) by almost 15% from a year earlier, to $25 million.
October 17 -
Associated Banc-Corp in Green Bay, Wis., announced plans to close a dozen branches a day before it is scheduled to release its third-quarter results.
October 17 -
American State Bancshares in Great Bend, Kan., has taken a small step towards its goal of becoming a $1 billion-asset company.
October 17 -
Rising mortgage lending and a growing wealth management business is propelling profits at First Republic Bank (FRC) in San Francisco.
October 17 -
Third-quarter earnings at Taylor Capital Group (TAYC) more than doubled to $15 million from last year as mortgage banking revenue continued to soar.
October 17 -
Shares of Cathay General Bancorp soared Wednesday after the Los Angeles company reported a nearly 20% increase in its third-quarter profit.
October 17 -
Sterling Financial in Spokane, Wash., said that two lawsuits filed over its bank's overdraft fees have been dismissed.
October 17 -
Strong net interest income helped Wintrust Financial (WTFC) overcome rising labor expenses and smaller gains on failed-bank acquisitions.
October 16 -
Park National (PRK) in Newark, Ohio, warned that a loan chargeoff may lower earnings per share for the third quarter by as much as 41%.
October 16 -
Fulton Financial (FULT) in Lancaster, Pa., said late Tuesday that its third-quarter profit climbed 5.7%, to $41.6 million, from the same period last year as improved asset quality and growth in fee income offset sluggish loan growth.
October 16 -
Stonegate Bank (SGBK) in Fort Lauderdale, Fla., beefed up its lending team even as it reported higher profits for the 27th consecutive quarter.
October 16 -
Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., has agreed to pay roughly $53.7 million to acquire a niche bank to help fund future loan growth.
October 15





