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First Niagara Financial Group Inc. in Buffalo said Tuesday that its second-quarter net income fell 32.3% from the same period last year, to $13.6 million, primarily on costs related to its $1.5 billion acquisition of NewAlliance Bancshares and other items.
July 21 -
Hanmi Financial Corp. in Los Angeles remained in the black for the third consecutive quarter, posting an $8 million profit in the quarter that ended June 30, compared to a net loss of $29 million in last year's second quarter.
July 21 -
Improved asset quality and upticks in its commercial and mortgage lending helped Taylor Capital Group Inc. in Chicago narrow its loss in the second quarter.
July 21 -
Steel man Frank Williams Jr. aims to become a winner in the bank consolidation game by capitalizing on Great Atlantic Financial's losses.
July 20 -
Community Trust Bancorp Inc. in Pikeville, Ky., said Wednesday that second-quarter earnings rose 4.9% from a year earlier, to $9 million, on higher net interest and noninterest income.
July 20 -
Victory Bancorp in Limerick, Pa., said Wednesday that it raised $2.6 million in capital. The company sold convertible preferred securities with a 7% coupon.
July 20 -
Renasant Corp. in Tupelo, Miss., said late Tuesday that its second-quarter earnings jumped 51.7% from a year earlier, to $5.8 million, due to a wider net interest margin and a decline in its loan-loss provision.
July 20 -
John Kanas released a statement on Tuesday re-asserting that BankUnited Inc.'s planned acquisition of Herald National Bank jibes with his noncompete provisions with Capital One Bank.
July 19 -
Fulton Financial Corp. in Lancaster, Pa., said Tuesday that its second-quarter earnings rose nearly 15% from the same period last year, to $36. 4 million.
July 19 -
Northern Trust Corp. in Chicago has promoted Chief Financial Officer William L. Morrison to president and chief operating officer and has hired Bank of America Merrill Lynch veteran Michael G. O'Grady to be the new CFO.
July 19 -
With loan demand still weak in most of its markets, Westamerica Bancorporation in San Rafael, Calif., said Tuesday that its second-quarter profit fell by nearly 10% from the same period last year, to $21.3 million.
July 19 -
Floating loans to movie producers and rock stars may not be the banking industry's cure-all. But for a pair of banks, the entertainment business has provided a well-timed safe harbor.
July 19 -
AmeriServ Financial Inc. in Johnstown, Pa., said that its second-quarter earnings increased by more than 300%, to $1.9 million, from the same period last year because it did not have to set aside any funds for loan losses.
July 19 -
Mercantile Bank reported second-quarter earnings of $2.4 million, compared to a reported loss of $700,000 a year earlier, driven largely by a reduction in credit costs.
July 19 -
Jones Bancshares LP agreed to serve as a source of strength to its $405.1 million-asset PrimeSouth Bank in Blackshear, which has been operating under a consent order from the Federal Deposit Insurancce Corp. since Jan. 31.
July 19 -
First Financial Holdings Inc. in Charleston, S.C., is looking to unload $155 million of mostly troubled real estate loans by the end of 2011.
July 19 -
First BanCorp in San Juan, P.R., has increased the maximum amount of its planned capital raise from $550 million to more than $562 million.
July 19 -
Bank of Hawaii in Honolulu has agreed to pay $9 million to settle a class-action lawsuit in which it was accused of improperly charging overdraft fees on debit card transactions.
July 19 -
The Los Angeles company is now telling investors it may scale back its ambitions and raise only what it needs to complete its acquisition of rival Center Financial Corp.
July 18 -
A trio of Colorado congressmen — Ed Perlmutter, Mike Coffman and Scott Tipton — are sponsoring the Capital Access for Main Street Act.
July 18





