Location Root Tag

The Durbin amendment has sent another debit rewards program to the graveyard as USAA Federal Savings Bank will officially terminate its offering on Sept. 1.

TrustCo Bank Corp NY of Glenville, N.Y., has completed a stock offering, raising about $68.1 million in fresh capital.

Directors at Nara Bancorp Inc. and Center Financial Corp. will have a few more months to deliberate over the planned merger of the two companies.

Commonwealth Bankshares Inc. and Hampton Roads Bankshares Inc., both in Norfolk, are potentially in hot water with federal officials. For some observers, the troubles began when each tried to keep pace with the biggest community bank in their market.

Wincor Nixdorf AG is changing its U.S. business model, shifting from a centralized unit based in Austin, Texas to a more dispersed structure.

Wells Fargo & Co. announced Thursday that its insurance arm has acquired EDIFY LLC, an employee benefits consulting firm based in Fort Lauderdale, Fla.

Independent Bank Corp. in Ionia, Mich., has called off a planned a public offering in which it had intended to raise up to $110 million of fresh capital.

The Federal Reserve on Tuesday announced three written agreements.

First Community Corp. in Lexington, S.C., on Wednesday agreed to buy the assets of Palmetto South Mortgage Corp. of Columbia, S.C. The $607.3 million-asset company said it expects to complete the deal on July 31.

American National Bankshares Inc. completed its 34.7M acquisition of MidCarolina Financial Corp. Seperately, Wintrust Financial said it completed its purchase of Great Lakes Advisors Inc.

Signature Bank said it would offer at least 4.1 million shares of common stock, which would raise its number outstanding by 9.9%.

Linda Nahra, the president and chief executive at Community West Bancshares in Goleta, Calif., has notified the company that she is stepping down at the end of the month to pursue another business opportunity.

El Paso offers a microcosm of the banking industry, showing how banks operating side by side can diverge dramatically based on daily choices.

ECB Bancorp Inc. in Englehard, N.C., is planning to raise $75 million in a private stock offering and intends to use a portion of the funds to exit the Treasury Department's Troubled Asset Relief Program.

Park National in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

The Bank of Kentucky Corp. in Crestview Hills announced Friday a deal to acquire the operations of United Kentucky Bank of Pendleton County Inc.

First Connecticut Bancorp Inc.'s stock rose 10% Thursday in its first day trading on the Nasdaq after converting to a stock company from mutual ownership.

Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1

Deborah Wright has likely never been as happy to be a New Yorker as she is this week. Carver Bancorp, a struggling thrift company where Wright is the CEO, managed to bring in $55M in capital in a deal led by many of the city's heavyweights.

Merger-and-acquisition activity may be slow in most regions of the country, but it is picking up steam in California.