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The choice of private equity's Edward Grebow to lead the union-owned Amalgamated Bank might still be considered an odd coupling — if the deficit-laden institution wasn't bleeding out profits and capital.
May 5 -
The FDIC has upped the ante in its push to force Republic Bank to stop making refund-anticipation loans, amending a notice of charges against the bank to include new violations.
May 5 -
The acquisition of a 90.1% stake in Green Bankshares would be North American Financial's sixth since the holding company was created last year to buy failed or struggling banks.
May 5 -
Many have argued that competitive pressures and increased regulatory costs will force a wave of consolidation in the banking industry. On Thursday, a prominent banker made a stark prediction about how many institutions will survive the next decade.
May 5 -
A federal judge has ordered the repatriation of $2.3 million traced to last year's collapse of St. Paul Croatian Federal Credit Union from a Macedonian bank as authorities try to determine if the funds were among those siphoned from the onetime $240 million-asset credit union.
May 4 -
Community Shores Bank Corp. in Muskegon, Mich., said Wednesday that its first-quarter loss widened to $734,000, from $440,000 a year earlier.
May 4 -
Tri-Valley Bank in San Ramon, Calif., said late Tuesday that it added three directors and elected a former Wells Fargo & Co. executive to chair its board.
May 4 -
A failed-bank acquisition lifted the first-quarter earnings of First Bancorp in Troy, N.C. The $3.4 billion-asset company's earnings rose 56% from a year earlier, to $5.3 million, according to a late Tuesday press release.
May 4 -
Brand Group Holdings Inc. in Lawrenceville, Ga., said Wednesday that it had raised $200 million in capital through a number of well-known private-equity groups.
May 4 -
North American Financial Holdings Inc. of Charlotte, N.C., last week merged TIB Bank into its flagship NAFH National Bank.
May 4 - Texas
Entrust Inc. has begun offering a mobile software development kit for users of its IdentityGuard authentication system.
May 4 -
National Bank of Oak Harbor and Commodore Perry Federal Credit Union in Oak Harbor are providing low-interest loans to help spruce up downtown.
May 3 -
The Federal Reserve on Tuesday announced written agreements with three companies.
May 3 -
Washington Trust Bancorp Inc. in Westerly, R.I., said Tuesday that the chancellor of Johnson & Wales University has joined its board.
May 3 -
SVB Financial Group in Santa Clara, Calif., said Tuesday that it had completed a tender offer for its Silicon Valley Bank unit.
May 3 -
A week after revealing that a $23 million loss in the first quarter had dropped its equity below zero, BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said late Monday that it is pursuing a stock offering in hopes of raising $30 million in fresh capital.
May 3 -
There are lists you want to be on, say, Santa's for presents. And there are lists you don't, such as the informal one Wall Street puts together of banks that may be compelled to sell under duress.
May 3 - Texas
JPMorgan Chase & Co. has scrapped a test of higher ATM fees it did in two states for noncustomers, a spokesman confirmed on Tuesday.
May 3 -
Bank of the Carolinas has entered into a consent order with state and federal regulators in which it agreed to improve its credit quality and maintain its "well-capitalized" status.
May 3 -
A week after revealing that a $23 million loss in the first quarter had dropped its equity below zero, BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said late Monday that it is pursuing a stock offering in hopes of raising $30 million in fresh capital.
May 3





