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Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.
November 6 -
Alliance in Syracuse, N.Y., and Hancock in Gulfport, Miss., reported starkly different outcomes for their offensive stock offerings Friday.
November 6 -
Enforcement actions often call for banks to increase capital, but a recent order for Hanmi Financial Corp. shows regulators are getting pickier. They want more common equity.
November 5 -
Bryn Mawr Bank Corp. in Pennsylvania has a deal to expand in Delaware County by buying First Keystone Financial Inc. in Media. The $1.2 billion-asset Bryn Mawr agreed to pay about $32.7 million for First Keystone.
November 5 -
Georgia Bancshares Inc. in Peachtree City has agreed not to pay dividends or incur debt without Federal Reserve Board approval.
November 5 -
For months now, Central Pacific Financial has been aiming at a moving target in trying to raise capital. And after a staggering $183M third-quarter loss because of rising loan trouble, the target just moved again.
November 4 -
Despite posting its fifth consecutive quarterly loss, and its biggest one yet by far, Flagstar Bancorp Inc.'s new chairman and chief executive insisted the company could be a potential acquirer once it raises more capital.
November 3 -
Credit kept worsening at First State Bancorp. in Albuquerque last quarter — leaving the company undercapitalized and its bank unit only adequately capitalized.
November 3 -
Despite raising capital three times in the last 12 months, Macatawa Bank Corp. in Holland, Mich., needs more capital because of mounting losses.
November 2 -
CapitalSource Inc. of Chevy Chase, Md., said Monday that its third-quarter net loss widened 11.2% from the previous quarter, to $274 million, as it increased its loss allowance by 97 basis points, to 5.48% of commercial loan assets.
November 2 -
Donald Marron, whose Lightyear Capital LLC agreed to inject $40 million into Cascade, said that his team has met with roughly 150 management teams at midsize community banks in the past year.
November 2 - Illinois
The Federal Deposit Insurance Corp. dusted off rarely used authority to charge the banks for the resolution costs of the other seven insolvencies — ultimately causing the $4.7 billion-asset Park National in Oak Park, Ill., and the $118 million-asset Citizens National Bank in Teague, Texas, to fail as well.
November 2 - Texas
Charming Shoppes Inc. has closed on the sale of its private-label credit card portfolio to Alliance Data Systems Inc. for $166 million.
November 2 - Texas
MasterCard Inc. said Monday that USAA Federal Savings Bank has signed up for its Integrated Processing Solutions debit platform.
November 2 - Texas
MoneyGram International Inc. posted a narrower third-quarter loss thanks to stronger revenue than analysts expected.
November 2 -
Over a year after being hit hard by the takeover of Fannie Mae and Freddie Mac, FBOP Corp.'s nine banks totaling $19B in assets were closed by the government Friday night.
October 30 -
Two years into the financial crisis, spreads have widened considerably, and Beal's buying is in overdrive. Its assets surged 135% from a year earlier, to $7.5 billion at June 30.
October 30 -
In reporting a $12.6 million third-quarter loss, Cascade Bancorp also announced it has a second regulatory order — private-equity firm willing to give it an infusion.
October 30 -
An unexpectedly high number of cash withdrawals made with payroll cards at its Allpoint automated teller machines drove Cardtronics Inc. into the black in the third quarter.
October 30 -
For the first time in more than two years, nonperforming assets at Atlantic Coast Federal Corp. in Waycross, Ga., went down.
October 30





