Location Root Tag

Bankers and consultants alike report a quiet and continuing migration of seasoned talent away from the nation's major banks and into the calmer offices of smaller regional lenders.

Georgian Bancorp. is still seeking to raise at least $25M after a tenfold jump in bad loans in six months.

Profits at Hudson Valley Holding Corp. in Yonkers, N.Y., plummeted 96% from a year earlier, to $300,000.

CapitalSource reported Thursday that it swung to a $247M loss in the 2Q, from a profit of $62M a year earlier, as credit quality continued to worsen.

The once-acquisitive company announced after the market closed Wednesday that it had hired the investment bank Keefe, Bruyette & Woods to review strategic alternatives, including a sale.

Umpqua Holdings Corp. plans to aggressively expand its private banking unit as other, smaller banks divest such businesses. Donna Huntsman, who was hired Monday to be a senior vice president of private banking, said she expects the Roseburg, Ore., company to have at least $900 million of private banking assets under management in three years.

The $3.8 billion-asset First Financial missed out on the boom years, spending the middle part of the decade quitting unprofitable business lines and markets, and shedding employees.

The Federal Reserve Board ordered Michigan's troubled Warren Bank to quickly boost capital or find a buyer.

After a consent order from its regulators landed it in default on a line of credit, Amcore Financial Inc. in Rockford, Ill., has paid down some of the debt and gotten an extension to repay the rest.

Hampton Roads Bankshares in Norfolk, Va., swung to a loss for the second quarter, suspended its common share dividend and said it plans to offer stock.

Regulators closed institutions in five states late Friday, bringing the year's toll to 69 and leaving the FDIC with almost $1 billion more in losses.

SP Acquisition Holdings Inc., a blank check company with $429 million to spend, has agreed to buy the $4 billion-asset Frontier through a share exchange and then recapitalize its bank.

As FSI Group LLC prepared to pour $40 million into Security Bank Corp. last year, it considered what it thought would be the worst-case scenario.

Though the seizure of Security Bank Corp.'s six banks did nothing to change Georgia's reputation as a failure hub, many are calling the resolution the best thing to happen to the state's banking market in years.

A year after posting its first loss, Corus Bankshares is out of capital and out of options. The $7 billion-asset Chicago company reported Friday that it lost $487.3 million in the second quarter, leaving its bank unit with a capital deficit of $157 million.

Despite a second-quarter loss of $43.9 million that left it with a capital shortfall, Integra Bank Corp. in Evansville, Ind., said Friday that it has made progress in dealing with its souring credit quality.

Though its nonperforming loans grew dramatically in the second quarter, Appalachian Bancshares Inc. in Ellijay, Ga., said Thursday that it expects to bring in enough capital to satisfy a regulatory order.

For a year and a half, Taylor Capital Group in Rosemont, Ill., has tried to distinguish the growth of its commercial and industrial lending from the credit problems in its residential real estate portfolio.

After posting its fifth consecutive quarterly loss and falling out of compliance with a regulatory order, Pacific Capital Bancorp said it is weighing "strategic alternatives" — which usually means a company is on the sales block.

With its credit quality increasingly troubled, Midwest Banc Holdings Inc. was already among the relatively small group of banks to defer dividend payments on the government's preferred shares.