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The troubled Greenville, S.C., bank lost $15 million in the second quarter, its first quarterly results since a new management team replaced the three founders who were fired in April. Moreover, local NAACP leaders have raised concerns about the firings, which they say sent a toxic message to the local African-American community.
July 31 -
Sun Bancorp in Mount Laurel, N.J., reported a second-quarter loss due to one-time charges related to its ongoing restructuring efforts.
July 31 -
If finalized and then approved by regulators, the combination of the Des Moines and Seattle Home Loan banks would be the first voluntary merger in the systems history.
July 31 -
First Bancorp in Southern Pines, N.C., posted a 20% jump in its second-quarter earnings as its provision for loan losses declined and fee income increased.
July 31 -
ALEXANDRIA, Va. The NCUA Board unanimously approved a rule Thursday morning to eliminate the 5% cap on fixed assets.
July 31 -
Banc of California in Irvine reported a jump in second-quarter profits, fueled by strong growth in its loan portfolio.
July 31 -
TFS Financial in Cleveland reported that its quarterly profits increased as net interest income rose and its loan-loss provision shrank.
July 31 -
WESTMINSTER, Colo. and WARRENVILLE, Ill. System United Corporate Federal Credit Union, better known as SunCorp, on Wednesday announced its intent to merge with Alloya Corporate Federal Credit Union of Illinois.
July 31 - Illinois
BENSENVILLE, Ill. The operations of Bensenville Community CU have been temporarily suspended by the Illinois Division of Financial Institutions.
July 31 -
EverBank Financial in Jacksonville, Fla. reported a decline in second-quarter earnings as loan servicing fees and loan production revenue plunged.
July 30 -
Home Bancshares in Conway, Ark., has agreed to acquire Broward Financial Holdings in Fort Lauderdale, Fla.
July 30 -
Cullen/Frost Bankers in San Antonio, Texas, reported an uptick second-quarter earnings, boosted by its recent acquisition of WNB Bancshares.
July 30 -
Tighter margins held back BOK Financial in Tulsa, Okla., last quarter. The $28 billion-asset company reported a profit of $76.7 million, down 4% from the same period last year.
July 30 -
Valley National Bancorp in Wayne, N.J., reported that second-quarter earnings declined because of a significant drop in noninterest income.
July 30 -
South State reported higher second quarter earnings compared to last year, as the Columbia, S.C., company expanded through the combination of SCBT and First Financial Holdings.
July 29 -
Victor K. Nichols, a former executive at Experian, has joined the board of the Bank of Hawaii in Honolulu.
July 29 -
S&T Bancorp in Indiana, Pa., reported higher second-quarter earnings driven by loan growth and a credit for its loan-loss provision.
July 29 -
Though satisfying examiners remains a priority, their decisions about how and where to deploy resources are being mostly driven by the desire to meet customers' changing demands, according to a new survey from the advisory firm KPMG.
July 29 -
NBT Bancorp in Norwich, N.Y., reported a 63% rise in second-quarter earnings from a year earlier after selling partial ownership in Springstone Financial.
July 29 -
United Bankshares, in Charleston, W.Va., reported an increase in second-quarter earnings, in part because of its acquisition of Virginia Commerce Bancorp in Arlington.
July 29





