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Iberiabank (IBKC) in Lafayette, La., has uncovered an accounting error that forced it to restate nearly three years of financial data.
March 1 -
The Securities and Exchange Commission will not punish United Community Banks after an accounting investigation, the Blairsville, Ga., company said Monday.
March 25
Colonial Virginia Bank (CNVB) in Gloucester, Va., has revised its yearly earnings downward after a required adjustment to pension costs.
The $114.9 million-asset company said in a press release Friday that it earned $742,181 last year, compared to the originally reported $862,279. After the adjustment, Colonial's profits were still 160% higher than they were in 2012.
The company's net after-tax earnings for the year are the second-highest in its history, at $544,054. "Therefore, the bank considers the performance of 2013 to be a banner year," the release said.
