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A group of investment firms has forced American Bancorp. into liquidation over unpaid trust-preferred debt. Creditors have threatened to go this route before but this is the first time any have followed through, serving as an ominous precedent for the up to 300 banks in danger of defaulting on the hybrid securities.
June 2 -
Mercantile Bank (MBWM) in Grand Rapids, Mich., has finally completed its acquisition of Firstbank (FBMI) in Alma, Mich.
June 2 -
Astoria Federal Savings (AF) in Lake Success, N.Y., has changed its name to Astoria Bank.
June 2 -
Los Alamos National Bank in New Mexico named community banking veteran John S. Gulas as its next chief executive officer.
June 2 - Alaska
RENTON, Wash. A woman who allegedly robbed an Alaska FCU office here last Thursday showed up at the same location the following day and was arrested by police.
June 2 -
The Seminole Tribe of Florida is reportedly seeking approval to form a bank and buy Valley Bank in Fort Lauderdale, Fla.
June 2 -
Under Roy Malone's direction, Golden Pacific Bancorp last year introduced an online lending platform that vastly speeds up the approval process for borrowers seeking Small Business Administration loans ranging from $5,000 to $150,000.
June 2 -
NBT Bancorp in Norwich, N.Y., has prepaid about $165 million in Federal Home Loan Bank borrowings.
June 2 -
The Office of the Comptroller of the Currency has closed Slavie Federal Savings Bank in Bel Air, Md.
May 30 -
The Federal Deposit Insurance Corp. is looking to ban a former Tennessee banker from the industry following his institution's 2012 failure.
May 30
