Community banking
Community banking
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A federal judge heard arguments from ICBA and NCUA on whether to dismiss the banking group's legal challenge to the credit union regulator's changes to the member business lending rule. A decision on the dismissal could come as early as January.
December 16 - Illinois
Old Second Bancorp in Aurora, Ill., raised $45 million from a debt sale.
December 16 -
Pacific Metro Bank would cater to Chinese-Americans around Atlanta. The application process is worth watching since the group is seeking the first Georgia charter in seven years and would be based in a market where more than 90 banks have failed since 2007.
December 16 -
Borrowers served by the FHA program, particularly first-time buyers and minorities, have benefited from nonbanks' increase in lending. Those independent lenders should be commended for filling a gap.
December 16 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
December 16 - West Virginia
The $14.3 billion-asset company said in a press release Thursday that it will sell about 4.3 million shares of common stock.
December 15 - Oklahoma
Bankers got what they asked for when the Federal Open Market Committee raised the federal funds rate by 25 basis points this week, but some banks could face near-term pain as securities portfolios lose value and certain hedging strategies backfire. Moreover, the rate hike won't have a meaningful impact on net interest margins until loan demand picks up.
December 15 -
Colony Bankcorp in Fitzgerald, Ga., has bought back more of its former Troubled Asset Relief Program shares held by private investors.
December 15 -
Ed Francis, a former executive at Hancock Holding, is seeking to buy an existing bank rather than pursue a new charter. He explains why he is prefers a complex bankruptcy process over applying to form a new bank.
December 15 -
First Internet Bancorp in Fishers, Ind., disclosed in a regulatory filing that it is looking to raise $25 million capital through a stock offering.
December 15 -
A prominent activist investor has pared back its stake in three banks.
December 15 -
The National Credit Union Administration rule expanding member business lending introduces new risks and lacks legal basis.
December 15 -
Bay Commercial Bank in Walnut Creek, Calif., has agreed to buy First ULB in Oakland, Calif.
December 15 - New York
PCSB Bank in Yorktown Heights, N.Y., is planning to convert to stock ownership, ending 145 years as a depositor-owned mutual.
December 15 -
The $8.2 billion-asset company said in a press release that it will move westward with an agreement to buy the $2.5 billion-asset Southwest Bancorp in Stillwater, Okla., for $564 million.
December 14 -
The $1.3 billion-asset Veritex said in a press release Wednesday that it will pay $162 million for the $1.1 billion-asset Sovereign.
December 14 -
Call it the banking equivalent of a farmers market in Brooklyn: A startup is building a platform to highlight mission-driven banks for prospective customers who want to know how their money is lent.
December 14 -
Pacific Premier in California has been firing on all cylinders when it comes to lending, but it needed low-cost deposits. Buying Heritage Oaks Bancorp will do just that.
December 14 - Mississippi
Renasant in Tupelo, Miss., is the latest bank in the Deep South to announced a large stock offering.
December 14 -
F.N.B. Corp. in Pittsburgh has hired an executive to lead its new Charlotte, N.C., office after it completes its deal for Yadkin Financial.
December 14





