Community banking
Community banking
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Glen Burnie Bancorp in Maryland has announced an executive departure for the second time in three months.
November 29 -
The Federal Deposit Insurance Corp.'s third-quarter earnings report was stacked with good news: record earnings and lending, fewer troubled loans and higher interest and noninterest income. Yet there was one statistic that is likely to fuel more calls for help from Washington.
November 29 - Maine
First Bancorp in Damariscotta, Maine, has repurchased warrants it sold to the Treasury Department under the Troubled Asset Relief Program.
November 29 -
Texas Capital Bancshares in Dallas is planning to raise more than $225 million from a stock offering.
November 28 - Kentucky
The largest shareholder at HopFed Bancorp in Hopkinsville, Ky., is calling on the company's president and chief executive to resign.
November 28 -
Ohio Legacy in North Canton viewed FirstMerits sale to Huntington as a motivator find a buyer of its own. It turned to United Community, an institution it had talked to on two other occasions.
November 28 -
IBM Southeast Employee Credit Union in Delray Beach, Fla., has reportedly filed an application to buy Mackinac Savings Bank in Boynton Beach, Fla.
November 28 - Indiana
Two Midwest community banks plan to close a total of 11 branches and record charges to pay for the shutdowns.
November 28 -
Citizens Building and Loan in Greer, S.C., will have a new president and chief executive next year.
November 28 -
James Cope, a former Pinnacle Financial Partners director who pleaded guilty to insider trading in October, was supposed to pay a $55,000 fine as part of a plea deal. But the judge hearing the case contends he should pay more.
November 23 - Pennsylvania
The Pennsylvania company has redoubled its outreach to low- and moderate-income consumers by partnering with Operation Hope on a down payment assistance program and naming a veteran banker to the newly created post of director of fair and responsible banking. But despite these efforts, history says Fulton is unlikely to escape punishment if the Justice Department finds that it violated fair-lending laws.
November 23 - South Carolina
The longtime CEO of Oconee Federal Financial in Seneca, S.C., is handing the reins to his son. Curtis T. Evatt, Oconee's president and chief financial officer, will succeed T. Rhett Evatt as CEO of the $484 million-asset holding company and Oconee Federal Savings and Loan Association on Jan. 1.
November 23 -
Belmont Savings in Massachusetts isn't trying to fire or replace its employees who work the phones pursuing sales leads, but it has made some technological investments to get more out of them.
November 23 -
Hopes are high among bankers that soon-to-be President Donald Trump and the new Congress will quickly lower the corporate tax rate. But a tax overhaul might benefit community banks and small regionals more than larger banks, especially those reliant on tax strategies that might be less meaningful in a new system.
November 23 - Ohio
Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.
November 22 - Virginia
Old Dominion National Bank has opened a new office in the northern Virginia suburbs of Washington and has hired five bankers to work there.
November 22 -
Old National Bancorp in Evansville, Ind., has agreed to pay for $79.1 million to buy 16 branches and other offices that it had been leasing.
November 22 -
More than 41% of banks have bought into hyperconvergence a blend of integrated server, storage and networking technology that's easily managed by software and there's no sign of its popularity letting up. PeoplesBank, a community bank in Massachusetts, is one of those that caught the bug.
November 22 -
The pending purchase of Carlile Bancshares will lower Independent's concentration in commercial real estate, while introducing the company to fast-growing markets in Texas and Colorado.
November 22 - New Jersey
Sun Bancorp in Mount Laurel, N.J., the $2.1 billion-asset parent of Sun National Bank, said independent director Anthony Coscia will serve as chairman of both starting Dec. 31.
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