Community banking
Community banking
-
Home BancShares in Conway, Ark., said in a press release Thursday that its bank has been declared the winning bidder for Bank of Commerce in Sarasota, Fla., as part of a bankruptcy auction.
November 17 -
Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes and financial penalties not to mention higher compliance costs and longer delays in closing loans.
November 17 -
Carter Bank in Virginia had been enjoying record profit until it was ordered to beef up Bank Secrecy Act compliance. The institution is the latest community bank to take a hit from enhanced oversight.
November 17 -
Sterling Bancorp in Montebello, N.Y., is planning to raise up to $81 million through a stock offering.
November 17 -
Franklin Financial Network in Franklin, Tenn., is raising capital after being flagged by regulators for its exposure to commercial real estate.
November 16 -
PacWest Bancorp in Los Angeles has agreed to sell four properties in California to a real estate firm.
November 16 - Georgia
SouthCrest Financial Group in Woodstock, Ga., has agreed to sell its only Alabama branches to Guardian Credit Union in Montgomery, Ala.
November 16 - Virginia
MainStreet Bancshares in Fairfax, Va., has hired a veteran Virginia banker as its president.
November 16 -
The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.
November 16 -
Franklin Financial Network in Franklin, Tenn., has filed plans to raise up to $62 million in a common stock offering.
November 16 - Minnesota
AgriBank in St. Paul, Minn., is removing "interim" from the title of its chief executive.
November 16 -
Glacier Bancorp in Kalispell, Mont., will enter Arizona after buying TFB Bancorp in Yuma.
November 16 -
The $1.8 billion-asset parent of Cambridge Trust said in a press release Tuesday that Michael Carotenuto started as CFO on Monday. He succeeds Albert Rietheimer, who is retiring after serving as CFO since 2005.
November 15 -
PeoplesBank in York, Pa., has hired Charles T. Field as its chief financial officer. The $1.5 billion-asset bank said in a press release Tuesday the Field will also be treasurer of its parent company, Codorus Valley Bancorp.
November 15 -
Bay Bancorp in Columbia, Md., is defending itself against claims it should be held responsible for embezzlement that allegedly took place at a bank it recently bought.
November 15 - Pennsylvania
The former chief executive of NOVA Bank in Berwyn, Pa., will serve more than two years in a federal prison for his role in a fraud scheme involving the Treasury Department's Troubled Asset Relief Program.
November 15 -
Little Bank in Kinston, N.C., has agreed to buy its first bank. It will pay $30.7 million, or $11.94 a share, for the $298 million-asset Union Banc in Oxford, N.C.
November 15 -
The founder of Sterling Bancshares in Poplar Bluff, Mo., has resigned a month after he being placed on administrative leave.
November 14 -
Betting the farm on record crop, livestock and dairy prices has turned into a losing investment for an expanding share of America's agricultural heartland. The level of debt to income is the highest in three decades, and growers are increasingly unable to make loan payments.
November 14 - California
Summit State Bank in Santa Rosa, Calif., has hired a rivals chief credit officer.
November 14





