Community banking
Community banking
- Maryland
Severn Bancorp in Annapolis, Md., has agreements in place to raise $11 million through a private placement of common stock.
April 15 -
Beneficial Bancorp in Philadelphia is planning to eliminate 11% of its workforce over the next three months.
April 15 -
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.
April 15 -
WASHINGTON The House passed a bill 247-171 on Thursday that would raise the threshold for a Federal Reserve Board exemption that helps banks raise Tier 1 capital.
April 14 -
Community Bank in Pasadena, Calif., has promoted from within to fill the positions of president and chief banking officer.
April 14 - Texas
David Bohne was the president of a big, successful bank until he took a year off to clear his head. When he was ready to return, he looked at banks across the country but found what he needed in a small, family-run institution right in his hometown.
April 14 -
Washington Federal in Seattle said its profit rose 3.4% to $41.7 million in the three months that ended March 31 as loan growth outweighed higher information technology costs.
April 14 -
West Shore Bank Corp. in Ludington, Mich., has agreed to buy West Michigan Bank & Trust in Frankfort.
April 14 -
FHFA Director Mel Watt acknowledged that the principal reduction program may seem "too small and too late."
April 14 -
PacWest Bancorp in Los Angeles reported higher quarterly profit led by its acquisition of Square 1 Financial in Durham, N.C.
April 14 -
The hardest part of converting a thrift is establishing a "culture of high performance" and shareholder accountability, says Andrew Samuel, CEO at Sunshine Bancorp, in Plant City, Fla. Sunshine converted to a stock-owned company in July 2014.
April 14 -
A month after introducing the Express Business Loan for its customers, Eastern Bank in Boston says it is in talks with several banks across the U.S. to license the product.
April 14 - Nebraska
Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.
April 13 -
To date, only a handful of banks have become benefit corporations, but experts believe the number could rise as regulators become more comfortable with the concept.
April 13 -
Financial Institutions in Warsaw, N.Y., has offered an olive branch to resolve a proxy battle with an activist investor.
April 13 - New York
Noah Bank in in Elkins Park, Pa., has sued NOA Bank in Duluth, Ga., in a dispute between two Korean-American banks over trademarks and competitive intelligence.
April 13 -
Profits soared at Bank of the Ozarks in Little Rock, Ark., thanks primarily to its expanding loan portfolio.
April 12 -
Long-term worries, short-term worries, the broader economy and more. Community bankers see lots of obstacles to earnings growth this year, according to a recent survey of 250 small-bank executives conducted by Vining Sparks.
April 12 -
The banking industry, in the face of prolonged challenges, is relying on professional help to improve in areas such as productivity, hiring and M&A. The hope is that being introspective now will limit the amount of costly mistakes in the future.
April 12 -
The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, according to CoreLogic.
April 12





