Community banking
Community banking
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Fentura Financial in Fenton, Mich., has agreed to buy Community Bancorp in St. Charles, Mich.
March 24 - Nebraska
The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators.
March 23 -
Carolina Trust Bank in Lincolnton, N.C., has revised downward its fourth-quarter results because of accounting changes related to its retirement plan and an acquisition from years ago.
March 23 -
Seacoast Banking Corp. of Florida in Stuart has reached an agreement with an activist investor after signs had emerged of a potential proxy battle.
March 23 -
The New York State Appellate Division of the Supreme Court ruled on Tuesday that the activist investor Joseph Stilwell cannot force NorthEast Community Bancorp in White Plains, N.Y., to convert to a fully stock-owned bank.
March 23 -
TriCo Bancshares in Chico, Calif., paid a lower deposit premium for its purchase of Bank of America branches after deposit levels at those offices fell.
March 23 -
A number of banks are on pace this year to surpass $10 billion in assets, which would subject them to heightened regulatory requirements such as stress tests and interchange fee caps. Several institutions have already announced big deals to cross that threshold. Here are 10 banks that could do the same.
March 23 -
Northwest Bancshares in Warren, Pa., has agreed to buy Best Insurance Agency, an employee benefits and property and casualty insurance firm in Butler, Pa.
March 23 -
Central Bancshares in Muscatine, Iowa, has agreed to buy Brimfield Bank in Brimfield, Ill.
March 22 -
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.
March 22 -
California Republic Bancorp, which has been aggressively originating and securitizing auto loans for years, is keen on revving up the engine to expand from a 10-state area to a national platform.
March 22 - Michigan
ChoiceOne Financial Services in Sparta, Mich., will begin work on remodeling its bank's headquarters in May.
March 22 -
South State in Columbia, S.C., has promoted one of its executives to become chief executive of its bank.
March 22 -
An activist investor is laying the groundwork for a potential proxy battle with Seacoast Banking Corp. of Florida in Stuart.
March 21 - New Jersey
Lincoln Park Savings Bank in New Jersey is now Lincoln 1st Bank.
March 21 - North Carolina
Capital Bank Financial in Charlotte, N.C., will record a first-quarter $5.5 million net loss, after it agreed to an early termination of its loss-share agreements tied to three failed banks.
March 21 -
A dozen banks from Arkansas to Virginia are nearing $10 billion in assets, where they will face higher compliance costs and caps on interchange fees. Mergers among those institutions could create a new class of regional bank.
March 21 -
The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., and issued an enforcement action against Hazard Bancorp in Kentucky.
March 18 -
Granite Bank in Colebrook, N.H., has named a Minnesota community banker as its new chief executive.
March 18 -
The Independent Community Bankers of America and the Credit Union National Association sent a joint letter to the Financial Accounting Standards Board urging changes to a proposal to alter how financial institutions establish reserves for loan losses.
March 18





