Community banking
Community banking
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Banc of California in Irvine reported a jump in second-quarter profits, fueled by strong growth in its loan portfolio.
July 31 -
TFS Financial in Cleveland reported that its quarterly profits increased as net interest income rose and its loan-loss provision shrank.
July 31 -
Old National Bancorp in Evansville, Ind., has spent the last year buying its way into higher-growth markets, including a deal announced Monday in Grand Rapids, Mich. CEO Bob Jones is still antsy to expand in Louisville but acknowledges that shareholders want him to take a break from M&A.
July 30 - Florida
EverBank Financial in Jacksonville, Fla. reported a decline in second-quarter earnings as loan servicing fees and loan production revenue plunged.
July 30 -
Home Bancshares in Conway, Ark., has agreed to acquire Broward Financial Holdings in Fort Lauderdale, Fla.
July 30 -
Most bankers expect to see deposits flow out of their coffers next year if interest rates rise as expected, and some are starting to estimate how many. Whether the trend is good or bad depends on each bank's specific situation, but everybody has to get ready.
July 30 - Texas
Cullen/Frost Bankers in San Antonio, Texas, reported an uptick second-quarter earnings, boosted by its recent acquisition of WNB Bancshares.
July 30 -
Doral Financial, the holding company for Puerto Rico's second-largest mortgage lender, is trying to sell itself in parts, people with knowledge of the matter said, to maintain compliance with capital requirements.
July 30 - Oklahoma
Tighter margins held back BOK Financial in Tulsa, Okla., last quarter. The $28 billion-asset company reported a profit of $76.7 million, down 4% from the same period last year.
July 30 -
Bank owners can make more objective decisions about whether it's the right time to sell by comparing the value of holding onto the bank to its private market price and instating an external review process, writes consultant J.V. Rizzi.
July 30 -
Valley National Bancorp in Wayne, N.J., reported that second-quarter earnings declined because of a significant drop in noninterest income.
July 30 -
Community banks are disappearing and big banks' global power is on the wane. Regulators should take steps to reverse these trends so that all Americans have access to the financial services they need, according to the American Bankers Association's Wayne Abernathy.
July 30 - South Carolina
South State reported higher second quarter earnings compared to last year, as the Columbia, S.C., company expanded through the combination of SCBT and First Financial Holdings.
July 29 - Hawaii
Victor K. Nichols, a former executive at Experian, has joined the board of the Bank of Hawaii in Honolulu.
July 29 -
S&T Bancorp in Indiana, Pa., reported higher second-quarter earnings driven by loan growth and a credit for its loan-loss provision.
July 29 - New York
Though satisfying examiners remains a priority, their decisions about how and where to deploy resources are being mostly driven by the desire to meet customers' changing demands, according to a new survey from the advisory firm KPMG.
July 29 - Virginia
United Bankshares, in Charleston, W.Va., reported an increase in second-quarter earnings, in part because of its acquisition of Virginia Commerce Bancorp in Arlington.
July 29 -
The Federal Deposit Insurance Corp. issued five corrective actions and three money penalties in June, according to the agency's monthly roundup of regulatory actions.
July 29 -
Interest rates for mortgages over $417,000 have fallen 11 basis points during the past six weeks, driven by competition among banks to win the mortgage business of wealthy, less risky borrowers and in turn, make them customers of other financial products.
July 29 -
Shares for Sterling Bancorp in Montebello, N.Y., rose after the company posted stronger quarterly income tied to its merger with Provident New York Bancorp.
July 29





