Community banking
Community banking
- Kentucky
Community Trust Bancorp (CTBI) in Pikeville, Ky., said Wednesday that its second-quarter earnings climbed 2% from the same period last year, to $12.2 million, due to improved loan quality and lower overhead.
July 16 -
Vantage Bancorp in San Antonio has agreed to buy Medina Bankshares in D'Hanis, Texas.
July 16 -
A community group opposes Banc of California's plans to buy 20 branches, saying management isn't being open about plans to serve low-income and minority customers. The bank says its all a misunderstanding. Still, the issue shows why banks must foster good relations with powerful advocacy groups.
July 16 -
Community Bancshares in McArthur, Ohio, has agreed to buy Citizens Bank of Asheville in Ohio.
July 16 -
A group led by Michael Quagliano, Solera's biggest shareholder, successfully took over the company's board last month, possibly ending a lengthy proxy battle.
July 16 - California
First Republic Bank (FRC) in San Francisco reported higher earnings for the second quarter, as strong revenue growth helped offset a rise in compliance costs.
July 16 -
Boston Private Financial Holdings (BPFH) has agreed to buy Banyan Partners, an investment advisory firm in Palm Beach Gardens, Fla.
July 16 -
Even activities permitted under the Volcker Rule may not be worth the legal and compliance costs for small and midsize banks, according to three attorneys at Bass, Berry & Sims.
July 16 -
PNC Financial Services Group Inc., the second-largest U.S. regional bank, reported a profit that beat analysts' estimates as expenses declined and the company set aside less money to cover soured loans.
July 16 -
Smaller banks are disproportionately affected by regulation, forcing some to consider selling or to rethink their strategy, two community bankers argued before Congress.
July 15 - Virginia
Farmers & Merchants Bank (FMBM) in Timberville, Va., plans a preferred stock offering to raise $9.5 million.
July 15 -
First Commonwealth Financial Corp. (FCF) in Indiana, Pa., has launched a new residential mortgage banking division.
July 15 -
WASHINGTON A new analysis by the American Action Forum examines the cumulative costs and paperwork burdens of the Dodd-Frank Act roughly four years after the financial reform law's passage.
July 15 -
The industry is slowly turning to valuations based on earnings rather than tangible book value, raising concerns that banks might feel pressure to make short-term decisions and ill-fated acquisitions.
July 15 - Virginia
The Virginia and West Virginia bankers associations have intensified merger discussions and could combine into a single trade group by year's end, according to a report Tuesday from Richmond BizSense.
July 15 - California
Westamerica Bancorporation (WABC) in San Rafael, Calif., reported another decline in quarterly profits as low interest rates continued to reduce yields on loans and investment securities.
July 15 -
The Fed Chair tells lawmakers she's "very positive on the idea of having a community banker appointed to the Board," but against requiring it by legislation.
July 15 -
Washington Federal (WAFD) in Seattle reported increased quarterly earnings after buying dozens of branches from Bank of America (BAC).
July 15 -
The Federal Deposit Insurance Corp. has proposed tailoring its system for pricing banks' insurance premiums to correspond with new Basel capital requirements.
July 15 - Texas
Independent Bank in McKinney, Texas, is planning to raise capital by issuing debt.
July 15



