Community banking
Community banking
- California
Banc of California (BANC) in Irvine says it booked more than $1.4 billion in loans during the second quarter.
July 7 -
Many small banks lack the resources to make necessary investments in cybersecurity. One solution could be to institute regional centers that would allow banks to pool resources, train staff and investigate potential breaches.
July 7 -
GNB Financial Services in Gratz, Pa., has agreed to buy FNBM Financial in Minersville, Pa.
July 7 - Virginia
MainStreet Bank (MNSB) in Fairfax, Va., reported higher profits on double-digit loan and deposit growth in the second quarter.
July 3 - Washington
Plaza Bank (PZBW) in Seattle has raised $4.2 million through a stock offering. The $79 million-asset bank said in a press release Thursday that unnamed individual investors participated in the offering.
July 3 - Louisiana
Investar Holding (ISTR) in Baton Rouge, La., raised more than $40 million from its initial public offering.
July 3 -
TFS Financial announced dividend plans recently that have many wondering whether it is headed toward a second-step conversion in the near future. The speculation makes sense, but the Cleveland company would face some obstacles.
July 3 - Missouri
UMB Financial (UMBF) in Kansas City, Mo., will settle a dispute over an asset purchase agreement.
July 3 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
July 3 -
Savings Bank of Danbury and Greylock Federal Credit Union are working with Fiserv and the University of Connecticut to examine how Millennials interface with mobile banking.
July 3 - Michigan
MBT Financial (MBTF) in Monroe, Mich., has been freed from a consent order under which it had been operating for the last four years.
July 3 -
Sun Bancorp (SNBC) in Mount Laurel, N.J., will eliminate nearly 40% of its work force as part of a major cost-cutting effort.
July 3 -
Franklin Synergy Bank in Franklin, Tenn., is taking a look at going public.
July 2 -
The case against a Georgia man and two companies he controls involves allegations of collecting debts that consumers did not owe.
July 2 -
MutualBank (MFSF) in Muncie Ind., has agreed to buy Summit Mortgage in Fort Wayne, Ind.
July 2 -
Complete Financial Solutions, a mortgage and financial services company in Spokane, Wash., has agreed to buy American Patriot Bank in Greenville, Tenn.
July 2 -
The $3 billion-asset company said in a press release Wednesday that Scott Skorobohaty will be responsible for all commercial banking operations, which include serving small and midsize businesses, professional services firms and nonprofits.
July 2 - New York
Carver Bancorp (CARV) in New York will revise its fiscal year 2014 and fiscal fourth quarter results to reflect higher expenses related to its pension plan and its accounting for leases.
July 2 -
Frank Sorrentino will attempt to integrate the systems at Center Bancorp a mere three weeks after the company merged with ConnectOne. The key is tremendous up-front planning and having a crisis team at the ready, he says.
July 2



