Community banking
Community banking
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The Federal Reserve is seeking input on a measure that would bar U.S. banks from acquisitions that push their share of all financial-company liabilities above a 10% threshold.
May 8 -
U.S. Bancorp (USB) supported $202 million of tax-credit-based financing in the southeastern United States last year, more than doubling its community development financing from the previous yea
May 8 -
A pair of acquisitions announced this week is creating chatter about out-of-market interest in Florida's banks. Still, some caution that bankers must be mindful of past mistakes by other long-distance buyers.
May 8 -
United Community Bank (UCBI) in Georgia is expanding its Small Business Administration funding by acquiring a portion of Business Carolina's (BCI) operations.
May 8 -
The long wait is finally over for Mercantile Bank (MBWM) in Grand Rapids, Mich., as it looks to acquire Firstbank (FBMI) in Alma, Mich.
May 8 - New York
First Niagara Financial (FNFG) in Buffalo is shelling out another six-figure sum for severance tied to an ousted executive.
May 8 -
National Bank Holdings (NBHC) in Greenwood Village, Colo., has consolidated the roles of chairman and chief executive.
May 8 -
Bank of the Ozarks (OZRK) in Little Rock, Ark., is encouraging shareholders to support its proposal to more than double its authorized common stock.
May 8 -
Commerce Bancshares (CBSH) in Kansas City, Mo., has agreed to sell three branches in rural southeastern Missouri to New Era Bank in Fredericktown, Mo.
May 8 -
Washington Federal (WAFD) in Seattle negotiated a discount on its recent purchase of Bank of America (BAC) branches after deposits levels at those locations fell.
May 8 -
Colorado lawmakers on Wednesday passed a bill to establish a financial services co-operative to serve licensed marijuana dispensaries in the state.
May 8 - Montana
Eagle Bancorp Montana (EBMT) in Helena has applied for a state charter for its American Federal Savings Bank.
May 8 -
Valley National Bancorp (VLY) in Wayne, N.J., has agreed to buy 1st United Bancorp (FUBC) in Boca Raton, Fla.
May 8 - Virginia
Xenith Bankshares (XBKS) in Richmond, Va., has named Thomas Snead Jr. chairman.
May 7 -
Higher regulatory and compliance costs may push more small banks to sell themselves or merge with larger institutions. But so far, community bank consolidation rates are following historical patterns.
May 7 -
Lenders everywhere are looking for signs of heightened loan demand, and a San Diego bank says it has found a strong one.
May 7 -
Simmons First National (SFNC) in Pine Bluff, Ark., has agreed to buy Community First Bancshares in Union City, Tenn.
May 6 - New York
Kinderhook Bank in New York has raised $7.4 million after selling preferred stock.
May 6 - Michigan
A Michigan state court judge has reportedly postponed a trial in which former customers of Lotus Bancorp in Novi, Mich., had filed a lawsuit against the bank's executives for sending racist emails.
May 6



