Community banking
Community banking
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UMB Financial Corp. (UMBF) in Kansas City, Mo., posted its 14th consecutive quarter of loan growth for the period ending Sept. 30.
October 22 -
Poage Bankshares (PBSK), in Ashland, Ky., has agreed to acquire its crosstown rival, Town Square Financial, for $14.7 million.
October 22 -
Bankers are devoting more attention than ever to regulatory compliance and cost-cutting, but they need to be careful not to let service suffer in the process, a panel of CEOs said Tuesday.
October 22 -
Analysts hammered Regions and Synovus for a rising cost base amid weak economic conditions, while Signature Bank in New York was given a pass since its revenues are growing faster than its expenses.
October 22 - Colorado
National Bank Holdings (NBHC) in Greenwood Village, Colo., has formed a division to specialize in government and nonprofit clients.
October 22 -
Severn Bancorp (SVBI) in Annapolis, Md., swung to large quarterly loss as it worked to restructure its balance sheet by selling off bad loans.
October 22 - Missouri
Great Southern Bancorp (GSBC) in Springfield, Mo., beat analysts' estimates in the third quarter by reducing expenses and improving credit quality.
October 22 -
FirstMerit Corp. (FMER) in Akron, Ohio, earned $40.7 million in the third quarter, up 16% from the same period a year ago, due largely to its recent acquisition of Citizens Republic Bancorp in Flint, Mich.
October 22 - Wisconsin
Foundations Bank in Pewaukee, Wis., has made it official with interim leader John Hazod.
October 22 -
The two cities join New York, L.A. and other cities in trying to force the banks that hold municipal deposits to make more loans in low-income neighborhoods. Some industry officials oppose them, while others welcome them.
October 22 - California
Los Angeles-based Wilshire Bancorp (WIBC) said this week that it had a third-quarter profit of $11.3 million, largely due to steadily improving credit quality and net gains on loan sales.
October 22 -
Improved credit quality and steady loan yields helped Hanmi Financial Corp. (HAFC) post solid earnings in the third quarter.
October 22 - Florida
Loan growth helped power BankUnited (BKU) in Miami Lakes, Fla., to a 9% rise in quarterly earnings.
October 22 - Georgia
Synovus Financial (SNV) reported a big increase in quarterly income, but missed estimates as interest income and mortgage banking revenue fell.
October 22 -
Northrim BanCorp (NRIM) in Anchorage, Alaska, has agreed to buy Alaska Pacific Bancshares (AKPB) in Juneau.
October 22 -
Heritage Oaks Bancorp (HEOP) in Paso Robles, Calif., has agreed to buy Mission Community Bancorp (MISN) in San Luis Obispo, Calif.
October 22 -
Third-quarter earnings at Zions (ZION) more than tripled from a year earlier after the company bought back a series of preferred stock.
October 21 -
Pacific National Bank in Miami has found a buyer.
October 21 -
The cost to originate a home loan is skyrocketing as lenders try to comply with stricter rules to catch problem loans. Technology would better automate the loan process, but can small lenders justify the investment?
October 21 - Pennsylvania
Northwest Bancshares (NWBI) in Warren, Pa., reported a 12% rise in quarterly earnings as its asset quality improved and its costs fell.
October 21




