Community banking
Community banking
- Georgia
Several institutions in one of the nation's hardest-hit banking markets have shed enforcement actions, or have hired new leaders, as they attempt to stage comebacks.
September 27 -
A Treasury Department program that supplies credit to small businesses spurred $1.9 billion in loans and created or saved 53,000 jobs in its first 18 months of operation, the department says.
September 27 -
The Federal Housing Administration is asking for a $1.7 billion draw from the U.S. Treasury for the end of the fiscal year, up from an earlier estimate in President Obama's April budget.
September 27 -
Expand by acquisition or through organic market penetration. The most successful banks will include both strategies in their future plans.
September 27 -
Investors Bancorp (ISBC) in Short Hills, N.J., and Roma Financial (ROMA) in Robbinsville, N.J., have extended the deadline for their merger while they wait for regulatory approval.
September 27 - Virginia
Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., didn't have to look far to find its permanent chief financial officer.
September 26 -
One PacificCoast Bancorp (OPCB) in Oakland, Calif., has received regulatory approval to acquire a controlling stake in Albina Community Bancorp (ACBC) in Portland, Ore.
September 26 - Alabama
The Federal Reserve Board has ordered SunSouth Bancshares of Dothan, Ala., to strengthen its board.
September 26 -
A host of regulatory issues, including new mortgage rules set to take effect in January, assures that Andy Harmening has a busy year ahead of him as the new chairman of the Consumer Bankers Association.
September 26 -
A bogus Florida bank is swindling consumers across the country with a fraudulent credit card scheme, according to the Office of the Comptroller of the Currency.
September 26 -
Interest rates on credit cards are falling as Americans keep deleveraging and banks tighten consumer credit standards.
September 26 -
The Museum of American Finance on Wednesday opened its exhibit "The Fed at 100." It features artifacts and photographs that highlight the history, culture and social impact of the central bank, including this image of a New York Fed employee updating trading data on a giant chalkboard.
September 26 - South Dakota
Meta Financial Group (CASH) in Sioux Falls, S.D., has reshuffled its management with four new executive appointments, including the promotion of Brad Hanson to president.
September 26 - Illinois
First Clover Leaf Financial (FCLF) in Edwardsville, Ill., has hired David Kuhl as the president and chief executive for its bank.
September 26 -
Seacoast Banking Corp. of Florida (SBCF) in Stuart, Fla., has been released from all enforcement actions with the Office of the Comptroller of the Currency.
September 25 -
Home Federal Bancorp was looking for ways to grow its earning assets as the benefits of FDIC loss shares from two failed-bank deals faded. Lacking good prospects, it decided to sell itself to Banner Corp. More banks could find themselves in the same boat.
September 25 - Tennessee
First Security Group (FSGI) in Chattanooga, Tenn., has completed a $5 million rights offering. The offering followed the company's April recapitalization, in which it raised $91.1 million from institutional and other accredited investors.
September 25 -
Community banks in the South have gotten healthier this year as a whole, but many of them have seen a slowdown in lending, according to a quarterly analysis by the Office of the Comptroller of the Currency.
September 25 - Oregon
Pacific Continentalin Eugene, Ore., has named a new head for its operations around Seattle.
September 25 -
Customer complaints, compliance and risk management all continue to make it difficult for community banks to embrace sites such as Facebook and Twitter.
September 25





