Community banking
Community banking
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Simplicity Bancorp's experience with mortgage servicing could give banks a reason to reconsider plans to ditch the business despite concerns about new regulations.
September 17 - Kentucky
The American Bankers Association has formed a group to lobby on behalf of rural lenders.
September 17 - Oklahoma
Southwest Bancorp in Stillwater, Okla., has redeemed a series of trust-preferred securities.
September 17 - Arizona
Community Valley Bank in El Centro, Calif., has hired a new chief executive.
September 17 - California
NCAL Bancorp in Los Angeles has agreed to a recapitalization that would give it new ownership.
September 17 -
The third quarter is nearly over, and the news from the trenches is bad. Loan demand is weak. Mortgage volatility caught many bankers off guard. And the only way to make a buck is to buy or sell assets, executives said at the recent Barclays Global Financial Services Conference in New York, the American Mortgage Conference in Raleigh, N.C., and elsewhere.
September 17 -
Cortland Bancorp in Ohio is exiting the wholesale-mortgage business.
September 17 - Maryland
Old Line Bancshares in Bowie, Md., has raised $12 million through a private placement.
September 17 - Alabama
Larry Uhlick will retire as chairman of the Birmingham, Ala., company's bank on Sept. 30. BBVA Compass also said in a press release Monday that Manolo Sanchez, the bank's president and chief executive, will succeed Uhlick.
September 16 - Ohio
SB Financial (SBFG) in Defiance, Ohio, has filed a shelf registration that would allow it to raise up to $30 million over the next three years.
September 16 -
The acquisition-minded Heritage Financial and Washington Banking are said to be seeking targets to nearly double their size, motivated in part by the recent Umpqua-Sterling deal.
September 16 -
Activist investor Lawrence Seidman is pressuring OBA Financial Services to find a buyer, saying its poor asset growth, lagging efficiency and "abysmal" returns on average assets and average equity make it necessary.
September 16 - North Carolina
J. Michael Cline will retire from his position as president and CEO role at the end of 2013, the $265 million-asset company announced Monday.
September 16 - Ohio
First Citizens Banc Corp (FCZA) in Sandusky, Ohio, plans to raise up to $25 million to redeem shares it originally issued as part of the Troubled Asset Relief Program.
September 16 -
The Federal Deposit Insurance Corp. has filed more lawsuits against the directors and officers of failed financial institutions in 2013 than in any year since the recession, according to a Cornerstone Research report released Monday.
September 16 -
The financial lure of credit cards has become increasingly hard to resist for regional banks that exited the business several years ago.
September 16 -
King Bancshares in in Kingman, Kan., has merged its consumer finance unit, Western Credit, into its Citizens Bank of Kansas.
September 16 -
Banc of California (BANC) in Irvine has acquired the investment advisory firm Palisades.
September 16 - Massachusetts
Hampden Bancorp sent a letter to shareholders urging them to reject as board members two candidates proposed by Clover Group, a Dallas hedge fund that controls about 6.8% of Hampden's voting rights.
September 16 - North Carolina
NewDominion Bank in Charlotte, N.C., has promised to decide on applications for certain commercial loans within three days, or pay $3,000 toward closing, in hopes of speeding its own recovery.
September 16





