Community banking
Community banking
- Colorado
CoBiz Financial in Denver has named new leadership at its banking franchise. Jonathan Lorenz has been named chairman of the board and Scott Page will replace Lorenz as chief executive at Colorado Business Bank and Arizona Business Bank.
September 10 -
Loan growth has become stagnant, if not declined, said most regional bank executives speaking at an industry conference this week. Many blamed continued caution by corporate borrowers.
September 10 - Michigan
The underwriters of Independent Bank Corp.'s (ICBP) recent offering plan to buy an additional $13.4 million worth of the company's stock.
September 10 - Pennsylvania
F.N.B. Corp. in Hermitage, Pa., is setting up a regional headquarters in downtown Baltimore.
September 10 -
FirstMerit, M&T Bank and New York Community Bancorp are buyers in different stages of the acquisition process, and their executives together provided an insightful look into the full M&A experience this week.
September 10 -
The rate at which banks approved small-business loans rose in August, as large banks approved the highest percentage of loan applications since the financial crisis began.
September 10 -
The U.S. unit of Chinatrust Commercial Bank is changing its name to CTBC and offering more services to attract a broader range of customers. But it faces the same challenges other community banks are encountering as they try to expand beyond their traditional boundaries.
September 10 -
Jayme Fields, the chief financial officer of 1st Capital Bank (FISB) in Monterey, Calif., has resigned.
September 10 -
Remittances from the West are a lifeline for many people in the developing world, but anti-money laundering compliance requirements have made it hard for banks and money transmitters to service this market. Ellen Zimiles of Navigant Consulting discusses the delicate balance between regulatory and law enforcement concerns, on the one hand, and business and humanitarian goals on the other.
September 10 -
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
September 10 -
Old National Bancorp in Evansville, Ind., has agreed to buy Tower Financial in Fort Wayne.
September 10 -
Simmons First National (SFNC) in Pine Bluff, Ark., had the winning bid to buy Metropolitan National Bank during a bankruptcy auction.
September 9 -
Cardinal Financial Corp. (CFNL) has agreed to buy United Financial Banking (UFBC) for nearly $52 million. The two companies are in the northern Virginia suburbs of Washington.
September 9 - Missouri
UMB Financial (UMBF) in Kansas City, Mo., is planning a stock sale that could bring in as much as $257 million.
September 9 - Texas
Dallas hedge fund Clover Partners is causing Texas-size headaches for two small Massachusetts thrifts, Hampden Bancorp and Chicopee Bancorp.
September 9 -
A breakdown of M&A announcements in the financial services industry for the week ended Sept. 7.
September 9 -
Capital Bank Financial in Coral Gables, Fla., has gone more than a year since its last acquisition a common problem for M&A-minded banks these days. Its leaders urged shareholders to be patient in a sales pitch that other execs in the same bind could learn from.
September 9 -
Umpqua Holdings, Oregon's biggest bank, is in advanced talks to buy Sterling Financial, the lender backed by Warburg Pincus and Thomas H. Lee Partners, said people with knowledge of the discussions.
September 9 -
The Federal Reserve Bank of Atlanta has approved two Atlantic Coast Financial (ACFC) board nominees proposed by dissident investor Jay Sidhu.
September 9





