Community banking
Community banking
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Banks and credit unions are normally clash with each other, but pumping free gasoline for consumers while bashing big banks was a public-relations opportunity both sides found hard to resist.
September 5 -
Paul Aguggia is resigning from a large law firm to take the helm at Clifton Savings Bancorp in New Jersey, joining the company in advance of an anticipated second-step conversion.
September 5 -
Old National Bancorp (ONB) in Evansville, Ind., has agreed to sell two branches in Indiana: one to MainSource Financial, and one to River Valley Bancorp.
September 5 -
Many banks have programs to help children open their first bank accounts (and keep their parents coming back). Following are six banks whose marketing departments have gotten particularly creative in designing their childrens savings programs.
September 5 -
The Federal Deposit Insurance Corp. has terminated a consent order for Idaho First Bank in McCall.
September 5 - California
Avidbank in Palo Alto, Calif., said that Kenneth Brenner will step down as president to become head of strategic relationships. Ronald Oliveria, Abidbank's chief credit officer, will succeed Brenner. The bank also made Dori Hamilton its chief banking officer.
September 5 - Missouri
UMB Financial in Kansas City, Mo., disclosed in a regulatory filing Thursday that a client is expected to move about $1.1 billion in deposits to an unnamed depository institution in the next 120 days.
September 5 -
Stonegate Bank (SGBK) in Fort Lauderdale, Fla., has agreed to buy Florida Shores Bancorp in Pompano Beach.
September 5 -
Simmons First (SFNC) in Pine Bluff, Ark., has submitted a bid in bankruptcy court in an effort to buy Metropolitan National Bank in Little Rock, Ark.
September 5 - Texas
SP Bancorp in Plano, Texas, has applied for a state bank charter. The $300 million-asset company's SharePlus Bank is currently chartered as a federal thrift.
September 5 -
The $1.1 billion-asset company said in a press release Wednesday that its bank had been released from a memorandum of understanding with the Federal Reserve Board.
September 4 - New Jersey
Clifton Savings Bancorp said Paul Aguggia, 50, will take over as the $1 billion-asset company's chairman, CEO and president on Jan. 1.
September 4 -
The recent leadership shuffle at Banesco USA may have resulted from problems in its compliance with the Bank Secrecy Act, according to a report in the South Florida Business Journal.
September 4 - Indiana
Michael Kubacki plans to give up the CEO role at the $3 billion-asset company and its bank after its annual meeting in April 2014.
September 4 -
Four people in Wichita, Kan., have pleaded guilty to participating in a mortgage fraud that cost lenders more than $221,000.
September 4 -
Banks in general are paying departing executives less money. But some, including Sterling Bancorp in New York, are still approving multimillion-dollar parachutes.
September 4 -
Machias also agreed to acquire the assets at the six banks, including loans and real estate, and about $75 million of deposits, the companies said when they announced the sale in July.
September 4 -
The $2.6 billion-asset Community & Southern has agreed to pay $11.80 per common share of Verity, the companies announced Wednesday.
September 4 -
OmniAmerican Bancorp, the Texas lender whose stock has more than doubled since going public in 2010, is exploring a sale, two people with knowledge of the matter said.
September 4 -
Customers tend to "hire smilers." When otherwise comparable alternatives exist, people gravitate toward businesses that make them feel welcomed and appreciated.
September 4




