Community banking
Community banking
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M&A, bank consolidation and marketing strategies are among the reasons why a number of banks have changed their names in recent months. Here are some notable examples from this year.
July 15 -
FBC Bancshares in Conroe, Texas, has raised $13 million in a debt offering.
July 12 -
Republic Bancorp (RBCAA) of Louisville, Ky., hopes a deal for a small thrift owned by H&R Block will help it rebuild momentum it has lost in recent years.
July 12 -
Great Southern Bancorp in Springfield, Mo., is closing 11 branches in a bid to cut costs.
July 12 -
Profits rose at Webster Financial in Waterbury, Conn., on strong fee income and cost controls.
July 12 - Illinois
Taylor Capital Group (TAYC) in Chicago plans to retire one-quarter of its Troubled Asset Relief Program stock that the Treasury Department auctioned to private investors last June.
July 11 - Massachusetts
Independent Bank (INDB) in Rockland, Mass., reported a jump in second-quarter profit as interest revenue and fee income rose.
July 11 -
Republic Bancorp (RBCAA) is increasing its stake in the tax refund services business by buying the banking operations of H&R Block (HRB).
July 11 -
The Federal Reserve Board has terminated a regulatory order with Waterstone Financial in Wauwatosa, Wis.
July 11 -
Rocky Wirtz's championship NHL team, the Chicago Blackhawks, gets more press than his community banks, but they make more money.
July 11 - California
Opus Bank in Irvine, Calif., is establishing a merchant-banking division led by two banking veterans.
July 11 -
Ask Roberto Herencia, the new chairman of Metropolitan Bank Group, about its well-placed ATM near one of the Windy City's most popular bars, and he'll probably smile.
July 11 - Ohio
F.N.B. Corp. (FNB) in Hermitage, Pa., is establishing a regional headquarters in downtown Cleveland.
July 11 - South Carolina
The $857 million-asset company tapped Jerry Rexroad to succeed John Russ, a company spokeswoman said on Thursday. Rexroad has been chairman and CEO of affiliate Crescent Mortgage.
July 11 -
Technology is among the biggest expenses for small banks, so it is important for managers to read the fine print before finalizing a contract.
July 11 -
Commerce Bancshares in Kansas City, Mo., reported lower quarterly profit as interest income fell and credit costs spiked.
July 11 -
Chemung Financial in Elmira, N.Y., has agreed to buy six branches in upstate New York from Bank of America.
July 11 -
Ann Mehlum, the chief executive of Summit Bank of Eugene, Ore., will step down to lead the U.S. Small Business Administration's loan programs.
July 10 -
Big banks tightened credit for small businesses in June, a month after being their most generous in six years.
July 10 -
Crescent Financial Bancshares of Raleigh, N.C., is going to transfer its stock listing from the Nasdaq to the New York Stock Exchange. The company also announced it will change its name to VantageSouth Bancshares.
July 10



