Community banking
Community banking
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Normally community banks avoid loan participations with nearby rivals, but a group of Delaware banks decided they had to do so to compete with big banks and survive.
July 15 -
Barclays is in an awkward situation that will ring familiar to bankers in the U.S. The U.K. bank has been terminating relationships with money transmitters, including several that wire funds to Somalia, a ravaged country that relies heavily on remittances from immigrants in the West. The bank says it's uncomfortable with the risk and expense of serving these businesses in light of recent fines levied against big financial institutions for anti-money laundering lapses. But now it's being accused of starting a humanitarian crisis.
July 15 - California
First PacTrust in Los Angeles plans to become to Banc of California, effective July 16.
July 15 -
First Bank in Hamilton, N.J., has agreed to buy Heritage Community Bank in Randolph.
July 15 -
MB Financial has agreed to buy Taylor Capital Group. The deal would create one of the largest banking companies in Chicago.
July 15 -
Citigroup Inc., the third-biggest U.S. bank by assets, posted a 42 percent increase in second-quarter profit that beat analysts' estimates as stock-trading revenue surged and losses on unwanted assets declined.
July 15 -
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





