Community banking
Community banking
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The Boca Raton, Fla. company announced Friday it has agreed to by Enterprise Bancorp in North Palm Beach, Fla.
March 22 - Missouri
The Federal Deposit Insurance Corp. has terminated enforcement actions against two banks: First Bancshares of Mountain Grove, Mo., and CIB Marine Bancshares of Waukesha, Wis.
March 22 -
First Bancshares (FBMS) in Hattiesburg, Miss., has raised $20 million to finance its purchase of a bankrupt Gulf Coast lender.
March 22 -
CorTrust Bank in Mitchell, S.D., has acquired a one-branch bank in Blaine, Minn.
March 22 -
Volatile industries such as energy and agriculture are fueling strong results in states such as North Dakota and Iowa.
March 22 -
Liberty Bell Bank (LBBB) in Marlton, N.J., said it received a capital infusion from several directors in December, ending a year in which the bank lost $3.4 million.
March 22 -
Yasmin Zarabi discusses steps financial institutions can take to prepare for social media compliance with impending regulation from the Federal Financial Institutions Examination Council.
March 22 -
NewBridge Bank (NBBC) in Greensboro, N.C., has created two executive positions, naming David Barksdale its chief strategy officer and Spence Broadhurst its chief sales officer.
March 22 -
The Federal Reserve Board has released Citizens Community Bancorp (CZWI) in Eau Claire, Wis., from an enforcement action.
March 22 -
Provident Financial Holdings (PROV) in Riverside, Calif., plans to repurchase up to 5% of its outstanding stock.
March 22 -
The Federal Reserve Board has terminated enforcement actions against three banks: Bank of Bartlett, Bank of Little Rock, and Pembina County Bankshares.
March 22 -
Commercial lenders Ryan White, Bob Johnson and Bryant LeCroy joined CapitalMark in Tennessee because the smaller bank promised them more control of their loan book and better incentives, they say.
March 22 -
Big banks reversed a buildup in long-dated bonds over the last two quarters, a reassuring development amid worries that they might “reach for yield.”
March 22 -
Texas Capital Bancshares (TCBI) in Dallas is planning to raise $150 million by selling preferred stock.
March 21 -
Investor Umberto Fedeli began pushing for changes at PVF Capital as early as 2007. After joining the board, helping the company turn itself around and eventually sell itself, he reflects on what it took to survive.
March 21 -
Making bank buyouts work has long been a risky business. As the sudden ouster of First Niagara (FNFG) CEO John Koelmel shows, it may have gotten riskier still. Behind the perils are the complications of conducting due diligence, evaluating troubled assets, navigating regulations and pleasing dilution-averse shareholders.
March 21 -
More needs to be done to reduce the compliance burden so these banks can fully serve their communities.
March 21 -
Peyton Patterson. Cathy Nash. Al de Molina. These and other names surfaced as possible successors to John Koelmel, who was ousted this week as CEO of First Niagara in Buffalo, N.Y.
March 21 -
Examiners are noticing more competitive pricing and instances where banks are relaxing repayment and collateral requirements.
March 21 -
The Consumer Financial Protection Bureau is planning a crackdown on the interest rate markups that auto dealers add onto the cost of car loans. Although it's dealers who originate the loans, the CFPB lacks the authority to regulate them directly. Bankers fear that as a result the agency will turn its focus to holding them accountable for monitoring loans made by the dealers with whom they work.
March 21





