Community banking
Community banking
-
Alliance Bankshares (ABVA) has received almost all of the votes it needs to approve its sale to WashingtonFirst Bankshares.
December 14 -
Capital and liquidity challenges, subprime mortgages and bad financial performance hurt reputation over the last year. But many executives agree their companies' management of the financial crisis had the biggest negative impact on their public image.
December 14 -
Martin A. Steele will manage its commercial lending, cash management-treasury services and investment services, HomeStreet said Thursday.
December 14 -
First Bank has agreed to sell eight of its 19 branches in Florida to the $521 million-asset HomeBanc in Lake Mary, Fla., First Bank said Thursday. It will also close another three branches, two in Hillsborough County and one in Pasco County.
December 14 -
Mega-banks dominate the world of naming rights for sports stadiums (think Citi Field, home of the New York Mets). But community banks' names adorn stadiums, too.
December 14 -
Rather than invest heavily in one big risky project, banks should concentrate on many small innovations, beta test them and invest where customer feedback is positive.
December 14 - California
After a stock offering fell short of expectations, Sierra Vista Bank (SVBA) in Folsom, Calif., plans to raise about $1.7 million through a securities purchase agreement with Taylor International Fund.
December 13 -
A battle over Senate procedures and the FDIC's absence from the debate were viewed as contributing to blocking a bill to extend the TAG program.
December 13 -
Flush with capital from a recent stock sale, Northeast has launched an online bank, established a nationwide loan-purchasing unit and, most recently, opened a mortgage office in Massachusetts.
December 13 -
Synovus, a Georgia-based company, and CEO Kessel Stelling should be able to devote more resources to loan growth, industry observers say.
December 13 - North Dakota
A dispute in North Dakota over assessment fees for its state-owned bank could stymie efforts to open similar banks elsewhere.
December 13 -
TCF Financial (TCB) in Wayzata, Minn., plans to raise $100 million by selling preferred equity at $25 a share.
December 13 -
The Treasury said Thursday that it should gross about $23.8 million from auctioning stakes in seven participants in the Troubled Asset Relief Program. The expected proceeds would represent a 9% discount from the nearly $26 million that the government originally invested in those banks.
December 13 -
Banks are assuming greater risk on the strategic side, by entering unfamiliar product territory, and on the cost side, by devoting fewer resources for risk management.
December 13 -
Small-business owners are likely to pull back on purchases of computers, machinery and other long-term investments in 2013, according to a survey released Thursday by Wells Fargo (WFC) and Gallup.
December 13 -
Synovus Financial in Columbus, Ga., has sold roughly $530 million of problem assets and expects to take a pretax charge of $155 million tied to the move.
December 13 -
Citizens Bank of Edmond in Oklahoma and BBCN Bancorp in L.A. rewarded workers by letting them film "Gangnam Style" videos — and customers and YouTube watchers dug 'em.
December 13 -
Joe L. Albritton, the longtime chairman and chief executive at Riggs National Bank in Washington, died of heart failure Wednesday in a Houston hospital, according to the Washington Post. He was 87.
December 12 -
BB&T (BBT) has created a new south Texas region and named a longtime employee as its president.
December 12 -
The Washington Business Hall of Fame recently inducted Eagle Bancorp CEO Ron Paul, and the World Affairs Council of San Antonio will fete Cullen/Frost CEO Dick Evans as its citizen of the year for 2013.
December 12




