Community banking
Community banking
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PL Capital recently put Malvern Bancorp and Orrstown Financial on notice that it is watching management's moves, while First Financial Northwest continues to absorb litigation costs months after an investor contested the results of an annual meeting.
October 24 -
San Antonio's Cullen/Frost has benefited from a robust economy in Texas. Still, CEO Dick Evans said that his lenders had to increase their calling efforts after loan requests dropped off.
October 24 -
Earnings at Flagstar Bancorp in Troy, Mich., fell 7% from a quarter earlier as credit and litigation costs offset a large gain from loan sales.
October 24 -
If the program ends, most TAG deposits held by community banks will quickly migrate to the biggest banks as investors still expect the federal government to protect all deposits held by these financial behemoths.
October 24 -
New York Community Bancorp (NYB) in Westbury, N.Y., barely beat expectations for its third-quarter earnings and reported a lower net interest margin.
October 24 -
Earnings at the $7.5 billion-asset company in DeWitt, N.Y., fell 8.5%, to $18.3 million, from a year earlier, it reported Tuesday.
October 24 -
Pacific Continental (PCBK) in Eugene, Ore., has agreed to buy Century Bank for $13.4 million in cash.
October 24 -
Lower yields and higher expenses weighed on Hudson City Bancorp (HCBK) in Paramus, N.J., in the third quarter.
October 24 -
IberiaBank Corp. reported a hefty increase in earnings after lowering its loan-loss reserve and reporting loan growth.
October 24 -
Ameris Bancorp (ABCB) in Moultrie, Ga., reported a 93% drop in earnings and missed projections by 10 cents per share in the third quarter.
October 23 - Mississippi
Trustmark's company's earnings rose 2% from the second quarter and 9.5% from a year earlier, to $29.9 million. The Jackson, Miss., company said in a press release late Tuesday that higher revenue from insurance commissions and mortgages helped boost its bottom line.
October 23 -
Third-quarter income rose slightly for UMB Financial (UMBF) as the Kansas City, Mo., company reported higher average loan balances and noninterest expenses.
October 23 -
Borba, along with his brother John, Ron Kruse and others founded Chino Valley Bank in 1974 "with the vision of creating a community bank that could provide customized banking relationships to the many small businesses and business owners in the greater Chino area," the $6.3 billion-asset CVB said in a press release Tuesday.
October 23 -
The Federal Deposit Insurance Corp. has lifted a consent order against Metro Bank related to the bank's anti-money laundering and Bank Secrecy Act programs.
October 23 -
Gregory Mitchell, who left First PacTrust Bancorp last month, has joined First Tech Federal Credit Union as president and CEO. In a letter posted on First Tech's website, Mitchell admitted to having a credit union membership while running at least two banks.
October 23 -
Regulators are barring a Maryland bank holding company from paying shareholders and some creditors until it takes steps to boost capital.
October 23 -
American Heritage in California had been facing pressure from the OCC to diversity beyond SBA lending. Rather than reinvent itself, the bank found an eager buyer in Sterling Financial, a Spokane, Wash., company that wants to expand the SBA platform.
October 23 -
Straying far from home is often a mistake. F.N.B. can speak to that from a past foray into Florida. But the Pennsylvania bank says its more focused deal in Maryland will work.
October 23 -
Numerica Credit Union recently held what amounts to a happy hour at its branches, except instead of cocktails, people were given $5 checks and shown how to use phones to deposit those checks.
October 23 -
All banks are eager to boost wallet share, but a new survey shows that many are not doing such a good job of cross-selling one of the most basic products to their checking clients.
October 23



