Community banking
Community banking
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Signature Bank (SBNY) in New York has added to its presence on Long Island by hiring a team of private-client bankers.
October 22 -
The Small Business Administration said Monday that agency-guaranteed loans to exporters rose about 1%, to $923 million, for the 12 months that ended Sept. 30. The loans supported $1.7 billion in small-business exports, according to the agency.
October 22 -
There needs to be stronger incentive for bankers to behave, far-reaching cultural changes spurred by directors and a unilateral commitment to stamp out money-laundering schemes.
October 22 -
Two proxy advisory services have recommended against a proposal for Hampden Bancorp in Springfield, Mass., to explore a possible sale.
October 22 -
Sterling Financial in Spokane, Wash., is buying American Heritage Holdings, the holding company of Borrego Springs Bank in La Mesa, Calif., for $6.5 million in cash.
October 22 -
Higher noninterest expenses and lower net interest income drove down Bank of Hawaii's quarterly earnings.
October 22 -
Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.
October 19 - Washington
First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.
October 19 -
First Niagara, a Buffalo, N.Y., company, has grown significantly through recent acquisitions but now it wants to cut expenses. Management plans to then reinvest those funds in fee-generating businesses.
October 19 -
Federal regulators are reviewing banks' growth plans, particularly those that include third-party companies. To avoid excessive scrutiny, industry experts advise banks to proactively discuss such relationships with examiners.
October 19 -
Regulators have announced the winning bidder for assets of failed Tennessee Commerce Bank.
October 19 - Mississippi
Borrowing by homeowners and improving credit quality boosted third-quarter profits at BancorpSouth (BXS) of Tupelo, Miss. The $13.2 billion-asset company said late Thursday that its earnings doubled, to $23.8 million, compared with a year earlier.
October 19 -
The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.
October 19 -
The National Credit Union Administration has selected a former examiner to serve as the agency's next executive director, Chairman Debbie Matz announced Thursday.
October 19 -
First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.
October 19 -
Beneficial Mutual Bancorp (BNCL) in Philadelphia will separate the position of chairman from those of president and chief executive.
October 19 -
TCF Financial (TCB) in Wayzata, Minn., has delayed the release of its third-quarter results to give itself more time to review how it will implement regulatory guidance on consumer loans subject to bankruptcy discharge.
October 19 -
Independent Bank in Rockland, Mass., reported lower quarterly earnings after a series of "noncore" items largely dinged its bottom line.
October 19 -
A rein on expenses and a pickup in lending and fees propelled People's United Financial in the third quarter.
October 19 -
The acquisition of Rochdale Investment Management helped raise City National Corp.'s third-quarter income 44% from a year earlier to $59.8 million.
October 19


