Community banking
Community banking
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In former FDIC Chairman Sheila Bair's insider account of the financial crisis and its aftermath, Bair provides a detailed look at regulatory battles and delivers a scathing portrayal of Treasury Secretary Tim Geithner. She also offers key recommendations for reform, including abolishing the OCC.
September 25 -
United Community Financial (UCFC) in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.
September 24 -
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Investors Bancorp (ISBC) will open seven branches in New Jersey as part of an ongoing effort by the Short Hills, N.J., company to emphasize commercial lending.
September 24 -
The Consumer Financial Protection Bureau issued its second enforcement action on Monday, hitting Discover with a $200 million fine. Observers said it was clear violations will carry a steep price tag.
September 24 -
Bank shares tend to rally in election years but often fall after all the ballots are cast, a KBW study going back to 1984 says.
September 24 -
Aspiring consolidators are weighing the benefits of hiring lending teams as opposed to making acquisitions.
September 24 -
Adequate communication, data retention, requests for approval and, ultimately, cooperation can minimize a company's risk of being investigated by the CFPB or state attorney general's office.
September 24 -
Opus Bank in Irvine, Calif., has completed its acquisition of ten branches from PacWest Bancorp. The companies said in separate press releases that the transaction closed on Friday. Opus rebranded the branches over the weekend.
September 24 -
Regulators released a calculator Monday that is designed to help community bankers project how much capital they will need to hold under Basel III.
September 24 -
Joseph Stilwell said in a regulatory filing that he could start pushing the thrift's management to put stashed away capital to work.
September 24 -
First PacTrust said Gregory Mitchell , who had been its CEO since November 2010, had resigned. The resignation comes roughly a month after the company said Mitchell would share the CEO title with Steven A. Sugarman.
September 21 -
PL Capital said in a regulatory filing Thursday that it has raised its stake in Magyar to 9.99% on Aug. 1, compared to a prior stake of 8.6%.
September 21 -
Members of Technology Credit Union rejected management's plan to convert to a mutual thrift. The vote has led to renewed criticism about the National Credit Union Administration's role in conversion votes.
September 21 -
The Federal Deposit Insurance Corp. is planning a series of workshops for investors who would like to buy assets from failed financial institutions.
September 21 -
Jay Sidhu, the head of Customers Bancorp in Pennsylvania, has received about as much money from private investors in recent months as it sought to raise in its canceled IPO.
September 21 -
BNCCorp (BNCC) has reached a settlement with its insurers more than two years after the Bismarck, N.D., company discovered that it had been defrauded by a mortgage servicer.
September 21 -
When FirstMerit agreed to buy Citizens Republic this month, it capped Cathleen Nash's efforts to rebound from recession in hard-hit Michigan.
September 21 -
If TAG is senselessly allowed to expire, many depositors may sever their relationships with the smaller banks in their communities and opt to place their money under the "protection" of the Too Big to Fail institutions.
September 21 -
CapStone Bank in Raleigh, N.C., has agreed to buy Patriot State Bank in Fuquay-Varina, N.C., for roughly $10.6 million.
September 21




