Community banking
Community banking
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August 10 - Wisconsin
Anchor BanCorp Wisconsin (ABCW) in Madison narrowed its quarterly loss as its credit trends continued to improve.
August 9 -
Stories about buyout groups dissolving and heavy-handed regulation make private equity sound like the dog that never barked in banking. But such firms have notched hundreds of deals since the crisis, and the rollup machines they've created are poised to keep going.
August 9 -
The Federal Reserve Board has terminated a written agreement with Coastal Financial that required the Everett, Wash., company to improve asset quality and risk management.
August 9 -
The agency used a cross-guaranty liability agreement to receive 85% of the proceeds from a Kansas Bank's sale to Arvest Bank in Arkansas. The deal is notable to companies with multiple banks, particularly those that are undercapitalized.
August 9 -
Capital Bank in Raleigh, N.C., reported a 14% rise in second-quarter earningsm while TIB Financial in Naples, Fla., said its second-quarter profit nearly doubled.
August 9 -
The Columbia, S.C., company is used to gaining branches and other assets in past deals. Buying Savannah Bancorp adds an investment advisory firm and mortgage capabilities at a time when banks are looking everywhere for ways to boost fees.
August 9 -
Southwest Bancorp (OKSB) in Stillwater, Okla., has repurchased all of the $70 million in preferred securities it sold to the Treasury Department under the Troubled Asset Relief Program.
August 9 -
About 40 banks and credit unions will offer free gas in 20 cities nationwide in a promotion organized by BancVue. The event is designed to draw attention to certain deposit products offered through BancVue's Kasasa brand.
August 9 -
State regulators approved the mergers of five more troubled credit unions yesterday, including two by Credit Union of Southern California, the $600 million Brea credit union's third merger of the past few months.
August 9 - North Carolina
First Citizens BancShares (FCNCA) in Raleigh, N.C., posted strong second-quarter results because of higher net interest income and a lower loan-loss provision.
August 9 -
Jeff Gerhart, the chairman and CEO of Nebraska's Bank of Newman Grove, is trying to help farmers with drought issues while also tackling concerns over Basel III rules and implementation for the Independent Community Bankers of America.
August 9 - Pennsylvania
Susquehanna Bancshares (SUSQ) in Lititz, Pa., plans to raise up to $150 million through a senior notes public offering.
August 9 -
Almost everyone has a bank. Fewer and fewer have a banker. Heres why that needs to change.
August 9 -
Morrill & Janes Bank and Trust in Merriam has agreed to buy United Bank of Kansas in Lenexa. United will be merged with Morrill and operate as a branch, Morrill said in a press release.
August 8 -
Itaú Unibanco Holding in São Paulo, Brazil, has denied that it is in negotiations to buy Citizens Financial Group, the U.S. arm of the Royal Bank of Scotland (RBS).
August 8 -
Vendors are jockeying to be the go-to firm for banks that wish to shed the piles of paper statements and bills still blocking the path to low-cost digital processing.
August 8 -
The case of Cross River Bank demonstrates how small banks swimming in excess liquidity are getting creative to add loans. The Teaneck, N.J., bank's CEO and senior lenders are walking visiting businesses offer small 0% loans.
August 8 -
Bowing to pressure from community bankers, regulators extended the comment period on a set of proposals that will lift banks' minimum capital requirement to 7%.
August 8 - Georgia
Robert Hill, SCBT's president and CEO, announces his second open-bank deal in nine months as it looks to consolidate in South Carolina and Georgia. SCBT has also bought three failed banks since January 2010.
August 8



