Community banking
Community banking
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The Renton, Wash., company has spent more than $600,000 to fight an big outside investor, highlighting the cost of duking it out with irate shareholders.
July 23 - Washington
Strong gains in fee income combined with improved asset quality powered West Coast Bancorp in Lake Oswego, Wash., to a $6 million profit in the second quarter, up 30% from the same period in 2010.
July 23 -
ALEXANDRIA, Va. – Pentagon FCU announced this morning its Prudential PenFed Realty CUSO has acquired Prudential Professional Realty in Clarksville, Tenn., an independent franchise outside the Fort Campbell, Kentucky, military base, which has been rebranded as Prudential PenFed Realty.
July 23 -
Howard Bancorp in Ellicott City, Md., has raised $10.2 million through a public offering and private placement of common stock.
July 23 - Hawaii
Lower noninterest expenses and a declining provision for credit losses led Bank of Hawaii (BOH) in Honolulu to second-quarter net income of $40.7 million, up almost 16% from a year earlier.
July 23 -
Bank sellers and buyers are seeing a steady pickup in business, including separate deals last week by Emigrant and WesBanco.
July 23 -
Metro Bancorp (METR) in Harrisburg, Pa., reported its most profitable quarter in nearly four years in the three months that ended June 30 as the company saw a modest increase in loans and revenues and continued to reduce its overhead.
July 23 -
Higher earnings at People's United Financial could not prevent analysts from heavily questioning management on the company's lower net interest margin during a conference call.
July 23 -
Two banks owned by Mercantile Bancorp in Quincy, Ill., were among five failures on Friday, one of the busiest nights for closures in recent weeks.
July 20 -
The Indiana bank states that it has made major strides since deficiencies were identified more than a year ago.
July 20 - Washington
Anchor Bancorp (ANCB) in Lacey, Wash., will increase its fiscal-year fourth-quarter loan-loss provision by $1.1 million, leading to an expected loss for the period.
July 20 -
Umpqua executives were scratching their heads Friday over the sudden drop in the company's stock price following what appeared to be a strong earnings report this week. TCF, PacWest and Associated also saw slides.
July 20 -
Trade association chief says group polled members and decided allowing the coverage to continue would reduce uncertainty. But group's position still differs from ICBA's proposed five-year extension.
July 20 - Florida
The rapidly expanding First Republic Bank (FRC) will open a branch in the wealthy south Florida enclave of Palm Beach, its first office in the Sunshine State.
July 20 -
The California company received the FDIC's blessing to sell 11 loans covered by loss-sharing arrangements. Industry observers believe more sales could take place now that this deal has been cleared to take place.
July 20 -
Associated Banc-Corp (ASBC) in Green Bay, Wis., reported its highest quarterly profit since early 2008 as commercial and business lending surged.
July 20 - Pennsylvania
The $70.8 million deal would add 13 branches and $550 million of deposits in the growing Pittsburgh market.
July 20 -
The deal with Apple Bank provides Emigrant with much-needed capital, though the private bank's lofty price expectations may have warded off other potential bidders, sources says.
July 20 - Virginia
Virginia Commerce Bancorp (VCBI) is delaying its planned exit from the Troubled Asset Relief Program following discussions with the Federal Reserve Bank of Richmond regarding its repayment plan.
July 20 -
Business borrowers are worried about the economy, and that could slow the momentum in lending the rest of the year, the heads of BB&T, Fifth Third and Huntington warn. However, banks can survive by stealing market share, focusing on stronger markets and managing risk, executives say.
July 20



