Community banking
Community banking
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The only beneficiary of this well-intended but misguided regulation appears to be a small group of lawyers bringing costly lawsuits.
July 12 -
Solera National Bank is looking to double its loan portfolio in the next year now that it is no longer operating under a consent order from the OCC.
July 12 -
Washington Federal (WAFD) in Seattle reported that its quarterly earnings totaled $35.2 million, up almost 17% from a year earlier despite a drop in net interest income.
July 12 -
When smaller financial institutions, such as credit unions, are inundated with regulations from multiple agencies simultaneously, their ability to meet the needs of members is hampered and services are curtailed.
July 12 -
Banks are allowed to pass on costs related to FDIC premiums, but the agency is warning the industry that expressly designating an 'FDIC fee' has consequences.
July 12 -
The former chief executive officer of Virginia's Bank of the Commonwealth was among six people indicted for an alleged fraud conspiracy involving a coverup of the bank's financial condition from 2008 to 2011.
July 12 -
Financial firms are raising less capital as domestic and international concerns abound.
July 12 -
A fraud case that contributed to the recent failure of Montgomery Bank in Georgia could lead to more regulatory scrutiny when community banks look for outside investors.
July 12 -
Commerce Bancshares in Kansas City, Mo., reported second-quarter income of $74.3 million, up more than 7% from a year earlier, as credit quality continued to improve.
July 12 -
Georgetown Bancorp in Massachusetts has raised $11 million and completed its conversion to a stock-owned firm from a mutual holding company.
July 12 -
A new museum exhibit chronicles the history of New York's banking scene.
July 11 -
Vintage Bancorp, in Leon, Kan., on Wednesday canceled its deal for CornerBank, in Winfield, Kan.
July 11 -
The pace of bank mergers slowed in the second quarter, but deal announcements still rose about 15% in the first half from a year earlier, according to SNL Financial.
July 11 -
An unsolicited offer by PacWest added jet fuel to the shares of First California, strengthening its hand in a takeover deal of its own and bolstering management's effort to stay independent.
July 11 -
Dozens of small banks have substantially increased commercial and industrial lending over the past few years. Supervisors are worried that some may be chasing unfamiliar business down a blind alley.
July 11 -
The nation's largest credit union is pushing loan participations, which could help credit unions make more loans despite existing regulatory caps.
July 11 - Texas
International Bancshares (IBOC) in Laredo, Texas, has repurchased $40 million of preferred stock that it issued to the Treasury Department under the Troubled Asset Relief Program.
July 11 -
ProAmérica Bank (PMRA) in Los Angeles has named a 25-year banking veteran as its president and chief executive after a yearlong search.
July 11 - Colorado
FirstBank Holding in Lakewood, Colo., will close a dozen branches inside Colorado grocery stores.
July 11 - California
First California Financial Group (FCAL) has reduced by 38% the number of shares it would pay to acquire Premier Service Bank in Riverside, Calif.
July 11





