Community banking
Community banking
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First Horizon National (FHN) in Memphis said Monday that it will take a $272 million charge in the second quarter primarily for mortgage repurchases from Fannie Mae and Freddie Mac.
June 25 -
The insurance unit of BancorpSouth (BXS) has agreed to buy the assets of Securance Group, an insurance agency in Brewton, Ala.
June 25 - Ohio
Struggling First Place Financial (FPFC) in Warren, Ohio, has turned to longtime banking executive Louis Dunham to help lead its recovery.
June 25 -
The Libertarian think tank has turned to the veteran banking veteran to resolve a longstanding battle between its co-founders.
June 25 -
The Basel Committee on Banking Supervision is currently entertaining tougher capital rules for certain types of construction and commercial real estate loans. If the rules go through, they could ice small banks' plans for returning to profit growth.
June 25 -
The Treasury Department is auctioning off shares it owns in seven more community banks still left in the Troubled Asset Relief Program and at least five of the banks intend to bid on all or some of the shares themselves.
June 25 -
Capitol Bancorp in Lansing, Mich., is asking its debt holders to convert their interests to equity in what appears to be a last-ditch bid to avoid bankruptcy.
June 25 -
We'll know that the banking industry has returned to full health when we see a significant number of new charters. We're not there yet.
June 25 -
Armed with $150 million of fresh capital, Alliance Partners in Chevy Chase, Md., has announced that it is adding an equipment finance unit to go along with its existing corporate lending service.
June 25 -
Loan brokers using table funding captured 9.9% of the origination market in the first quarter, a slight gain from 4Q when the sector had a 9.7% share, according to new figures compiled by National Mortgage News and the Quarterly Data Report.
June 25 -
Supporters of the Consumer Financial Protection Bureau are dismissing a new lawsuit that seeks to abolish the agency as a political stunt, and even bank industry insiders who would like the case to succeed are privately calling it an uphill battle. But it may still have an impact on the CFPB's operations in a more indirect way.
June 22 - New Jersey
Kearny Financial (KRNY) of Fairfield, N.J., has decided to skip its next quarterly dividend payment despite a proposal from the Federal Reserve Board that would prohibit thrift holding companies from missing dividend payments.
June 22 - Florida
USAmeriBank of Largo, Fla., has purchased a building in Tampa, Fla., where it intends to open a new branch and staff it with 25 new hires.
June 22 -
SNL Financial's ranking of the 10 biggest bank and thrift deals since Jan. 1, 2010, reminds us that some acquisitions demand a lot of short-term pain to get them approved, and to integrate them for long-term gains.
June 22 -
Robert C. Grubic, the CEO of a civil engineering firm Herbert, Rowland and Grubic, has been named the chairman of Mid Penn Bancorp (MPB) of Millersburg, Pa.
June 22 -
A month after calling off a planned public offering, Customers Bancorp in Pennsylvania, led by former Sovereign CEO Jay Sidhu, will bring in $100 million in capital by acquiring Acacia Federal Savings.
June 22 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
June 22 -
Bank of Georgetown in Washington, D.C., has elected former mayor Anthony Williams to its board of directors.
June 22 -
Ixonia Bancshares in Milwaukee has raised $21 million in fresh capital, including $16.5 million from a wealthy family that also owns a stake in the Milwaukee Brewers baseball club.
June 21






