Community banking
Community banking
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Camden National Bank in Maine has agreed to sell a branch in Rockland, Maine, that it is buying from Bank of America (BAC) because of competition concerns raised by the Justice Department.
July 2 -
The thirst for greater clarity about capital spending and valuations is prompting bank buyers and sellers to flock to cash.
July 2 -
QCR Holdings (QCRH) in Moline, Ill., has repaid about a fourth of its money it received from the Treasury Department's Small Business Lending Fund Program as part of its effort to increase its tangible common equity.
July 2 -
Sterling Financial (STSA) in Spokane, Wash., is selling all of its Montana branches as it aims to become more efficient and improve its overall profits. Eagle Bancorp is buying the branches for $7.3 million.
July 2 -
Seeking to diversify following its public offering in May, EverBank Financial (EVER) in Jacksonville, Fla., announced Monday that it is buying a commercial lending unit from GE Capital for $2.5 billion in cash.
July 2 -
Historically low interest rates and weak loan demand have masked the long-term profit potential of core deposits. When (not if) the cycle turns, community banks' earnings power will reappear.
July 2 -
In a slow stretch for issuance of bank shares, companies looking to raise capital for acquisitions have come to the fore in offerings that have performed relatively well.
July 1 -
The effective tax rate for banks has dropped to a range of roughly 30% to 32%, down from a range of roughly 32% to 33% in the years leading up to the recession. Recoveries of deferred tax assets might be the reason.
July 1 -
Even a mobile and web heavy financial institution can benefit from brick and mortar. USAA is using touchscreens and videoconferencing to provide advanced advice and help lightly staffed stores.
July 1 -
Upheaval in funding markets has radically reshaped the liability profile of foreign bank operations in the United States, but they have continued to increase lending despite an exodus of deposits that began in the middle of last year.
June 29 -
Tim Lathe is leaving KeyCorp (KEY) because his position within its community bank is being eliminated roughly 17 months after it was created.
June 29 -
Glacier Bancorp (GBCI) in Kalispell, Mont., has appointed former state banking commissioner Annie M. Goodwin to its board of directors.
June 29 -
Regulators revealed on Friday this year's list of communities where banks can receive credit under the Community Reinvestment Act for working in those areas.
June 29 - Minnesota
The board of Postal Credit Union in Woodbury, Minn., has approved an amendment to its field of membership bylaws that would allow anyone in the country who makes a $5 donation to the John D. Miller Scholarship fund to be eligible to join the $530 million-asset credit union.
June 29 -
Regulators have entered into a consent order with First Bank of Miami that requires the Coral Gables, Fla., company to maintain certain capital levels and ensure compliance with the Bank Secrecy Act.
June 29 -
The thirst for greater clarity on capital spending and valuations prompts dealmakers' flight to cash instead of stock in bank M&A.
June 29 -
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 29 -
A Virginia Beach investment group has pulled the plug on its plan to buy a struggling bank in the Washington, D.C., suburbs.
June 29 -
Alleged panaceas abound for the banking industry's ills. Unfortunately, many are likely to prove less effective than advertised, cause collateral damage, or both. Here's a look at some of the most popular silver-bullet proposals and their shortcomings.
June 29 - Virginia
Cardinal Bankshares Corp. in Floyd, Va., has settled a dispute with a former executive it claims was conspiring with an investor to force its sale.
June 29








