Community banking
Community banking
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The Federal Reserve Board has issued an enforcement orders against First Security Bank of Malta in Montana that gives the bank 30 days to become adequately capitalized or sell itself to another institution.
June 20 -
John Kanas, BankUnited's CEO, said settling with his former employer was a better option than enduring a lengthy legal battle and possible trial.
June 19 -
Capital One Financial (COF) has settled a longstanding legal dispute with former executive John Kanas.
June 19 -
Deals in Texas were pricey and plentiful in the first five months of the year, new data show. The state set the pace for rapid bank consolidation once before, and it could do so again.
June 19 -
The Treasury Department plans to auction pools of securities in nearly two-thirds of the banks left in the Troubled Asset Relief Program, its most aggressive move yet to get small banks out of the program.
June 19 -
For community bankers, it was always a romantic notion, the idea that they could give mortgage lending short shrift and beat the big guys on commercial loans. Mortgage lending is looking pretty good to these bankers now.
June 19 - Montana
First Security Bank of Bozeman, Mont., has named a longtime employee as its new president and chief executive.
June 19 - Wisconsin
Premier Community Bank in Marion, Wis., announced Tuesday that it is expanding into central Wisconsin with a deal to buy four branches from Baylake Bank (BYLK) of Sturgeon Bay, Wis.
June 19 -
BB&T, Webster and TCF announce redemption plans and other regionals are likely to follow in advance of new capital rules that take effect Jan. 1.
June 19 -
In a positive sign for bank stocks, Russell Investment Group has added 25 banks to its index of 3,000 publicly traded companies while removing just three banks from its influential list.
June 19 - Florida
Jacksonville Bancorp (JAXB) in Florida announced Monday that its president and chief executive, Price W. Schwenck, has retired and that its board has named veteran banker Stephen C. Green as his successor.
June 19 -
JPMorgan had over $200 billion in TAG deposits in the last quarter. That's almost 20% of the bank's deposits and equal to 60% of the now-infamous chief investment office's portfolio.
June 19 -
Relief from fair value accounting is essential for community banks to survive and ultimately thrive in todays economic climate. Fortunately, legislation before Congress would untether regulatory accounting practices from GAAP.
June 19 -
There are fewer opportunities for upward mobility, and it's likely that the bank you go to work for will soon be merged out of existence. Is this the kind of environment that attracts the best and brightest?
June 19 - Kansas
Legacy Bank in Colwich, Kan., has reached its first deal in its 126-year history with an agreement to buy Alliant Bank in Sedgwick, Kan.
June 19 -
BancAlliance , a Chevy Chase, Md., asset management firm that helps small banks team up on large commercial loans, has raised $150 million in new capital that it will use to expand its lending network.
June 19 -
- Michigan
Fentura Financial (FETM) in Fenton, Mich., has gotten approval for the appointments of two key executives.
June 18 -
MidSouth Bancorp (MSL) in Lafayette, La., announced Monday that it is buying two branches in Baton Rouge from rival Hancock Holding (HBHC).
June 18 -
Bank of Virginia (BOVA) in Midlothian is seeking more capital to fuel bank acquisitions following a prolonged restructuring.
June 18




