Community banking
Community banking
- 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 - Kentucky
A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the Louisville, Ky., company should have been aware of the risks it was taking.
June 21 - New York
When HSBC sold its branches in upstate New York, it created a big change with dozens of branches changing hands. Once the signs are changed, a number of community banks and regionals will have to work hard to keep business in those branches.
June 21 -
Fees paid to outside auditors appear to have been relatively stable in recent years. So have legal expenses for smaller institutions since mid-2010, when the 2,000-odd pages of the Dodd-Frank Act became law.
June 21 -
A Chinese businessman who founded a rice-trading company made up a story about his $60 million acquisition of a Delaware bank. He has since been arrested.
June 21 -
The Federal Reserve Board has entered into written agreements with two companies requiring them to serve as sources of strength for their banks.
June 21 -
North Carolina's Our State magazine is launching its own credit card with Greensboro-based NewBridge Bank.
June 21 -
What the investor fights at ECB and First California say about how hard it will be for struggling banks in prized markets to stay independent, and who is vulnerable.
June 21 -
We at the FDIC continue to believe the small-dollar loan model is replicable and that these loans can be cost-effective and responsive to the needs of both consumers and bankers.
June 21 -
Customers Bancorp, the Wyomissing, Pa., banking comany led by veteran banker Jay Sidhu, is giving up nearly 20% of its ownership to venture into the greater Washington, D.C., market.
June 21 - Tennessee
Pinnacle Financial Partners (PNFP) in Nashville has repaid the remaining $71.6 million of the $95 million it received from the Treasury Department's Troubled Asset Relief Program in December 2008.
June 21 -
The State National Bank of Big Spring in Texas is leading a lawsuit against the Consumer Financial Protection Bureau, becoming the first known community bank to file a lawsuit against the agency.
June 21 -
The risky practices at and implicit taxpayer guarantee for systemically dangerous megabanks are driving consumers to community-based banks.
June 21 -
Palmetto Bancshares in Greenville, S.C., is shedding more than $40 million of problem loans as part of its ongoing effort to clean up its balance sheet and return to profitability.
June 21






