Community banking
Community banking
-
Three years after a group of private equity firms bought BankUnited out of receivership, industry observers wonder if the deal really paved the way for other firms interested in consolidating banks.
May 30 - Massachusetts
Mutual banks and thrifts in Massachusetts have dodged a bullet — at least for now — on a proposed state law that would have subjected them to new standards on executive compensation.
May 30 - Georgia
The three states that have led the nation in bank failures over the last four years — Georgia, Florida and Illinois — remain home to the banks that are most in danger of failing down the road, according to new data compiled by Thomson Reuters.
May 30 - California
Wilshire State Bank in Los Angeles has been released from an enforcement order that required it to boost its capital ratios and reduce its level of problem loans.
May 30 -
-
Kip Weissman, partner with law firm Luse Gorman Pomerenk & Schick in Washington, says handful of shareholder spats around the country shows how more insurgent investors in small banks are "looking for a sale" to "make a nice return."
May 29 - North Dakota
State Bank & Trust in Fargo, N.D., is changing its name to avoid confusion with the dozens of banks in its markets that have similar names.
May 29 -
Gerald Host, Trustmark's CEO, expressed confidence in his company's purchase of BancTrust despite some analysts' concerns about the seller's weak deposit positions in key Alabama markets.
May 29 - Washington
First Financial Northwest in Renton, Wash., and Stilwell Partners are both claiming victory following last week's annual meeting. A representative for the activist shareholder has threatened a legal challenge if its nominee isn't added to the board.
May 29 - Maryland
The Center for Plain Language, a watchdog group, says the bank's merchant card payment-processing agreement was the worst thing written by any company, charity or government agency in the past year.
May 29 -
The House Financial Services Committee is set to vote on a bill that would benefit just one institutions: Emigrant Bank, whose CEO Howard Milstein has made contributions to many of the bill's co-sponsors. And people wonder why Americans are cynical about politicians.
May 29 -
Two directors have resigned, and the Floyd, Va., company's CEO is on administrative leave. Those departures come less than a week after a coalition of angry investors led by Douglas Schaller replaced half of the six-member board.
May 29 -
The Federal Reserve Board has given a Premier Bank in Denver 90 days to become adequately capitalized or sell itself.
May 29 -
Among the wave of community banks that have gone to market this month, 1st Enterprise Bank (FENB) was the rare bank below $1 billion of assets to sell shares at a premium to its equity.
May 29 -
Gibraltar Private Bank & Trust has dismissed its chief executive as the Coral Gables, Fla. company continues to deal with the fallout from its ties to a lawyer convicted of running a $1.2 billion Ponzi scheme.
May 29 -
Roughly two months after putting itself up for sale after its plan for raising fresh capital fell through, BancTrust Financial Group in Mobile, Ala., has found a buyer.
May 29 - Missouri
The Office of the Comptroller of the Currency has replaced an order between North American Savings Bank and the Office of Thrift Supervision with one of its own.
May 25 -
Some lawmakers are seething at the huge pay package handed out to a former CEO of Liberty Mutual Insurance. Their response has been to introduce new proposals on pay for mutual insurers, which could eventually apply to other financial institutions.
May 25 -
Lafayette, La., and Washington are over 1,000 miles apart, but Rusty Cloutier, the founder and chief executive of MidSouth Bancorp, keeps the nation's capital top of mind.
May 25 - Kansas
First Bancshares of Kansas City, Kan., agreed to sell a controlling stake to an investment group led by David Spehar, the former chief executive of another Kansas City community bank.
May 25







