Community banking
Community banking
-
The Federal Reserve Board has posted a video reminding borrowers that they may be eligible for compensation if they were harmed by the foreclosure process in 2009 or 2010.
May 23 - Maryland
Howard Bancorp in Ellicott City, Md., is looking to raise up to $12.8 million through a combined stock sale and private placement and it intends to use at least some of the proceeds to pursue acquisitions.
May 23 -
The Federal Reserve has ordered Britton & Koontz Capital to obtain the regulator’s approval before making a number of strategic moves.
May 23 -
First Bancorp (FBNC) in Troy, N.C., surprised investors by announcing that it would replace its president and CEO, Jerry Ocheltree, with Richard Moore, a former chairman of the North Carolina State Banking Commission. Ocheltree will remain president of the company's bank.
May 23 -
The Virginia company had been fighting efforts by Schaller Equity Partners to win up to five seats on the board.
May 23 -
Investors are now willing to put money into community lenders with credible business plans, sufficient scale, and executives who show "courage" and "fortitude," says Greg Mitchell, CEO of First PacTrust.
May 22 - Pennsylvania
QNB Bank in Quakertown, Pa., announced Tuesday that its longtime chief executive is retiring at the end of this year and that its board has elected the bank’s president to succeed him.
May 22 -
The Virginia company will have a retooled ownership, a new director and more capital after a private placement and rights offering. While Hampton Roads' private equity investors will own 90% of the company following those moves, early indications are that those companies are content with management's progress purging bad loans and cutting costs.
May 22 -
Northeast Community Bancorp (NECB) in White Plains, N.Y., is opening a fourth branch in Massachusetts as part of its continued expansion in the suburbs surrounding Boston.
May 22 -
The Federal Reserve has lifted a written agreement with Guaranty Bancorp and its bank, which could free the Denver company to retire some of its more costly debt.
May 22 -
Many bank buyers will stay on the sidelines until Dodd-Frank rules are written and the Consumer Financial Protection Bureau's agenda is clearer, industry experts say.
May 22 - Oregon
Umpqua Holdings (UMPQ) in Portland, Ore., continues to ramp up in commercial real estate lending at a time when many other banks are shying away from the sector.
May 22 -
Robin Zager has spent more than a decade on a bank board in New Jersey. Earlier this week, she discussed why there is a lack of female directors and how she handles being a part of a male-dominated board.
May 22 -
Three prominent private-equity groups that already own significant stakes in Hampton Roads Bankshares (HMPR) have agreed to pump another $50 million into the Norfolk, Va., company.
May 22 -
The federal agencies treat PE players as "slippery" characters, impose "draconian" limits on them and make the troubled European economy more appealing for bank deals, investor Ross says.
May 22 -
-
Daryl Byrd, the CEO of Iberiabank (IBKC) says a wave of bank mergers is inevitable and will be larger than expected. Rusty Cloutier, his counterpart at MidSouth Bancorp (MSL), says a lack of able buyers is miring consolidation.
May 21 -
In a legal filing, the OCC made its argument that regulators acted appropriately when they closed the Denver thrift in early 2010.
May 21 -
Small-business owners are struggling to grow and hire — and they're blaming difficulties in securing financing, according to a Pepperdine University business school survey.
May 21 - WIB PH
The number of women serving as bank directors has hardly changed in the past decade and this year's annual meetings are doing little to move the needle.
May 21




