Community banking
Community banking
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CEOs at smaller banks have mixed views about the shocking $2 billion trading loss at JPMorgan Chase. Some view it as justification for regulating small banks differently than bigger institutions, while others viewed the fallout as yet another assault on their industry.
May 15 -
Naugatuck Valley Financial in Connecticut swung to a loss in the quarter that ended March 31 following its discovery that it had been underpaying interest on certain customers’ certificate-of-deposit accounts.
May 15 -
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Institutional Shareholder Service backs the Renton, Wash., company's director nominees. Dissident shareholder Joseph Stilwell is trying to get his general counsel added to the board.
May 14 - Virginia
StellarOne (STEL) in Charlottesville, Va., is planning to eliminate about 4% of its workforce, or 34 full-time jobs, as part of an overall cost-cutting effort that it says would save the company up to $2.4 million a year.
May 14 -
Sometimes there are more ways to pay for a bank than in cash or stock. Just ask Citizens South, which extracted job protections and a charitable donation for its local community before agreeing to sell to Park Sterling.
May 14 -
A big trading loss at Chase has some community bank CEOs discussing a second tier of regulation for small banks. Other CEOs believe the snafu is yet another black eye for the banking industry. And some point out that the loss is fairly insignificant to the New York company.
May 14 -
Both sides of a bank deal need to meet with their regulators well ahead of announcing it in today's complicated world.
May 14 - California
The investment group Castine Capital Management has been sharply reducing its ownership stake in First California Financial Group (FCAL) even as it has been pressuring the company to sell itself.
May 14 -
Park Sterling Corporation in Charlotte, N.C., announced Monday that it is buying Citizens South Bank in Gastonia, N.C., in a deal that would instantly double its size.
May 14 -
Government deference to big banks is a source of disgust and outrage that could ultimately lead to real reform and help all banks, says the former Tarp special inspector general.
May 12 -
Congress, unlike the Treasury, was one Washington institution that took a serious interest in preventing taxpayers from getting defrauded, says the former Tarp special inspector general.
May 12 -
The "vice-like grip" giant banks have on both parties makes their forced breakup unlikely. But momentum is rising for a move toward Glass-Steagall, says the former Tarp special inspector general.
May 12 -
The size of the biggest banks has made them a greater systemic risk than ever that's been compounded by the "fantasy" that living wills provide safety, says the former Tarp special inspector general.
May 12 -
When pressed on the AIG bailouts, the administration when on the attack and tried to trivialize a serious area of public concern, says the former Tarp special inspector general.
May 12 -
The Home Affordable Modification Program was so poorly implemented that it accomplished on a fraction of its stated intent, says the former Tarp special inspector general.
May 12 -
Tim Geithner's Treasury Department half-truths, exaggeration and intentional deceptions misled the public about Tarp and the AIG bailout, says the program's former Special Inspector General.
May 12 -
Giant banks pose such a threat to the economy that lawmakers have gone to extreme-and futile-lengths to protect against their failures, says the former Trap Special Inspector General.
May 12 -
Dodd-Frank was tailored to tame giant banks and has left smaller institutions suffering much of the collateral damage, says the former Trap Special Inspector General.
May 12 -
The Justice Department's fear of losing cases and lack of sophistication likely enabled many Tarp fraudsters to get off scott free, says the former Tarp Special Inspector General.
May 12














