Community banking
Community banking
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Investors in Sterling Bancorp in New York voted against the compensation package of CEO Louis Cappelli and other executives. In contrast, shareholders supported pay at Sandy Spring Bancorp and Orrstown Financial earlier this week.
May 4 -
Few so-called good bank/bad bank deals have been completed, with regulators or investors serving as key impediments. Bar Harbor Bankshares hopes to become the second acquirer in the past two months to complete such an acquisition.
May 4 - Iowa
Ailing Liberty Bank in West Des Moines, Iowa, is selling three more of its branches in its home state as part of an ongoing quest to trim overhead and bolster its capital levels.
May 4 -
Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla., company was failing to “mitigate or significantly reduce risks facing the bank.”
May 4 - Arizona
Coming off a strong first quarter in which its profits more than tripled from the same period last year, Western Alliance Bancorp (WAL) in Phoenix may be looking to build up its war chest to keep the momentum going.
May 4 -
A Chicago banker dodges blame for the Cubs' woes, a Florida bank finds a creative way to drive deposit growth, and executives at several companies jumped ship to competitors.
May 4 -
The former Tarp pay master urges banks to head off anger over executive compensation by voluntarily complying with pay standards laid out by regulators.
May 4 - Virginia
Five months after terminating its planned merger with one suburban Washington, D.C., bank, Alliance Bancshares in Chantilly, Va., has struck a deal to team up with another.
May 4 -
Floyd Stoner, the former chief lobbyist for the American Bankers Association, has joined the board of $1.4 billion-asset Orrstown Financial Services in Penn.
May 3 -
The Treasury Department said Thursday it plans to auction off pools of the preferred stock it owns in small banks through the Troubled Asset Relief Program.
May 3 -
Coastal Banking Company in Beaufort, S.C., has become the latest community bank to take advantage of a new law that relieves small banks from the burden of filing financial reports with the Securities and Exchange Commission.
May 3 -
EverBank had to lower its expectations to raise capital, solidifying a belief that banks will find it difficult going to public markets anytime soon.
May 3 -
A "major portion" of small commercial-property deals in the U.S. have fallen through because of stricter lending standards, according to a National Association of Realtors survey.
May 3 -
CenterState Banks (CSFL) in Davenport, Fla., is planning to merge its two subsidiary banks into a single bank as part of its ongoing effort to trim overhead and improve efficiency following its recent string of acquisitions.
May 3 -
C1 Bank in Tampa will give a Mercedes to customers who buy a $1 million, five-year CD.
May 3 -
The golf tournament has endured a tumultuous decade since Wachovia created the event to put itself on the national stage. Controversial deal negotiations have occurred there, it drew criticism from bank-bailout critics, and its name changed twice after Wells acquired Wachovia.
May 3 - Mississippi
Continuing its aggressive expansion throughout the Southeast, Renasant Bank in Tupelo, Miss., is opening its first office in east Tennessee.
May 3 -
George Ramirez, the new chief diversity officer at San Francisco's Union Bank, didn't get the memo that people are purely expense items for banks.
May 3 - Maine
Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.
May 3 - Florida
EverBank Financial in Jacksonville, Fla., reduced the size of its public offering again on Thursday, just hours before its shares began trading.
May 3





