Community banking
Community banking
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PacWest Bancorp has been busy in the past week, usurping another bank's offer for American Perspective Bank and launching a hostile bid for First California. There have been a handful of similar bids in the past decade or so, though few have succeeded.
May 9 -
PacWest Bancorp (PACW) in Los Angeles is dead serious about expanding its California footprint through acquisitions.
May 9 -
The bank, led by ex-Sovereign chief Jay Sidhu, cited uncertain market conditions.
May 8 -
Cambridge Savings Bank has added mobile check deposit to its mobile banking app.
May 8 -
Webster Financial (WBS) in Waterbury, Conn., has established a new Treasury Services division and brought in former SunTrust Banks (STT) executive Philip C. Picillo to run it.
May 8 -
Bankers received an earful about pay from the public this year. But among the audience that matters mosttheir own shareholdersthe feedback was overwhelmingly positive.
May 8 -
Sun CEO Tom Geisel says hiring teams of bankers from rivals and opening new offices will allow Sun to thrive once it purges an existing portfolio of nonperforming real estate loans.
May 8 - Florida
EverBank Financial (EVER) in Jacksonville, Fla., has launched a new wealth management unit that will target affluent households nationwide.
May 8 -
Automated Clearing House payments are cheap, but compared to other payment methods they are slow, and companies are constantly developing adaptations and alternatives to make such payments in real time.
May 8 -
The pace of small-business lending slowed in April as demand from borrowers weakened and lenders of all sizes approved fewer loans.
May 8 -
A tiny merger in Maine could prove a test case for a type of deal that risk-averse acquirers have been struggling to pull off.
May 8 -
Mike Slocum, head of Capital One's growing commercial and specialty lending operations, has helped the bank diversify by financing some very niche industries.
May 8 -
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Six months ago Alliance Bankshares and a merger partner called off a deal they had announced - and Alliance's CEO says the Virginia bank has found a superior alternative.
May 7 -
Paul Nash, a former lobbyist, will advise the new comptroller after heading FDIC's legislative operations during run-up to Dodd-Frank.
May 7 -
First Bank of Delaware is set to shut down by the end of the year, the result of a wide-ranging consent order issued that alleged weaknesses in the bank's monitoring of relationships in its e-payment and money services business lines, and poor compliance efforts.
May 7 - Tennessee
Triumph Bancshares of Germantown, Tenn., has sold 1.35 million shares to investors, raising roughly $12.2 million in fresh funds to help grow its bank.
May 7 - Wisconsin
Top executives at Bank Mutual (BKMU) in Milwaukee told investors Monday that the company is eyeing acquisitions of banks and other financial services firms in its quest to become a “much larger company” in the next few years.
May 7 -
It's accounting — specifically purchase accounting, Gerard Cassidy of RBC Capital Markets says in a Q&A. The problem will persist until the economy and the real estate market improve further, he warns.
May 7 -
International Bancshares (IBOC) of Laredo, Texas, reported first-quarter income of $28.3 million, down more than 6% from a year earlier, as the company collected lower fees from interchange and overdraft protection.
May 7







