Community banking
Community banking
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DNB First in Downington, Pa., is acquiring a branch in nearby Boothwyn from Capital Bank of Rockville. Md.
April 5 -
Ailing Orrstown Bank in Shippensburg, Pa., has named a former chief lobbyist at the American Bankers Association to its board of directors.
April 5 -
Community banks will be around a long time if they focus on small business borrowers, pursue customers alienated by bigger banks and dont get greedy, panelists on an American Banker roundtable said.
April 5 -
HARRISBURG, Penn. — A federal court here dismissed a suit last week alleging Pennsylvania State Employees CU violated provisions of the Electronic Funds Transfer Act after the credit union produced evidence suggesting that someone had removed the legally required notice affixed to the ATM disclosing the fees to be charged to non-member users of the cash machine.
April 5 -
"Is my bank worth that much?" That is the urgent question potential sellers are asking in the Lone Star State, after two pricey deals there — for Encore Bancshares and American State Financial — the past two months.
April 5 - New Jersey
Peapack-Gladstone Financial (PGC) of Bedminster, N.J., has paid $110,000 to repurchase the warrant it issued to the Treasury Department as part of the Troubled Asset Relief Program.
April 5 -
Homeland Community Bank in McMinnville, Tenn., has missed its deadline for filing its 2011 annual report because regulators have questioned its allowance and provision for loan losses.
April 5 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
April 5 -
Washington Federal of Seattle is bulking up in Oregon with an agreement to buy South Valley Bancorp of Klamath Falls for up to $72.7 million in cash and stock.
April 5 -
Western Capital in Boise, Idaho, is expanding into neighboring Oregon with a deal to acquire the $104 million-asset Northwest Bank in Lake Oswego.
April 5 -
Southwest Bancorp (OKSB) in Stillwater, Okla., has hired a search firm to help it find a successor for its president and chief executive, Rick Green, who is retiring.
April 4 - Michigan
Mercantile Bank (MBWM) of Grand Rapids, Mich., has repurchased about $10.5 million of the preferred stock it issued to the Treasury Department as part of the Troubled Asset Relief Program.
April 4 -
More banks are looking to cut costs by selling off branches built during the real estate boom. Thankfully, there are still banks with capital and a desire to pick and choose assets and bargain prices, helping to fuel the market.
April 4 -
First Southern Bank in Boca Raton, Fla., announced Wednesday that its president, Lynne Wines, has added the title of chief executive officer and has been elected to its holding company's board of directors.
April 4 -
An ailing Milwaukee community bank that needs to bolster its capital levels is about to receive a significant cash infusion from a prominent local family.
April 4 -
Barry Sloane of Newtek Business Services explains why banks are referring customers to his nonbank lender.
April 4 - Ohio
United Community Financial (UCFC) of Youngstown, Ohio, will once again raise fresh capital to meet the requirements of a regulatory order.
April 4 -
The Federal Reserve Board has terminated a written agreement with First Bancshares that prevented the Cold Spring, Minn., company from paying dividends without approval.
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