Community banking
Community banking
- California
Community West Bancshares in Goleta, Calif., has yet another chief executive, marking its third CEO in less than a year.
March 23 -
The Federal Reserve Board has entered into written agreements with two community banks: Remer Bancorp. in Minnesota and Orrstown Financial Services in Shippensburg, Pa.
March 23 -
Regulators have terminated a memorandum of understanding with a banking unit of Banner Corp. after the Walla Walla, Wash., company returned to profitability for 2011.
March 23 -
Before moaning about unbanked consumers and their supposed lack of financial literacy, bankers, federal regulators, lawmakers might consider that there once was a product that targeted this situation.
March 23 -
With all due respect to my friend Chris Whalen, the view from Main Street in Ashland, Missouri; Newman Grove, Nebraska or Pine Mountain, Georgia is much different than the view from the 26th floor of West 57th Street in New York City.
March 22 -
Wells Fargo’s origination business has been operating at full steam, keeping the company’s mortgage servicing assets well above a cap proposed under Basel III. A new servicer compensation system could resolve the issue, but something has to give.
March 22 -
Commerce Bancshares — a Worcester, Mass., bank that specializes in classic car and small aircraft loans — would become a lender to buyers of Boston taxi medallions by acquiring Mercantile Capital, CEO Brian Thompson says.
March 22 -
A handful of banks, including CertusHoldings and Hancock Holding, have dual CEOs, which they believe helps with internal management and growth initiatives such as acquisitions.
March 22 -
The Senate by a clear margin passed legislation Thursday making it easier for small banks to attract investors without having to register with the Securities and Exchange Commission.
March 22 -
Don Gibson's $560 million-asset bank has been so profitable for years that he joins Jamie Dimon and John Stumpf on KBW's new honor roll for profitable banks.
March 22 -
Beneficial Mutual Bancorp gained a 25% stake in Liberty Bell Bank after its former chairman Michael Kwasnik defaulted on a loan. Kwasnik had used the stake in recent years to stymie Liberty Bell while trying to take over the bank.
March 22 -
Unsuccessful in its bid to raise capital and recently ordered by regulators to bolster its loan-loss allowance, Fidelity Bank in Dearborn, Mich., is now critically undercapitalized and has told investors that is in danger of failing.
March 22 -
BankAtlantic Bancorp Inc. (BBX) of Fort Lauderdale, Fla., said Thursday that it has canceled plans for a potential capital raise after reaching a new deal to sell its thrift to BB&T Corp. (BBT)
March 22 - Alabama
BancTrust Financial Group Inc. (BTFG) in Mobile, Ala., has put itself up for sale after its bid to raise capital from two private-equity groups fell through.
March 22 - Massachusetts
Directors at HarborOne CU, New England's second largest credit union, voted unanimously last night to put the issue of whether to convert to a state chartered cooperative savings bank to the credit union giant's 180,000 members.
March 22 -
CFPB chief says while agency was charged with writing regulations for everyone, situations exist when an institution's size should be taken into account.
March 21 -
Commerce in Worcester, Mass., has agreed to buy the parent of Mercantile Bank & Trust Co. in Boston for $26.5 million in cash.
March 21 -
In the depths of the financial crisis, the FDIC under Chairman Sheila Bair extended 100% insurance coverage to non-deposit transactions balances of all banks. Known as the Transaction Account Guarantee program, this extraordinary extension of FDIC insurance coverage to all transaction balances was a good idea at the time, but should be allowed to expire at the end of the year.
March 21 - Wisconsin
PSB Bancorp in Wisconsin is requiring Marathon State Bank to pay out a special dividend before the deal closes. While unusual now, the move harkens back to a pre-crisis tactic that existed when capital wasn't a concern.
March 21 -
The state of Hawaii is considering using federal stimulus money to create a "clean economy bank" that would make low-interest rate loans to clean energy companies.
March 21



