Community banking
Community banking
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Bank of Montreal expects to save $300 million a year from the acquisition of Marshall & Ilsley, $50 million more than initially forecast, CEO William Downe says.
March 20 - Virginia
A Virginia investor who has co-founded and sold three community banks in the past decade may buy up to a 45% share in First Capital Bancorp Inc. in Glen Allen, Va.
March 20 - North Carolina
Bridge Capital Holdings Inc. in San Jose is opening a third loan office on the East Coast to lend to emerging technology companies.
March 20 -
Continuing in its quest to reinvent itself as a specialty-finance lender, TCF Financial Corp. of Wayzata, Minn., has launched a new division that will specialize in asset-based and cash-flow lending to smaller middle-market companies across the U.S.
March 20 -
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Private equity investors are requiring rigorous stress testing of banks' loan portfolios before they even consider making an investment.
March 19 - Louisiana
Making good on its promise to continue to grow through acquisitions, Iberiabank Corp. in Lafayette, La., announced Monday that it is buying the $350 million-asset Florida Gulf Bancorp Inc. in Fort Myers for up to $48.1 million in stock and cash.
March 19 -
SunTrust Banks Inc. will make several changes in its executive lineup, including top officers in retail banking.
March 19 -
Pacific Crest FCU announced on Monday that it is acquiring two northern California branches from ailing PremierWest Bancorp.
March 19 -
To date, the public dialogue about the Transaction Account Guarantee program has been divided between the political and reputational risks of continuing this extraordinary federal insurance and the potential liquidity crisis that could ensue if the program ends prematurely and abruptly.
March 19 -
New guidelines say directors and officers could face investigation from the agency if they copy or remove bank records before a seizure.
March 19 -
Less than 250 credit unions have the size, capital, and charter needed to successfully buy a community bank.
March 19 -
Union Bank's deal to buy Pacific Capital is making the U.S. Treasury's decision to a quick write-down on its investment in the target on look like a shrewd choice.
March 19 - Alabama
United Security Bancshares Inc. in Thomasville, Ala., reported a fourth-quarter loss of $9.5 million, compared with a loss of $6.5 million a year earlier, as it recorded a $4.1 million goodwill impairment charge to reflect continued weakness in its real estate portfolio.
March 19 -
In what would be the first acquisition in its 50-year history, Peoples State Bank in Wausau, Wis., is planning to buy the $108 million-asset Marathon State Bank in nearby Marathon City for $5.6 million.
March 19 -
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During an appearance to business journalists, Cordray defended his agency's powers.
March 16 - California
Seacoast Commerce Bank in Chula Vista, Calif., will open its first loan-production office in Utah.
March 16 -
Community bankers are worried about stress tests, even though there is nothing in the Dodd-Frank Act requiring them to do it. While regulators are not requiring the tests for smaller banks, they are increasingly encouraging bankers conduct such tests.
March 16 - Pennsylvania
Orrstown Financial Services Inc. in Shippensburg, Pa., said it expects to reach formal agreements with regulators that could require it to strengthen its credit risk management practices.
March 16





