Community banking
Community banking
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Glacier Bancorp Inc. in Kalispell, Mont., is planning to collapse its 11 bank subsidiaries into a single commercial bank in a move aimed at streamlining its operations and lowering its overall compliance costs.
January 19 -
Wintrust Financial Corp. in Lake Forest, Ill., reported late Wednesday that its fourth-quarter earnings rose 35% from a year earlier, to $19.2 million, as credit costs subsided and the company benefited from an 11% jump in earning assets from a year earlier.
January 19 -
Higher fee income and lower costs tied to deposits and operations helped CVB Financial Corp. more than double its fourth-quarter profit from a year ago.
January 19 -
Buoyed by improved asset quality and a surge in commercial loan originations, Webster Financial Corp. in Waterbury, Conn., said Thursday that its fourth-quarter net income jumped 63% from the same period in 2010, to $39.6 million.
January 19 -
BankUnited issued a press release confirming rumors that it did in fact engage an investment bank to find a possible buyer for the company, but has opted to stay independent.
January 19 -
Complaint also seeks to bar Alan Levan, the company's chairman and CEO, from serving as an officer or director of any public company.
January 18 -
F.N.B. Corp. in Hermitage, Pa., said late Wednesday that Stephen J. Gurgovits is stepping down as its chief executive.
January 18 -
Cordia Bancorp Inc. has appointed David C. Bushnell as its chief risk officer, the company said Wednesday.
January 18 -
Cardinal Financial Corp.'s fourth-quarter earnings more than doubled from a year earlier, to $8.2 million, as its net interest income jumped 23%.
January 18 -
If you run a bank in New York City, be advised that Jack Kopnisky is aiming to steal away some of your best lending officers now that his bank has an agreement to buy one of your local rivals.
January 18 -
In contrast to its more ambitious plan to expand in Florida through acquisitions, BB&T Corp. is taking a measured approach to growth in Texas.
January 18 -
A group of state associations, led by Utah, has developed an electronic, anonymous survey bankers complete after each exam. The survey is already helping the industry pinpoint points of agreement and discord between banks and their examiners.
January 18 -
PNC CEO James Rohr said more deals are possible after it completes the acquisition of RBC USA, but he vowed to be "very judicious" and said PNC could open new branches where needed.
January 18 -
Regulatory hurdles and reduced earnings forecasts may sour PE's view of bank investment.
January 18 - California
PacWest Bancorp in Los Angeles reported higher quarterly earnings Wednesday after recouping more covered losses from its failed-bank acquisitions.
January 18 -
Malvern Federal Bancorp Inc.'s stock price soared to its highest level since mid-summer Wednesday after the Paoli, Pa., company announced that it is converting from a mutual holding company to a 100% stock-owned company.
January 18 -
Western Liberty Bancorp in Las Vegas has established a new nonbank subsidiary to house problem assets of its bank subsidiary in a move it says will help it more quickly dispose of the troubled loans and improve its overall efficiency.
January 18 -
Provident New York Bancorp in Montebello said Wednesday that it has agreed to acquire Gotham Bank of New York for roughly $40.5 million in cash.
January 18 -
Select Bank & Trust Co. in Greenville, N.C., said Tuesday that it has completed its acquisition of Gibsonville Community Bank from Bank of Atlanta.
January 18 -
Pulaski Financial Corp. in St. Louis said Tuesday that profits in its fiscal-year first quarter fell 3% from a year earlier, to $3 million, due to a slowdown in mortgage activity.
January 18




