Community banking
Community banking
- Missouri
Commerce Bancshares Inc. in Kansas City, Mo., said late Tuesday that its fourth-quarter profits were flat from a year earlier, at $61.5 million, following the settlement of a class-action lawsuit.
January 25 -
BancorpSouth Inc. in Tupelo, Miss., raised $109.3 million in a common stock offering, a week after the company reported better-than-expected fourth-quarter earnings.
January 24 -
Southwest Bancorp Inc. in Stillwater, Okla., on Tuesday posted a fourth-quarter loss after shedding $300 million in problem assets through a bulk loan sale.
January 24 -
Trepp LLC's Matthew Anderson on the disadvantages giant banks face and why midsize banks will survive.
January 24 -
Data published this month provides support for criticism of the small business lending program as a backdoor exit from Tarp for small banks. Institutions that used SBLF capital to refinance bailout infusions increased such loans at far lower rates than peers.
January 24 -
Virginia Commerce Bancorp Inc. reported improved fourth-quarter profits due to a lower loan-loss provision and higher prices for foreclosed properties.
January 24 - New York
Fueled by balance sheet growth, Signature Bank’s fourth-quarter profits rose 32% from a year earlier, to $40 million.
January 24 -
Park National Corp. in Newark, Ohio, said in a regulatory filing Monday that that it will revise its 2010 financial statement, reducing its net income by $12.4 million.
January 24 -
Wilbur Ross says in an email to American Banker that BankUnited tried to sell only after an unnamed investment bank told management it could fetch a "substantial premium above market."
January 24 -
A dearth of failed banks and an artificially low interest rate environment are causing headaches for many firms that now must face an uphill climb before cashing out.
January 24 -
NBT Bancorp Inc. in Norwich, N.Y., said late Monday that its fourth-quarter earnings fell 5% from a year earlier as lower interest yields squeezed its net interest margin.
January 24 -
The company, which staged a legal fight against the Durbin Amendment last year, took sizeable hits to interchange revenue in the fourth quarter.
January 24 -
Pacific Premier Bancorp Inc. in Costa Mesa, Calif., on Tuesday reported that its fourth-quarter earnings rose 63% from a year earlier, to $2.6 million, largely due to the purchase of a failed bank.
January 24 -
FirstMerit Corp. in Akron, Ohio, reported Tuesday that its fourth-quarter earnings rose 13% from a year earlier, to $30.5 million, largely due to lower credit costs.
January 24 -
Synovus Financial Corp. swung to a profit in the fourth quarter after sharply reduced funds held for risky loans helped the regional lender report its second straight quarter in the black.
January 24 -
Regions Financial Corp. swung to a fourth-quarter loss, with the regional lender booking a hefty write-down following a long-planned deal to sell its brokerage unit.
January 24 -
- California
Fueled by a lower provision for loan losses and rising net interest income, Cathay General Bancorp's profits surged more than 68% in the fourth quarter, to $23.6 million, from a year earlier.
January 23 -
First Independent Bank has notified employees whose jobs will be eliminated after the Vancouver, Wash., bank is sold to Sterling Financial Corp. of Spokane, Wash.
January 23 - New York
Community Bank System Inc. in Syracuse, N.Y., is planning to raise $50 million in a stock sale primarily to fund its acquisition of 19 upstate New York branches from rival First Niagara Financial Group Inc.
January 23



