Community banking
Community banking
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PNC Financial Services Group Inc., of Pittsburgh, officially entered the Atlanta market over the weekend after closing a deal to acquire Flagstar Bancorp Inc.'s 27 branches there.
December 12 -
First Niagara's chief knows how to party, photos show. Lighter moment is part of serious effort at breaking the ice with new employees of a rapidly growing company, officials of the Buffalo bank say.
December 12 - Oregon
After reporting a profit of $2.6 million in the third quarter, Pacific Continental Corp. in Eugene, Ore., is projecting a loss in the fourth quarter as result of expected writedowns on certain real estate loans.
December 12 -
Republic Bancorp in Louisville, Ky., announced on Friday that it would soon stop making refund-anticipation loans as part of a settlement with the FDIC. Now it needs to find revenue to replace the $24.5 million the business has made this year.
December 9 -
The Buffalo company is scheduled to close on $1.1 billion of offerings over three days next week to pay for its increasingly problematic deal to buy 195 HSBC branches.
December 9 -
Lars Svensson, deputy governor of Sweden's central bank recently urged the Federal Reserve to find ways to push borrowing costs lower — this even though we already have the lowest nominal interest rates in modern history.
December 9 -
Bank of Virginia in Midlothian, Va., has named a new senior vice president of operations as it launches a $40 million commercial lending effort.
December 9 -
First Security Group Inc. in Chattanooga, Tenn., has named a former executive of the failed Integra Bank Corp. as chief executive of its banking unit, FSGBank N.A.
December 9 -
Southern Community Financial Corp. in Winston-Salem, N.C., has split the roles of chairman and chief executive.
December 9 -
Republic Bancorp in Kentucky said in a regulatory filing Friday that it has settled its months-long battle with the Federal Deposit Insurance Corp. over its controversial refund anticipation loan product.
December 9 -
CUNA says now that membership for credit unions grew by only a third of what it originally projected for the weeks before Bank Transfer Day.
December 9 -
Looking to bulk up in affluent Orange County, California United Bank in Encino announced Friday that it is buying the $450 million-asset Premier Commercial Bancorp in Anaheim for $38.1 million in stock.
December 9 -
Prosperity Bancshares Inc. in Houston has struck its second deal in three months, announcing Friday that it is buying East Texas Financial Services Inc. in Tyler in all-stock deal.
December 9 - New Jersey
Center Bancorp Inc. in Union, N.J., said Thursday that it repurchased warrants it issued to the Treasury Department as part of the Troubled Asset Relief Program.
December 8 -
Want to defuse disgruntled customers and Occupy protesters across the country? Perhaps bankers should consider the power of a well-timed juicy cut of beef. At least that's the advice of Peter Shankman, founder and chief executive of social media firm the Geek Factory.
December 8 -
The management of the newly formed BBCN Bancorp believe delayed approvals helped Nara Bancorp and Center Financial better prepare for their merger.
December 8 -
U.S. Bancorp and Fifth Third are eyeing small deals that would make them bigger players in markets they are already in, executives say. It sounds like a good idea for them and others, but will banks stick to it?
December 8 - Rhode Island
The Federal Reserve Board said Thursday that it had approved Brookline Bancorp Inc.'s acquisition of Bancorp Rhode Island Inc. in Providence, R.I.
December 8 -
Peoples Bancorp of North Carolina Inc. in Newton said that Tony Wolfe, its longtime president and chief executive, will retire late next year.
December 8



