Community banking
Community banking
- Florida
Coming off its 13th consecutive quarterly loss and struggling to meet capital requirements set by regulators, Atlantic Coast Financial Corp. in Jacksonville, Fla., is considering selling itself to another bank.
November 28 -
Atlantic Coast Financial Corp. said it will explore strategic options, including a potential business combination, after it didn't meet minimum capital requirements and has posted four straight quarters of losses.
November 28 - Michigan
Dearborn Bancorp Inc. in Michigan said Wednesday that the Nasdaq stock market had rejected its plan to cure a reporting deficiency and that its stock would be delisted on Tuesday.
November 23 -
Park National in Ohio, is selling its most of its Florida operations for a fraction of what it paid for the bank in 2007. Analysts say this closes a bad chapter for the company, which could re-emerge as a buyer in the next few years.
November 23 -
The Fed's approval marks the first time a prepaid card company has been allowed to buy a bank. Fed Gov. Duke objected, warning that the deal was too risky.
November 23 - North Carolina
Bank of the Carolinas Corp. in Mocksville, N.C., said that its chief financial officer, Eric E. Rhodes, has resigned from the company.
November 23 - North Carolina
Waccamaw Bankshares Inc.'s stock was delisted from the Nasdaq after the company said it could not complete its delinquent financial statements.
November 23 - North Carolina
BNC Bancorp in Thomasville, N.C., announced Wednesday that it would close four of the 10 branches it inherited last month when it acquired the failed Blue Ridge Savings Bank of Asheville, N.C.
November 23 - California
Mission Community Bank in San Luis Obispo, Calif., has named Tom L. Dobyns, a longtime California community banker, as its new chief executive.
November 23 -
Mary Lynn Lenz will lose her job as CEO of Professional Business Bank after it merges with another California bank. In the bank M&A world, that's a compliment. More opportunities await turnaround artists like her in deals-rich California.
November 22 -
Big banks can win on price, but small banks say commercial lending is too attractive to give up on. Some community bankers are hunting for customers that bigger banks might discount and for loan officers displaced by M&A.
November 22 -
As Dodd-Frank regulations come into focus, critics say they're complex to the point of being unworkable. Here's a simple solution.
November 22 - Tennessee
WASHINGTON — A Tennessee bank owner must get prior Federal Reserve approval to pay dividends or increase debt.
November 22 - Illinois
First Midwest Bancorp Inc. in Itasca, Ill., has completed the sale of $115 million in senior notes and will use the proceeds to exit the Troubled Asset Relief Program.
November 22 - California
Two Los Angeles community banks largely owned by the same investment group are planning to merge - the latest in a string of deals between California banks.
November 22 -
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Bridge Bancorp Inc. in Bridgehampton, N.Y., said late Monday that it will raise up to $10 million by selling common stock.
November 21 -
Heightened regulation is forcing more bank buyers to overhaul their entire computer platform as regulators zero in on a greater need for compliance.
November 21 - Connecticut
Webster Financial Corp. in Waterbury, Conn., received court approval to settle longstanding litigation over a condominium project in Columbus, Ohio, that had previously resulted in an almost $19 million verdict.
November 21




