Community banking
Community banking
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Bankers spoke openly about their frustration with new regulations during the ABA's annual conference, with one likening it to being repeatedly punched in the head.
October 24 -
Second-guessers are "short-term" thinkers who underestimate the long-term value of the customer relationships the deposits bring, CEO John Stumpf says.
October 24 - North Carolina
Piedmont Community Bank Holdings Inc. in Raleigh, N.C., said Monday that it received regulatory approval to buy a majority stake in Crescent Financial Corp. for $75 million.
October 24 - Massachusetts
Enterprise Bancorp Inc. in Lowell, Mass., posted third-quarter earnings of $2.9 million, up almost 8% year over year, due to strong loan growth.
October 24 - North Carolina
FNB United Corp. has completed its acquisition of Bank of Granite Corp., part of the unprecedented merger of two ailing banks in North Carolina.
October 24 -
Fred Joseph, Colorado's banking commissioner, said Community Banks of Colorado should have been able to sell its branches in a bid for more time to resolve its problems. But the FDIC and the Fed overruled him — and then failed the bank.
October 24 -
WASHINGTON - The credit union industry has been lobbying the powerful congressional committee charged with reducing the deficit, seeking to ensure that credit unions preserve their tax-exempt status.
October 24 - Hawaii
Bank of Hawaii Corp. in Honolulu posted third-quarter earnings of 92 cents a share, nine cents more than the average expectation of analysts.
October 24 - Washington
Anchor Bancorp's losses widened in the third quarter, though the Lacey, Wash.-based company shrunk its nonperforming assets.
October 24 - Pennsylvania
Metro Bancorp Inc. in Harrisburg, Pa., posted a third-quarter loss of $5.7 million due to increases in the loan loss provision and chargeoffs.
October 24 -
Despite economic gloom, a number of industries are poised for success, according to IBISWorld research. Here is a sampling of industries projected to produce solid growth over the next five years.
October 24 -
The Federal Reserve usurps authority usually held by state regulators and fails a Colorado bank.
October 21 -
Mark Conner, former president of FirstCity Bank of Stockbridge, Ga., pleaded guilty to conspiring to commit bank fraud and perjury, according to the Justice Department Friday. FirstCity Bank was closed in March 2009.
October 21 -
Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.
October 21 - Ohio
Under an order from regulators to raise fresh capital, Central Federal Corp. in Fairlawn, Ohio, said in a Securities and Exchange Commission filing Friday that its shareholders have approved a plan to more than quadruple its number of outstanding shares.
October 21 -
Lending is nothing to joke about these days, as a SunTrust Banks Inc. executive learned at the Risk Management Association's annual conference Monday.
October 21 -
SVB Financial Group's stock was up sharply Friday after the company reported third-quarter earnings that handily beat analysts' estimates.
October 21 -
Despite a rough economic forecast, panelists at a recent Risk Management Association conference believe they have found areas poised to thrive.
October 21 - Illinois
MB Financial Inc. in Chicago managed to produce a third-quarter profit after its credit costs fell dramatically, though shrinking revenue disappointed analysts.
October 21 -
But the Green Bay, Wisc., bank is finding new loans and employees thanks to the sale of rival M&I, Flynn says.
October 21



