Community banking
Community banking
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With the introduction of Wag bank, Jeff Stephens is trying to create a direct bank for pet lovers — a concept that failed 10 years ago in different hands. Wag, the bank for dog owners, is the first of what Stephens plans as a series of niche banks focused on affinity groups.
October 19 -
M&T Bank Corp.'s third-quarter earnings fell 4.6% on merger-related charges as the regional bank continued to reduce the amount of loans written off.
October 19 -
Rockwall Bancshares Inc., a Texas startup, has hired Eric Anderson as its chief executive. He had been an executive with American National Bank of Texas.
October 18 -
Elouise Cobell, a member of the Blackfeet tribe who founded the first Native-American-owned bank and later was the lead plaintiff in a multibillion-dollar lawsuit against the federal government, died Sunday at 65 of complications from cancer.
October 18 -
Renasant Corp. in Tupelo, Miss., said its third-quarter earnings rose 13.5% from a quarter earlier, to $6.5 million, after the company recorded $5 million in securities gains.
October 18 -
Fulton Financial reported third-quarter results that were slightly better than expected as its loan-loss provision continued to decline, beating the average analysts estimate by a penny.
October 18 -
Driven by improved loan demand, ServisFirst Bancshares Inc. in Birmingham, Ala., reported Monday that its third-quarter income rose 25% from a year earlier, to $6 million.
October 18 -
During testimony on Capitol Hill, the Treasury secretary faces criticism from members of both parties over a slow-moving, smaller-than-expected initiative to boost lending to small businesses.
October 18 - Texas
Rockwall Bancshares Inc., a Texas-based start-up, has hired Eric Anderson as its chief executive officer.
October 18 -
Despite substantial gains in fee income, Arrow Financial Corp. in Glens Falls, N.Y., said Tuesday that its third-quarter profit fell slightly from a year earlier due to weakening demand for home and auto loans and a penalty it incurred for prepaying Federal Home Loan Bank advances.
October 18 -
Attacks on European ATMs were 69% in the first half of this year, compared to last year. On the bright side, card skimming is on the wane.
October 18 -
Mercantile Bank Corp. in Grand Rapids, Mich., swung to a third-quarter profit of $2.7 million, compared to a loss of $5.7 million a year earlier, as credit costs fell dramatically.
October 18 -
Obama singled out Wall Street three times in a speech designed to defend his jobs plan against a Republican alternative in front of a select group of attendees and media at a YMCA gymnasium.
October 18 - Montana
Elouise Cobell, a member of the Blackfeet tribe who founded the first-ever Native-American-owned bank and later was the lead plaintiff in a multi-billion-dollar lawsuit against the federal government, died Sunday of complications from cancer. She was 65.
October 18 -
Porter Bancorp in Louisville, Ky., has been told by the Federal Reserve to ensure that its PBI Bank complies with a consent order issued by the FDIC and the Kentucky Department of Financial Institutions.is under orders from the Federal Reserve to serve as a source of strength for its PBI bank.
October 18 - Kentucky
Republic Bancorp Inc. in Louisville, Ky., reported on Tuesday that it earned $7.9 million in the third quarter, an 8% increase from the same quarter last year. Its diluted earning per share rose 9%, to 38 cents.
October 18 - Arizona
Earnings for Western Alliance Bancorporation in Phoenix jumped 550% for the third quarter from a year ago to $13 million, due largely to strong loan growth and improved asset quality.
October 18 - Texas
A community bank held the most deposits in at least nine Texas metropolitan areas at June 30, according to data recently issued by the Federal Deposit Insurance Corp.
October 18 - Oregon
Pacific Continental Corp. in Eugene, Ore., reported Monday that its income for the third quarter was $2.6 million, up 125% compared with the same period a year earlier. Earnings per share more than doubled, to 14 cents, beating consensus analysts’ estimates by three cents.
October 17 -




