Community banking
Community banking
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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 -
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When I am asked "How do we get bank customers back into the branch?" my answer is simple: How would you get them back into a Borders or Blockbuster store?
October 17 -
Rep. Jeff Clemens of Florida has introduced a bill that would make it illegal for banks operating in the state to charge customers monthly fees for using their debit cards.
October 17 -
Steve Antonakes, the Consumer Financial Protection Bureau's head of supervision, said the agency will rely significantly on policies developed already by the banking regulators. But the focus of exams will be quite different, however, as the CFPB makes consumers their top priority.
October 17 -
S&T Bank in Indiana, Pa., said Monday that it is launching a mobile banking system that allows customers to access their accounts via text, the Web or through an app on iPhone, Android and Blackberry.
October 17 -
The big banks keep getting bigger, but that has not stopped some community banks from growing deposit market share, even in cities where big banks are dominant. Community banks posted gains in New York and Hartford, Conn., and maintain top spots in cities such as Kansas City, Mo., and San Antonio, Texas.
October 17 - Washington
Washington Federal Inc. in Seattle said Monday that it had completed its purchase of six Charter Bank branches and $254 million in deposits in New Mexico.
October 17 -
People's United Financial Inc. in Bridgeport, Conn., has hired a former Sovereign Bank executive to lead the expansion of its asset-based lending business.
October 17 -
Intervest Bancshares Corp. in New York said Monday that its third-quarter earnings rose 4% from a quarter earlier, to $2.6 million.
October 17 -
Consultant and former California regulator Walter Mix quantifies the damage from Dodd-Frank and explains why 2,700 banks could disappear over the next three to five years.
October 17





