Community banking
Community banking
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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 - Maryland
Eagle Bancorp Inc. in Bethesda, Md., has hired Virginia Navas Heine to oversee its commercial and industrial lending.
October 14 - Georgia
State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.
October 14 -
State regulators closed three banks along the East Coast late Friday afternoon: Blue Ridge Savings Bank in Asheville, N.C.; Piedmont Community Bank in Gray, Ga.; and First State Bank in Cranford, N.J.
October 14 - South Dakota
Under pressure from investors to improve its performance, HF Financial Corp. in Sioux Falls, S.D., announced Friday that it is replacing its longtime Chairman and Chief Executive Curtis L. Hage, effective immediately.
October 14 -
L.A. team produces hilarious parody of Warren's populist candidacy, and the portrayal of the creator of the CFPB may help the Massachusetts Senate candidate.
October 14 -
Sellers of leveraged bank loans want to draw institutional investors into an arena in danger of losing its traditional buyers.
October 14 -
First BanCorp. in San Juan, Puerto Rico said it had brought on as its nonexecutive chairman Roberto Herencia, who had been the president and chief executive of Midwest Banc Holdings in Melrose Park, Ill., from 2009 to 2010.
October 14 -
BancFirst Corp. in Oklahoma City reported a third-quarter profit of $12.6 million, up 6.7% from the same period in 2010. Earnings per share rose 8%, to 81 cents, beating consensus analysts' estimates by nine cents.
October 14 -
Buoyed by improved asset quality, Webster Financial Corp. in Waterbury, Conn., said Friday that its third-quarter profit more than doubled from the same period last year, to $41.5 million.
October 14 -
The board of Cardinal Bankshares in Floyd, Va., issued a letter defending the company and management after an activist investor threatens to defy the establishment.
October 14 -
The economic pain inflicted on millions of citizens and businesses by the collapse and eventual bailouts of some of Wall Street’s largest financial firms reveals why community banks should continue to distinguish themselves from systemically risky financial firms.
October 13 - Virginia
FJ Capital Management said Thursday that it had received a "significant investment" by Bridge Equities LLC.
October 13 -
First ULB Corp., the Oakland, Calif., parent company for United Labor Bank, has filed to hold an initial public offering.
October 13 -
The Federal Reserve on Thursday announced a prompt corrective action against Anchor Commercial Bank in Juno Beach, Fla., after the bank failed to provide the Fed with an acceptable capital restoration plan.
October 13 -
TCF Financial said Thursday that it is acquiring Gateway One Lending & Finance, an Anaheim, Calif., company that uses its relationships with more than 3,100 dealers to make car loans to consumers in 30 states.
October 13 -
More than 85% of community banks say that their overdraft programs have remained profitable despite rule changes that require banks to receive customers' consent before approving overdrafts on debit transactions.
October 13 -
HUD is seeking comments on a proposed rule that would allow Farm Credit System lenders the ability to make FHA-backed loans. Since Farm Credit is already a GSE, bankers oppose the proposed rule.
October 13 -
First Midwest Bancorp Inc. said Thursday it will acquire about $185 million of deposits and a branch in suburban Chicago from Old National Bancorp.
October 13 -
Shares of Commerce Bancshares Inc. were down sharply midday Thursday after the Kansas City, Mo., company reported earnings that fell short of analysts' estimates and warned that new rules limiting debit-card fees could take a bite out of fourth-quarter profits.
October 13



