Community banking
Community banking
-
Two failures late Friday - one in Minnesota and one in Missouri = cost the Deposit Insurance Fund nearly $190 million.
October 7 -
Chaotic stock markets are complicating bank deals like Brookline's planned purchase of Bancorp Rhode Island. Brookline extended for the second time the deadline for the seller's shareholders to decide how they will be paid.
October 7 -
Former Bank of America Corp. executive Sallie Krawcheck will receive $6 million after leaving the bank following a management reshuffle last month.
October 7 -
I was at a summit with 300 other community bankers when we were startled by chants of "Make Banks Pay!" Occupy Wall Street and related groups see no solutions coming out of Washington they are attacking bankers as public enemy #1.
October 7 - WIB PH
Women are still a minority in banking, but their ranks and clout are growing. Leading lights from banking and finance gathered at the Waldorf-Astoria Hotel on Thursday to celebrate the shattering of the glass ceiling.
October 7 -
Ambassador Financial Group Inc. of Allentown, Pa., has bought Danielson Associates LLC of Bethesda, Md.
October 7 - Pennsylvania
Royal Bancshares of Pennsylvania Inc. in Narbeth said Friday that Wayne Huey Jr. was elected to its board.
October 7 -
HSBC Holdings PLC said Friday that Niall Booker is leaving his position as chief executive officer of the bank's North American operations, with two senior executives set to take overall responsibility for the U.S. and Canada.
October 7 -
Virgin Money, the banking division of Richard Branson's Virgin Group, Friday said it has appointed David Clementi as its new chairman to succeed the late Brian Pitman.
October 7 -
Reliant Bank in Brentwood, Tenn., is looking to raise up to $12 million to satisfy an agreement with regulators and to promote growth.
October 7 - Oregon
Cascade Bancorp in Bend, Ore., has hired former Fifth Third Bancorp executive Terry Zink to become its chief executive.
October 7 -
Frustrated by a dearth of deals, a growing number of community banks are repurchasing their own shares and keeping them on hand for future opportunities.
October 6 -
First Tennessee Bank in Memphis is taking an unusual approach with its new debit card fees: instead of collecting a monthly fee, the bank will charge its customers a few cents every time they use their debit cards.
October 6 -
The president offers a sharp critique of the banking industry, while saying that he does not believe the government should dictate how much profit private companies make.
October 6 -
Alliance Data Systems Corp. will take over the private-label credit card program for Pier 1 Imports Inc., the retailer said Thursday.
October 6 - WIB PH
2011 Most Powerful Women in Banking festivities kicked off Wednesday night at the Gansevoort Park Avenue Hotel in New York.
October 6 -
Capital rules, too big to fail, the European crisis and other wild cards are holding back deals, Jonathan Pruzan says. But a burst of mergers among midsize banks is possible.
October 6 - South Dakota
The president of Home Federal Bank in Sioux Falls, S.D., has stepped down after less than a year on the job.
October 6 -
A private-equity backed North Carolina holding company is acquiring the remaining shares of VantageSouth Bank that it does not already own and merging the bank with its other subsidiary.
October 6 -
Data released Wednesday by the U.S. Small Business Administration shows that banks are willing to finance small businesses — as long as the loans are backed by a government guarantee.
October 5





