Community banking
Community banking
- North Carolina
In what would be its first deal since creating a fund to invest in undervalued banks last year, bond giant Pacific Investment Management Co. is seeking regulatory approval to buy a roughly 20% stake in ECB Bancorp Inc. in Englehard, N.C.
September 22 -
Signature Bank, known for its aggressive business style, raised its profile further with the addition of a VIP director: Ivanka Trump.
September 22 -
Months after a Fed report on executive compensation at banks was expected to be released, Rep. Lloyd Doggett seeks answers.
September 21 -
Great Southern Bancorp Inc. in Springfield, Mo., said Wednesday that had repurchases a series of warrants held by the Treasury Department as part of the Troubled Asset Relief Program.
September 21 -
Chief executives of small banks discuss efforts to find new sources of non-interest income and cuts costs at a recent industry conference.
September 21 -
Britton & Koontz Capital Corp. in Natchez, Miss., said in a regulatory filing Wednesday that it was amending its previous financial statements for the three- and six-month periods that ended June 30.
September 21 -
State Street Corp. has agreed to purchase a Boston brokerage firm, Pulse Trading Inc.
September 21 - Illinois
Wintrust Financial in Illinois is tired of hiding behind numerous brand names. The $15 billion-asset company has launched an advertising campaign to aggressively introduce the Wintrust brand in Chicago.
September 20 - Hawaii
The biggest bank in Hawaii is set to have a new chief executive.
September 20 -
Series of bad events led to Seattle banks sale to AmericanWest. Being small did not help things.
September 20 -
Forget Dodd-Frank. Never mind unemployment. Want to jumpstart lending? Fix the system for classifying loans, Harris Simmons says.
September 20 - Texas
A group of bankers have banded together to buy First National Bank of Chillicothe in Texas and will use it to open a branch just outside of Dallas.
September 20 -
Big bank deals will worsen systemic risks and unfair competition, said the ICBA, which called for a moratorium while new regulations are in the works. Capital One argued the deal would create a safer company.
September 20 -
The Massachusetts Democrat said housing advocates' fight against a key reform of Dodd-Frank would hurt the low-income borrowers they are trying to help.
September 20 -
Smaller banks have systems work to do, and a company called WebEquity is trying to fill in the niche. Upgrading to a unified system helps prevent inadvertent discrimination and stop making lending decisions based on excel spreadsheets.
September 20 -
Calvin B. Taylor Bankshares Inc. in Berlin, Md., disclosed that its board has reinstated a stock repurchase program that had been dormant for nearly two years.
September 20 -
A group representing community banks Tuesday urged federal regulators to impose a moratorium on all acquisitions and mergers involving large financial firms--including Capital One Financial Corp.'s pending plan to buy ING Direct USA.
September 20 -
Dodd-Frank failed to cure key structural shortcomings of mortgage servicing that are still harming consumers, says Raj Date, the interim leader of the Consumer Financial Protection Bureau.
September 20 -
At a community banking panel at this year's American Banker Regulatory Symposium, the consensus held that regulation can't be a one-size-fits-all practice.
September 20 -
The Federal Reserve is holding public hearings in three cities across the country to review Capital One's proposed purchase of ING Direct. The hearings to be held in San Francisco are half a continent away from the nearest branches of what may become America's fifth largest bank. Without branches, the bank's responsibility to California cities and counties is not clear under regulators' current interpretation of the federal Community Reinvestment Act.
September 19


