Community banking
Community banking
- Florida
The Office of the Comptroller of the Currency closed Lydian Private Bank in Palm Beach, Fla., on Friday. The $1.7 billion-asset bank is the 10th bank to fail in Florida this year.
August 19 -
Modern Woodmen Bank, a relatively small direct bank, had to build and maintain a website that delivers more than what its two tech staffers could handle alone.
August 19 -
B of A's plans to cut 3,500 jobs — and perhaps more — are the tip of the iceberg for the entire industry. Expenses are too high and revenues too low for most banks to avoid layoffs.
August 19 - Michigan
Dearborn Bancorp in Michigan may need to restate its earnings for the quarter that ended June 30 pending the results of its latest examination by the Federal Deposit Insurance Corp.
August 19 -
To survive, capital-starved Community Banks of Colorado has struck a deal to sell 16 branches as well as its name.
August 19 -
While coaching is important, it would appear that leading by example is significantly more important.
August 18 -
In a rare Thursday failure, regulators shut a small Pennsylvania bank that serves the Orthodox Jewish community.
August 18 - Missouri
Great Southern Bancorp Inc. of Springfield, Mo., has received $57.9 million from the Treasury Department's Small Business Lending Fund and will use the proceeds to exit the Troubled Asset Relief Program.
August 18 - Georgia
The banking crisis in Georgia has spread to the state capital, as several lawmakers, including the governor, have personal ties to some of the state’s failed banks.
August 18 - Arizona
Meridian Bank is finally making money again after three years of heavy losses.
August 18 - Virginia
Hampton Roads Bankshares Inc. in Norfolk, Va., announced Thursday that its president and chief executive officer, John A.B. "Andy" Davies has resigned to return to his management consulting practice.
August 18 - Pennsylvania
Under pressure from its largest shareholder to beef up its capital base, Polonia Bancorp in Huntingdon Valley, Pa., has announced that it is planning to become a 100% stock-owned company.
August 18 -
WASHINGTON — Lending to small businesses in the U.S. declined last year as the economy struggled to recover from recession and access to credit only started to show signs of improvement, regulators said Thursday.
August 18 -
Former top executives at LaSalle Bank are looking to start a bank that would acquire the assets and deposits of failed banks in and around Chicago.
August 18 -
Ladenburg Thalmann Financial Services Inc., the Miami-based investment bank and brokerage, said Wednesday that it has agreed to buy Securities America Inc. from Ameriprise Financial Inc. for at least $150 million to add 1,700 financial advisors.
August 17 -
Jeff Gerrish, a lawyer in Memphis who spends a lot of his time advocating on behalf of community banks to federal regulators, sees a thawing in banker-regulator relations, but says it is one born of fatigue rather than enlightenment.
August 17 -
MidSouth Bancorp Inc. in Lafayette, La., has agreed to buy a branch in Tyler, Texas, from Beacon Federal Bancorp Inc.
August 17 - Virginia
Access National Corp. in Reston, Va., said Wednesday that it rejected the Treasury Department's offer of $28 million in capital through the Small Business Lending Fund.
August 17 -
Some bankers are withdrawing the applications for the SBLF program after being held back by certain restrictions. Observers question whether the Treasury will deploy most of the funds in time.
August 17 - Florida
Seacoast Banking Corp. of Florida if finally current on dividends tied to the Troubled Asset Relief Program after missing nine payments to the Treasury Department.
August 17




