Community banking
Community banking
- Georgia
Profits at State Bank Financial in Atlanta said its second-quarter profit fell 10% from the same period last year as gains in interest income were offset by higher expenses and an increase in its loan-loss provision.
August 16 -
Saehan Bancorp in Los Angeles has reported a profit in two straight quarters after losing more than $75 million in 2009 and 2010.
August 16 -
New guidelines advise using stronger authentication for business accounts, but more community banks use it for consumer accounts.
August 16 -
The investment firm Keefe, Bruyette & Woods Inc. is advising investors to stop dumping their shares in Westamerica Bancorporation.
August 16 - Kansas
Mercantile Bancorp once believed that its bank in sleepy Quincy, Ill. was not enough. Now, that bank might hold the key to the company's survival.
August 16 - Georgia
The Federal Reserve on Tuesday announced that it has reached a written agreement with Coastal Bankshares Inc. in Savannah, Ga.
August 16 -
TD's $7.6 billion deal for a B of A MasterCard portfolio underscored again how banks north of the border are profiting at the expense of their U.S. rivals.
August 16 -
Extreme weather and rising feed and fuel costs across the Midwest crimped spending on farm equipment during the second quarter, according to a Federal Reserve survey published Monday.
August 15 -
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A survey of loan officers released by the Federal Reserve Board said that lending standards today are tighter for a variety of business and consumer loans than at any time since 2005.
August 15 -
The FDIC's return to black has led to calls for banks to get back some of the prepayments they made into the agency's Deposit Insurance Fund.
August 15 -
Suffolk Bancorp in Riverhead, N.Y., is planning to restate its earnings for third and fourth quarters of 2010, as well as for the full year, after its audit committee determined that portions of the loan-loss provision it took in this year's first quarter should be applied to prior quarters.
August 15 -
One bank postponed its initial public offering because of recent volatility, and others stock offerings could be delayed for weeks or months. It was bad timing for banks trying to get the jump on weakened competitors.
August 15 -
Losses at First Financial Services Corp. mounted in the second quarter after the Elizabethtown, Ky., company set aside an additional $13 million to deal with problem loans.
August 15 -
Looking to trim its overhead, West Coast Bancorp in Lake Oswego, Ore., is planning to close three of its roughly 62 full-service branches by the end of November.
August 15 - California
After initially warning investors that it expected to report a loss of $4.6 million in the second quarter, Wilshire Bancorp in Los Angeles now says that it turned a $2.1 million profit.
August 15 -
WASHINGTON — The Office of the Comptroller of the Currency shut $538.1 million-asset First National Bank of Olathe in Kansas, the first failure in the state this year, bringing the total number of collapses in the country to 64.
August 12 -
Banking companies that received rescue capital from the government and fall behind on payments have trouble getting out of the hole.
August 12 -
The Obama administration faces reputational and practical problems if it rents out foreclosed homes as part of its new efforts to unload the backlog of real-estate owned properties held by Fannie Mae and Freddie Mac.
August 12 - Tennessee
Green Bankshares Inc. in Greenville, Tenn., reported a net loss of $12.4 million for the second quarter as it prepares to sell to North American Financial Holdings Inc.
August 12










