Community banking
Community banking
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First Interstate BancSystem Inc. in Billings, Mont., said this week that second-quarter net income rose 48%, to $9.9 million, from a year earlier, despite an increase in its nonperforming loans.
July 26 - Illinois
PrivateBancorp Inc. reported its fourth-straight quarterly profit Tuesday, but weak loan growth and declining revenue have raised questions about whether the Chicago company can maintain the momentum.
July 26 -
BancorpSouth shares jumped sharply a day after the company reported an impressive financial turnaround, reporting earnings of $12.8 million for the second quarter.
July 26 -
In what would be its first open-bank acquisition in five years, Wintrust Financial Corp. in Lake Forest, Ill., announced Tuesday that it is acquiring Elgin State Bancorp Inc. in Elgin, Ill., for $13.8 million in cash and stock.
July 26 - California
Bolstered by improved credit quality and growing demand for Small Business Administration loans, Nara Bancorp Inc. in Los Angeles reported its fourth-consecutive quarterly profit in the three months that ended June 30.
July 26 -
Yadkin Valley Bank and Trust Co. in Elkin, N.C., has exited the wholesale mortgage business in order to better focus on retail mortgage lending.
July 26 - Pennsylvania
Northwest Bancshares Inc. in Warren, Pa., said this week that its second-quarter earnings were down 7% from the same period last year, to $15 million, due largely to costs related to an employee stock-benefit plan.
July 26 - Mississippi
Shares of BancorpSouth Inc. were up sharply early Tuesday after the Tupelo, Miss., company rebounded from a surprisingly weak first quarter to report a second-quarter profit that handily beat analysts' estimates.
July 26 -
Aided by strong loan and deposit growth, Signature Bank in New York reported a record-setting $36.6 million profit in the second quarter, up 64.4% from the same period in 2010.
July 26 -
A large securities gain boosted second quarter earnings at Heartland Financial USA Inc. in Dubuque, Iowa, by 137% from a year earlier, to $8.9 million.
July 26 - Pennsylvania
F.N.B. Corp. in Hermitage, Pa., reported that its second quarter earnings rose nearly 25% from a year earlier, to $22.4 million, up nearly 25%, due largely to lower credit costs.
July 25 -
Massachusetts Attorney General Martha Coakley has launched an investigation of the Mortgage Electronic Registration System, or MERS, the middleman in millions of foreclosure filings.
July 25 -
Commerce Bancshares Inc. and Cullen/Frost Bankers Inc. are in rare company as small banks with top shares in major cities.
July 25 -
The Office of the Comptroller of the Currency definitely got the better end of its merger with the Office of Thrift Supervision. But among the downsides: The OCC is now on the legal hook for closing a thrift it never regulated.
July 25 - Michigan
Chemical Financial Corp. in Midland, Mich., reported Monday that its second quarter earnings rose 150% from a year earlier, to $11 million, as credit costs fell and net interest income increased.
July 25 -
These five banks are making deals work in the down economy, but they are tough acts to follow.
July 25 - Pennsylvania
Metro Bancorp Inc. in Harrisburg, Pa., reported Monday that second quarter earnings jumped 453% from a year earlier, to $2 million, due to a sizable drop in its loan-loss provision.
July 25 - Hawaii
Bank of Hawaii Corp. in Honolulu reported that its earnings fell nearly 25% from a year earlier, to $35.1 million, as it paid out $9 million to settle a class-action lawsuit involving overdraft fees on debit cards.
July 25 - Indiana
S&T Bancorp Inc. in Indiana, Pa., reported that its second-quarter earnings rose 58.5% from a year earlier, to $14.9 million, due largely to improved asset quality and the resolution of several nonperforming loans.
July 25 - Florida
WASHINGTON — Two failed banks in Florida went to one acquirer Friday, and regulators also shut a $1 billion-asset bank in Colorado, as the year's failure total reached 58.
July 22



