Community banking
Community banking
- California
First PacTrust Bancorp Inc. in Chula Vista, Calif., is looking to raise up to $30 million in fresh capital that it could use to support its growth.
June 23 -
Rejected by the Office of Thrift Supervision in its bid to become a 100% stock-owned company, New Jersey mutual holding company Clifton Savings Bancorp is taking its chances with its new regulator, the Office of the Comptroller of the Currency.
June 23 - South Carolina
First Financial Holdings Inc. in Charleston, S.C., has agreed to buy five South Carolina branches from Liberty Savings Bank. The $3.3 billion-asset First Financial will buy $109.5 million in deposits and $27 million in performing loans as part of the deal.
June 22 - Louisiana
Teche Holding Co. in New Iberia, La., said Wednesday that it has completed the charter conversion for Teche Federal Bank. The $782 million-asset company switched its unit to a state bank from a federally chartered thrift in a move that will reduce the company's regulatory fees by $100,000 annually.
June 22 - Florida
Anchor Commercial Bank in Juno Beach, Fla., is close to raising $20 million in capital from a group of South Florida investors.
June 22 - Nevada
Western Liberty Bancorp Inc. in Las Vegas has hired Sandler O'Neil & Partners LP to search for strategic alternatives, including a possible sale, just eight after the special-purpose acquisition company completed its first bank acquisition.
June 22 - Kentucky
Porter Bancorp Inc. was able to avoid trouble during the darkest days of the recession, only to show up on its regulator's radar screen as many other banks are recovering.
June 21 - West Virginia
The Federal Reserve said Tuesday that it had approved the sale of Centra Financial Holdings Inc. in Morganton, W.Va., to United Bankshares Inc. in Charleston, W.Va.
June 21 -
VSoft Corp. said Tuesday that Park Community Credit Union would use its technology for item capture in its branches.
June 21 - California
Provident Financial Holdings Inc. in Riverside, Calif., is back in good standing with its regulator.
June 21 - California
A California community bank will be among first financial institutions to participate in the government's $30 billion small-business loan program.
June 21 -
Stacy L. Moran has resigned as chief financial officer at Suffolk Bancorp, just weeks after the Riverhead, N.Y., company announced that it may have to restate earnings for several quarters.
June 21 - Pennsylvania
The $14 billion-asset Susquehanna said late Monday that it would pay $343 million for the $2.6 billion-asset Tower.
June 20 - New York
Provident Bank in Montebello, N.Y., announced Monday that longtime President and Chief Executive Officer George Strayton is retiring and that its board has hired former KeyCorp executive Jack Kopnisky to succeed him.
June 20 - California
Shares of Hanmi Financial Corp. fell sharply Monday on news that the Los Angeles company is planning to raise roughly $75 million by selling shares of its common stock.
June 20 - Puerto Rico
Now that its private-equity injection is almost a done deal, First BanCorp's natural next move would be to consolidate power in Puerto Rico. Unless it sells itself instead.
June 20 - Kentucky
PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.
June 20 - Wisconsin
Wisconsin credit unions are urging Gov. Scott Walker to strike a provision from the state's budget that would allow state-chartered credit unions to more easily convert to banks.
June 20 -
The National Credit Union Administration is suing JPMorgan Chase and RBS Securities, claiming fraud in the sale of billions of dollars in private label, mortgage-backed securities.
June 20 -
PBI Bank in Louisville, Ky., has announced that it expects to enter into a consent agreement with state and federal regulators that will require it reduce its loan concentrations, improve its asset quality and maintain capital levels above regulatory minimums.
June 20




