Community banking
Community banking
- Florida
Due to a noncompete agreement, John Kanas must remain hands-off for a while after BankUnited buys Herald National in New York. When that noncompete expires, watch out.
June 2 - Virginia
Eager to lower its overhead, Hampton Roads Bankshares Inc. in Norfolk, Va., will close nine branches this year and move customers' accounts into other nearby branches.
June 2 - Michigan
Huntington National Bank is committing $2 billion to help jumpstart Michigan's sputtering economy.
June 2 -
Despite the loss of some advantages under Dodd-Frank, the grandfathered unitary thrift holding company still offers more flexibility than the financial holding company variant.
June 2 - Wisconsin
The $3.6 billion-asset thrift company said this week that its lender, U.S. Bank, has given it another six months to repay a $116.3 million loan that was due to be paid off May 31.
June 2 - Kentucky
Republic Bancorp Inc. in Louisville is exiting the Bowling Green, Ky., market and selling its branch there to a local rival.
June 2 - Tennessee
Tennessee Commerce Bancorp Inc. in Franklin will not be required to restate its 2010 earnings after all, but it is under orders to boost its capital ratios.
June 2 - Virginia
Xenith Bancshares Inc. of Richmond, Va., is adding market share in its hometown with a deal to acquire the lone Virginia branch of Paragon Commercial Bank in Raleigh, N.C.
June 2 -
BankUnited Inc. of Miami Lakes, Fla., is expanding into the New York market with a deal to acquire Herald National Bank for $71.4 million in cash and stock.
June 2 -
Rep. Darrell Issa, the chairman of the House Oversight Committee, is calling Elizabeth Warren back to the Hill for a second hearing following a dispute with a subcommittee chairman last week.
June 1 -
New York State is considering legislation that would carve out an exception for check cashers from its 25% cap on interest rates for short-term loans, a move consumer advocates say is a backdoor attempt to allow payday lending in the nation's third-most populous state.
June 1 -
BankAtlantic, the Fort Lauderdale, Fla., subsidiary of BankAtlantic Bancorp, plans to release a mobile banking application for smartphones that run Google's Android software.
June 1 -
I've found that one of the great things about being in the banking industry is that it gives us both opportunity and reason to learn about how various businesses operate.
June 1 -
Witnesses at a House Small Business Committee hearing Wednesday told lawmakers that a harsh regulatory environment continues to restrict access to credit for small businesses.
June 1 - Arkansas
Home BancShares Inc. in Conway, Ark., said it recovered $4.4 million in chargeoffs booked in the fourth quarter.
June 1 -
There are plenty of reasons for dire predictions about the community banking sector, but one in particular is receiving less attention than it deserves: Bank operating revenue has been declining for more than a decade.
June 1 - New York
Bridge Bancorp in Bridgehampton, N.Y., said late Friday that it had completed its $6.3 million acquisition of Hamptons State Bank of Southampton, N.Y.
May 31 - California
Less than six months after completing its first bank acquisition, First General Bank in Rowland Heights, Calif., has struck another deal.
May 31 - Puerto Rico
First BanCorp in San Juan, Puerto Rico, said Tuesday that it struck an agreement under which the private-equity firm Thomas H. Lee Partners LP may buy $180 million of the company's common stock.
May 31 - Connecticut
Webster Financial Corp. in Waterbury, Conn., has hired a former top executive at NewAlliance Bancshares as its chief financial officer.
May 31




