Community banking
Community banking
- New York
Two weeks after First Niagara Financial Group in Buffalo announced it is adding hundreds of jobs in western New York, the chief executive M&T Bank Corp. said his company expects to create 133 new jobs in Buffalo as a result of its acquisition of Wilmington Trust Corp. in Delaware.
May 18 - Illinois
Hit hard by defaults on construction loans, Old Second National Bank in Aurora, Ill., has agreed to an enforcement order with its regulator that requires it to boost a key capital ratio by the end of the third quarter.
May 18 -
No financial firm wants to be labeled "systemic," but some won't have a choice. The Dodd-Frank Act specified that all banks with assets of more than $50 billion be subject to "enhanced supervision."
May 18 -
First Bancshares in Hattiesburg, Miss., is buying seven Whitney National Bank branches in a deal that would more than double its branch network along the Gulf Coast and move it into a new market in Louisiana.
May 18 - Ohio
First Place Financial Corp. in Warren, Ohio, is in danger of having its stock delisted for failing to file its last three quarterly financial statements with the Securities and Exchange Commission.
May 17 - Florida
Bond Street Holdings Inc., the most active acquirer of failed banks in Florida, is looking to raise more money to buy even more banks.
May 17 -
Have the Federal Home Loan banks drifted too far from their original purpose? That's the fear among top officials at the Federal Housing Finance Agency, who have watched with alarm as the level of the banks' investments has surged, sometimes surpassing the level of their advances.
May 17 - Florida
Buoyed by a large private-equity investment and the acquisition of another Northeast Florida bank, Jacksonville Bancorp Inc. swung to a $439,000 profit in the first quarter from a $988,000 loss in the same period last year.
May 17 - Hawaii
The stories of Bank of Hawaii Corp. and Central Pacific Financial Corp. tell you everything you need to know about the troubled past and hopeful signs for the future of banking in Hawaii.
May 17 - Arizona
The embattled Capitol Bancorp Ltd. eked out a small profit in the first quarter, thanks largely to a $16.9 million gain on the conversion of trust-preferred securities to common equity.
May 17 -
After the meltdown, the public and policymakers devoted extensive attention to the risks posed by too-big-too-fail banks and the plight of community banks. But a lot less has been said about the hit sustained by midsize banks and its implications.
May 17 - Virginia
Continuing to be plagued by problem construction loans, Hampton Roads Bancshares Inc. in Norfolk, Va., said after the markets closed on Monday that it lost $31.7 million in the quarter that ended March 31.
May 16 -
Two community banks have signed up for Secure Vault Payments, according to eWise Systems USA Inc., the Denver company working with Nacha, the electronic payments association, to offer the technology.
May 16 - Louisiana
Hancock Holding of Gulfport, Miss., has won all federal approvals to acquire Whitney Holding in New Orleans, setting the stage for the deal to close on June 4 and create a $20 billion-asset company with more than 300 branches stretching from Florida to Texas.
May 16 - West Virginia
Premier Financial Bancorp of Huntington, W.Va., has received regulatory approval to resume dividend payments on its investment from the Treasury Department.
May 16 -
Large community banks that aspire to the next rung face a critical challenge: expanding in size and scope while maintaining their small-bank identity.
May 16 - California
Bay Commercial Bank in Walnut Creek, Calif., is moving into the Silicon Valley market with a deal to acquire the $66 million-asset Global Trust Bank for $15.3 million in cash and stock.
May 16 -
California Assemblyman Ben Hueso, a Democrat, has introduced a bill to create a task force to consider the viability of forming a bank that'd use deposits of state agencies to support economic development.
May 16 - South Dakota
Bell Federal Credit Union and Midwest Partners Federal Credit Union, both in Sioux Falls, S.D., have agreed to merge, creating a $65 million-asset credit union serving 9,000 members.
May 13 - South Carolina
The Federal Reserve on Thursday released information on written agreements with five banking companies.
May 13






