Community banking
Community banking
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The midtier bank seemed destined for the endangered species list after the meltdown, but a fresh crop of small-bank survivors are eager to fill the void.
May 13 - Connecticut
Naugatuck Valley Financial Corp. in Connecticut has won permission from the Office of Thrift Supervision to convert from a mutual holding company to a 100% stock-owned company.
May 13 - Illinois
Northern Trust Corp. will remain the title sponsor of a top professional golf tournament in Los Angeles at least through 2016.
May 13 -
Northern Trust Corp. will remain the title sponsor of a top professional golf tournament in Los Angeles at least through 2016.
May 13 - California
Tri-Valley Bank in San Ramon, Calif., is looking to raise roughly $7 million in a private placement that the bank said it would use to support growth and boost its capital levels.
May 13 -
Tri-Valley Bank in San Ramon, Calif., is looking to raise roughly $7 million in a private placement that the bank said it would use to support growth and boost its capital levels.
May 13 - New York
Suffolk Bancorp in Riverhead, N.Y., has announced that it may need to restate earnings for several quarter after identifying weaknesses in its methodology for calculating loan losses.
May 13 -
Suffolk Bancorp in Riverhead, N.Y., has announced that it may need to restate earnings for several quarter after identifying weaknesses in its methodology for calculating loan losses.
May 13 - Texas
ViewPoint Financial Group Inc. in Plano, Texas, said Thursday that Gary Base, its longtime president and chief executive, will retire at the end of the year.
May 12 - Montana
Mounting problems in construction lending have forced NASB Financial Inc. in Grandview, Mo., to restate earnings for its fiscal first quarter and delay reporting second-quarter earnings.
May 12 -
Farm Credit System lenders have finally won permission from their regulator to bid on the assets of failed banks.
May 12 -
The Small Business Administration has named 15 individuals from the worlds of business, academia, economic development and politics to a newly created council that will advise the SBA on ways to stimulate economic growth in low-income areas and better serve disadvantaged communities.
May 12 -
ViewPoint Financial Group Inc. in Plano, Tex., has announced that longtime President and Chief Executive Officer Gary Base will retire at the end of this year.
May 12 -
Mounting problems in its construction loan portfolio have forced NASB Financial Inc. in Grandview, Mo., to restate earnings for its fiscal first quarter and delay reporting its second-quarter earnings.
May 12 - Mississippi
Trustmark Corp. in Jackson, Miss., said Tuesday that Daniel Grafton has become chairman of both the company and Trustmark Bank.
May 11 - Pennsylvania
F.N.B. Corp. in Hermitage, Pa., plans to sell 4.5 million shares of common stock to raise capital. The $9.8 billion-asset company said late Tuesday that the offering is being held in conjunction with its inclusion in the Standard & Poor's SmallCap 600 index after the market closes Friday.
May 11 - Virginia
First National Corp. in Strasburg, Va., has hired a veteran banker, Scott Harvard, as its chief executive. Harvard, the chairman of the Federal Home Loan Bank of Atlanta, is also the CEO of the First Bank unit of First National.
May 11 - New Jersey
The activist investor Richard Lashley believes that the mutual holding company structure should be extinct and that all mutuals should operate as fully public companies.
May 11 - Alabama
Alliant Financial Corp. in Birmingham, Ala., said Tuesday that it has hired a former BankUnited Corp. officer to become the chief executive of its bank.
May 10 - Pennsylvania
First Commonwealth Financial Corp. in Indiana, Pa., on Tuesday restated its first-quarter earnings downward. With the restatement the $5.8 billion-asset company's earnings were 23% lower, at $5.2 million.
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