Community banking
Community banking
- Florida
First National Bank of the Gulf Coast in Naples on Friday sold the first $40 million of common stock under a planned $148 million private placement.
April 29 - Tennessee
Battered by problem loans, Tennessee Commerce said it lost $3.2 million in the first quarter. By comparison, the company earned $553,000 in the fourth quarter of 2010.
April 29 - New York
Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.
April 29 -
Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.
April 29 -
Amid weak demand for advances from member banks, total assets at the Federal Home Loan banks slipped to $848.7 million at March 31, down 3% from three months earlier.
April 29 -
Battered by problem loans, Tennessee Commerce said it lost $3.2 million in the first quarter. By comparison, the company earned $553,000 in the fourth quarter of 2010.
April 29 -
Valley National Bancorp in Wayne, N.J., is buying the $1.6 billion-asset State Bancorp in Jericho, N.Y., for $222 million in stock, or 1.85 times State's tangible book value.
April 29 - Michigan
Citizens Republic Bancorp Inc. in Flint, Mich., reported a loss of $68.7 million in the first quarter, a marked improvement over the $106 million it lost in the last quarter of 2010.
April 28 -
The Federal Reserve Board this week announced enforcement actions against three banks.
April 28 - Georgia
United Community Bancshares Inc. in Blairsville, Ga., has not reported a profitable quarter since mid-2008, but its chief executive said Thursday that he expects that to change starting this quarter.
April 28 - Michigan
Things might be improving for Flagstar Bancorp Inc. in Troy, Mich., despite recording its eleventh straight quarterly loss on Wednesday.
April 28 -
As one of the 14 mortgage servicers directed by regulators to tighten foreclosure practices, EverBank may be forced to delay its IPO — which in turn casts doubts on its growth strategy.
April 28 - New York
Amalgamated Bank in New York has named Edward Grebow, a former private-equity firm executive, as its president and chief executive.
April 28 - Pennsylvania
Abington Bancorp Inc. in Jenkintown, Pa., has settled a shareholder lawsuit alleging that officers and directors had breached their fiduciary duty when they agreed to sell the company to Susquehanna Bancshares Inc. for $273 million in stock.
April 28 -
United Community Bancshares in Blairsville, Ga., has not reported a profitable quarter since mid-2008, but its CEO said Thursday he expects that to change starting this quarter.
April 28 - Louisiana
Iberiabank Corp. in Lafayette, La., reported Tuesday that first-quarter earnings rose 12.6% from a year earlier, to $14.6 million, despite $1 million in acquisition costs.
April 27 - Texas
Cullen/Frost Bankers Inc. in San Antonio said Wednesday that first-quarter earnings rose 8.6% from a year earlier, to $52 million.
April 27 - New York
Sterling Bancorp said the Treasury Department has approved its exit from the Troubled Asset Relief Program. On Wednesday Sterling redeemed all $42 million of preferred stock tied to Tarp.
April 27 - Texas
First Financial Bankshares Inc. in Abilene, Texas, is planning a three-for-two split of its common stock. The $3.83 billion-asset company said the split will take the form of a 50% stock dividend, which it will distribute on June 1 to shareholders of record on May 15.
April 27 - North Carolina
Put two ailing banks together and conventional wisdom dictates you might have twice the problems. You might also have a very attractive target for private equity.
April 27



