Community banking
Community banking
- New York
Sterling Bancorp in New York reported Tuesday that first-quarter earnings rose 71% from a year earlier, to $3.3 million. The $2.39 billion-asset company's loan-loss provision was halved from the first quarter of 2010, to $3 million.
April 26 - Mississippi
BancorpSouth Inc. in Tupelo, Miss., reported a first-quarter loss because of higher credit costs and a decline in mortgage-related revenue.
April 26 - Arizona
Vensure Federal Credit Union in Mesa, Ariz., taken under conservatorship by the National Credit Union Administration two weeks ago, claimed that the NCUA knew all along that it was processing online bets for the two biggest poker websites.
April 26 -
"Capital at the bank has been extremely consistent quarter after quarter," Levan notes. But now with the parent company's equity position negative, time is running out on BankAtlantic.
April 26 - Missouri
UMB Financial Corp. in Kansas City, Mo. reported earnings of $30.9 million in the first quarter, up 17.9% from a year ago, as noninterest income soared following the acquisition of two advisory firms last year.
April 26 - New York
Fueled by strong loan growth and record deposit growth, Signature Bank in New York is coming off its most-profitable quarter in its 10-year history.
April 26 -
Where is the threat to the survival of independent community banks — other than increased opportunity to sell out at higher prices, which will continue to make many disappear?
April 26 - California
Shares of Wilshire Bancorp plunged early Tuesday after the Los Angeles company announced that it lost $52.1 million, or $1.77 per share, in the first quarter.
April 26 - Illinois
Building on its strong second half of 2010, PrivateBancorp in Chicago started 2011 with its third straight profitable quarter.
April 26 -
Shares of Wilshire Bancorp plunged early Tuesday after the Los Angeles company announced that it lost $52.1 million, or $1.77 per share, in the first quarter.
April 26 -
BankAtlantic, which holds $4.2 billion in assets, reported an $8.7 million equity deficit as of the end of the first quarter.
April 25 -
- Montana
Great Falls Teachers Federal Credit Union in Montana on Monday said it is offering a new payday loan that offers up to $500 regardless of credit history.
April 25 - Michigan
First Michigan Bancorp has changed the name of its bank to reflect its growing geography across the Midwest. The company on Monday said it had renamed the unit Talmer Bank and Trust.
April 25 - California
First-quarter earnings at SVB Financial Group in Santa Clara, Calif., nearly doubled from a year earlier, to $33 million, largely because of a release of loan-loss reserves.
April 25 - Illinois
Unsuccessful in its efforts to raise fresh capital and already operating under multiple enforcement orders, embattled Mercantile Bancorp could be on the verge of failure.
April 25 - Texas
After making two major acquisitions in as many months, Community Bancorp LLC says it's in no hurry to spend the rest of its war chest.
April 25 - Arizona
For the first time in three years, the three banks of Western Alliance Bancorporation in Phoenix all turned a profit in the first quarter.
April 25 - Maryland
To close on a $36.4 million injection from Priam Capital Fund I LP, 1st Mariner Bancorp must raise another $123.6 million — and part ways with Edwin Hale Sr., the company's founder, chairman and chief executive.
April 21 - Pennsylvania
National Penn Bancshares Inc. in Boyertown, Pa., reported a big increase in profits on Thursday, which it attributed largely to improved credit.
April 21


