Community banking
Community banking
- South Carolina
Coastal Banking Co. of Beaufort, S.C., reported late Friday that its net loss shrank to $2.3 million in the fourth quarter from $11.9 million a year earlier.
March 21 - Mississippi
Hancock Holding Co. in Gulfport, Miss., said Monday that it began a $200 million public offering that would help it redeem an acquisition target's Treasury Department funds.
March 21 - Missouri
Centrue Financial Corp. of St. Louis late Friday reported a wider fourth-quarter loss of $39.2 million, largely as a result of a charge from goodwill impairment and a deferred tax asset adjustment.
March 21 - Oregon
Data on failed banks sold in the first 10 weeks of the year hints at a broader shift toward buyers going it alone.
March 21 - Texas
Groups affiliated with Gerald J. Ford and Robert M. Bass have agreed to put money into troubled thrift SWS Group in Dallas.
March 21 - Florida
Stonegate Bank in Fort Lauderdale, Fla., has completed its acquisition of Southwest Capital Bank of Fort Myers, Fla.
March 20 - Illinois
Old Second Bancorp Inc. in Aurora, Ill., said its bank expects further regulatory scrutiny after it was unable to fully comply with a memorandum of understanding.
March 18 - New Jersey
Sun Bancorp Inc. in Vineland, N.J., should have an additional $70 million of capital in its coffers this week, although the new money will come at a discount.
March 18 - Virginia
NASA Federal Credit Union is making arrangements to offer members skip-a-payment loans and other relief in case the continuing budget impasse in Congress causes a federal government shutdown.
March 18 - Massachusetts
Central Bancorp Inc. in Somerville, Mass., has added a banking veteran to its board. Gerald Mulligan will also be a director at Central's unit Central Co-Operative Bank, the $512.3 million-asset company said in a press release Friday.
March 18 - Michigan
Macatawa Bank Corp. in Holland, Mich., is asking its shareholders to approve a hefty increase in the number of authorized shares of common stock.
March 18 - Florida
Another banking company is moving forward with raising capital: 1st United Bancorp Inc. in Boca Raton, Fla., announced plans to sell $32.5 million of common stock.
March 18 -
An increasing number of banking companies are exploring ways around a tax code provision that has constricted past capital infusions.
March 18 - North Carolina
Southern Community Financial Corp. said Thursday that it has formed a small-business division. The Winston-Salem, N.C., company will place a small-business banker in all 22 branches.
March 17 - Georgia
United Community Banks Inc. in Blairsville, Ga., is emerging from its credit woes with plans announced late Wednesday to raise $380 million.
March 17 -
Bankers are divided over the seriousness of a provision in the Dodd-Frank Act that would repeal Regulation Q and allow banks to pay rates for demand deposits.
March 17 - Georgia
United Community Banks Inc. said late Wednesday that it is raising $380 million through a private placement with an affiliate of Corsair Capital LLC and a group of institutional investors.
March 17 -
A technology subsidiary of the holding company Rurban Financial Corp. must improve its capital position and strengthen operational oversight under a consent order with the Federal Reserve Board.
March 16 -
Rates for deposits have plummeted in recent years in several states that used to be among the hottest for yields in the nation.
March 16 - New Jersey
A pair of community banks have reduced the Treasury Department's ownership stake in their companies.
March 16


