Community banking
Community banking
- Illinois
WASHINGTON — Regulators seized the $124 million-asset Valley Community Bank in St. Charles, Ill., late Friday in the 23rd bank failure of the year.
February 28 - Michigan
Michigan First Credit Union, the latest credit union to launch a Young & Free marketing campaign, is searching for a "spokester." The Young & Free campaign was designed by Currency Marketing of Chilliwack, British Columbia.
February 26 - Florida
BankAtlantic Bancorp must raise more capital, limit the growth of its brokered deposits and make other improvements under an agreement with the Office of Thrift Supervision.
February 26 - Georgia
Heritage Financial Group Inc. of Albany, Ga., said Friday that it has shuffled its management and brought on a new executive to further its expansion strategy.
February 26 -
Though more information is a step in the right direction, analysts said, the discretion given banks in satisfying the rules may undermine attempts at transparency.
February 25 -
WASHINGTON — Regulators seized the $124 million-asset Valley Community Bank in St. Charles, Ill., late Friday in the 23rd bank failure of the year.
February 25 -
BankAtlantic will have to raise more capital, limit the growth of its brokered deposits and make other improvements under an agreement with the Office of Thrift Supervision.
February 25 - Delaware
Wilmington Trust Corp. said Thursday that a unit has entered into a supervisory agreement with regulators requiring it to boost capital and reduce bad loans.
February 24 - Virginia
Pentagon Federal Credit Union in Alexandria, Va., has announced that it plans to open at least 10 PenFed Realty offices, boosting employment by up to 1,000 agents by yearend.
February 24 - Georgia
United Community Banks Inc. in Blairsville, Ga., said Thursday that its board has adopted a tax benefits preservation plan to protect the company from any unintended ownership change.
February 24 - North Carolina
Crescent Financial Corp. in Raleigh, N.C., said late Wednesday that it is selling a majority stake to a bank holding company in return for a $75 million investment.
February 24 - Louisiana
Iberiabank Corp.'s agreement to buy the much smaller Omni Bancshares in Metairie, La., would the Lafayette, La., bank's first deal in Louisiana in seven years and its first unassisted bank purchase since 2007.
February 24 -
Diebold Inc. announced Thursday that Union Square Federal Credit Union has chosen it for monitoring and other services.
February 24 -
Fiserv Inc. said Thursday that Georgia's Own Credit Union in Atlanta will use its Acumen account processing technology.
February 24 -
Southern regional-bank operator Iberiabank said it will buy Omni Bancshares for about $40 million as it looks to bolster its presence in the New Orleans area.
February 24 - California
The $172 million-asset Pacific Valley Bank in Salinas said the Federal Deposit Insurance Corp. and the California Department of Financial Institutions ended the order in mid-January.
February 23 - Florida
With plans to sell its trust division, Bank of Florida Corp. is nearing dissolution.
February 23 - Virginia
On Tuesday, the Fed reported the formal actions it took against $242 million-asset American Bancorp. of Minnesota Inc. in Baxter, $1.2 billion-asset Eastern Virginia Bankshares Inc and its EVB bank unit in Tappahannock, $1.5 billion-asset Marquette Financial Cos. in Minneapolis and $541 million-asset National Bancorp Inc. in Schaumburg, Ill.
February 23 - Colorado
United Western Bancorp Inc., a holding company in Denver that is suing regulators to regain control of its failed thrift, has denied filing a quarterly report with the Office of Thrift Supervision.
February 23 - Florida
Reality is setting in that the state that was among the first to crash during the real estate crisis is likely to be the last to escape.
February 23




