Community banking
Community banking
- New York
First of Long Island Corp. in Glen Head, N.Y., said Monday that 2010 earnings increased 36.6%, to $18.4 million. The $1.7 billion-asset company also said earnings per share increased 25% for the year, to $2.30 from $1.84 in 2009.
January 31 - Maryland
First Mariner Bancorp in Baltimore said Monday it had a fourth-quarter a net loss of $33.4 million after reducing the value of some deferred-tax assets.
January 31 - Florida
PNC appears to be willing to pay up to expand on Florida's west coast, entering into a deal to buy 19 branches and $350 million of deposits from BankAtlantic at a 10% premium.
January 31 -
The same securities once used to boost capital at most bank holding companies have moved to the forefront of prospective buyers' questions in acquisitions or capital raises, bank attorneys said.
January 31 -
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January 31 -
BankAtlantic Bancorp said Monday that PNC Financial Services Group has agreed to buy 19 of its Florida branches and $350 million in associated deposits.
January 31 -
A price tag for the deal, but BankAtlantic said PNC has agreed to pay a premium for the approximately $350 million associated with the branches plus two related facilities.
January 31 - New Mexico
Regulators closed four banks late Friday, including the largest based in New Mexico, resulting in over $500 million of losses to the Deposit Insurance Fund.
January 28 - Illinois
MB Financial Inc. in Chicago earned $595,000 in the fourth quarter, compared with a loss $12.4 million a year earlier, as net interest income grew and credit costs subsided.
January 28 - New York
Sterling Bancorp in New York said its net income grew 75% in the fourth quarter, from a year earlier, as noninterest income grew and credit costs declined.
January 28 - Montana
Glacier Bancorp Inc. in Kalispell, Mont., said its quarterly net income was flat from a year earlier as lower interest income offset a dip in the loan-loss provision.
January 28 - California
Banking companies were not alone in reporting improved 2010 financial results. A growing number of big, troubled credit unions are also reporting positive income for last year, and others are slashing their losses, more proof of an improving economy.
January 28 - Pennsylvania
Tower Bancorp Inc. in Harrisburg, Pa., announced last week that nine directors resigned as part of a plan to streamline its board.
January 28 - Virginia
The Federal Reserve Board said Thursday that it had issued a prompt-corrective-action order to Virginia Business Bank in Richmond.
January 28 - Florida
The Florida company, which was bought in May 2009 by private investors, raised $783 million in its initial public offering, more than 18% than what it initially expected.
January 28 - Illinois
Taylor Capital Group Inc. in Rosemont, Ill., might have its arms around its commercial real estate problems, but other banks' CRE problems are weighing it down.
January 28 -
Regulators closed four banks late Friday, including the largest based in New Mexico, resulting in over $500 million of losses to the Deposit Insurance Fund.
January 28 -
BankUnited of Miami Lakes, Fla., has hired Kristina D. Moylan as a vice president and business banker.
January 28 -
S&T Bancorp Inc. of Indiana, Penn., has promoted David Ruddock to senior executive vice president and chief administration officer and Robert Boscarino and Joe Tosh to senior vice president of its S&T Bank.
January 28 -
BankUnited raised $783 million in its initial public offering, more than 18% than what it initially expected.
January 28



