Community banking
Community banking
- Pennsylvania
Northwest Bancshares Inc. in Warren, Pa., said Tuesday that it is closing its Florida operation. The $8.1 billion-asset company said its board had authorized the closing of its three Florida branches.
January 25 - New York
Signature Bank in New York said Tuesday that it had earned $30.3 million in the fourth quarter, up 44% from a year earlier.
January 25 - California
Nara Bancorp Inc. in Los Angeles has reported earning $5 million in the fourth quarter, compared with a loss a year earlier.
January 25 -
Community banks are still regaining their footing, but a little-known provision in the Dodd-Frank Act could help them find opportunities once they are ready to grow again.
January 25 -
The number of community banks has already been cut in half and it's no stretch to imagine that total being halved again in coming years. The question for policymakers is does this matter?
January 25 - Mississippi
Britton & Koontz Capital Corp. in Natchez, Miss., reported a fourth-quarter profit despite a rise in nonperforming assets.
January 24 - California
Sierra Bancorp in Porterville, Calif., reported a dip in fourth-quarter earnings that it attributed Monday to bigger losses associated with foreclosed properties.
January 24 - North Carolina
The State Employees' Credit Union in Raleigh, N.C., started an estate planning and will preparation pilot program last week.
January 24 - Georgia
Fidelity Southern Corp. in Atlanta returned to full-year profitability after earning $3 million in the fourth quarter. The $1.91 billion-asset company lost $3.9 million in 2009 but earned $10.1 million last year.
January 24 - Virginia
Virginia Heritage Bank in Fairfax reported $1.3 million of fourth-quarter net income, an 86.5% increase from a year earlier.
January 24 - Illinois
Wintrust Financial Corp. in Lake Forest, Ill., said Monday that its fourth-quarter earnings fell 50% from a year earlier, to $14.2 million.
January 24 - Hawaii
The $13.1 billion-asset company said Monday that its earnings were up slightly from a year earlier, to $40.6 million, or 84 cents a share.
January 24 - California
Pacific Commerce Bank in Los Angeles said Monday that it raised $5 million in a private placement this month.
January 24 -
The Cincinnati company will provide services including debit card processing, automated teller machine driving, fraud protection and card production to First New Mexico Bank of Deming, N.M.; Valley Bank of Commerce in Roswell, N.M.; and First State Bank of Mesquite, Texas. First New Mexico has 13 ATMs, Valley Bank has two ATMs and First State Bank has four ATMs.
January 24 - Colorado
With regulators catching flak for taking too long to close "zombie" institutions, the failure of United Western Bank seemed atypically quick.
January 24 - Hawaii
First Hawaiian Bank said Friday that its fourth-quarter earnings rose 4% year over year, to $50.2 million. For the full year loans at the Honolulu company grew 3.3%.
January 23 - Georgia
Colony Bankcorp Inc. in Fitzgerald, Ga., is closing in on break-even quarterly results. The $1.3 million-asset company on Friday reported a fourth-quarter loss of $47,000, compared with a $14.6 million loss a year earlier.
January 23 - Georgia
Despite having private-equity commitments, the $2 billion-asset United Western Bank in Denver failed Friday. Regulators also closed banks in the Carolinas and Georgia.
January 21 -
Despite having private-equity commitments, the $2 billion-asset United Western Bank in Denver failed Friday. Regulators also closed banks in the Carolinas and Georgia.
January 21 - Pennsylvania
F.N.B. Corp. in Hermitage, Pa., promoted a company insider to president. Vincent Delie Jr. was also named the chief executive of First National Bank, the $9 billion-asset company said Thursday.
January 21




