Community banking
Community banking
- Louisiana
Members of Louisiana Corporate Credit Union would not be required to obtain new capital after their corporate institution is merged into Corporate America Credit Union, under preliminary plans announced by the two corporates.
January 21 - Indiana
Improved credit helped 1st Source Corp. in South Bend, Ind., more than double fourth-quarter earnings from a year earlier.
January 21 - Tennessee
Tennessee Commerce Bancorp Inc. in Franklin said its fourth-quarter earnings fell 56% from a year earlier, to $553,000, as noninterest expenses increased.
January 21 - Texas
Prosperity Bancshares Inc. in Houston earned $32.8 million in the fourth quarter, up 7.3% from a year earlier, as credit costs subsided significantly, it said Friday.
January 21 - Pennsylvania
Codorus Valley Bancorp Inc. in York, Pa., reported a slight dip in fourth-quarter earnings compared to a year earlier.
January 21 - California
SVB Financial Group in Santa Clara, Calif., said that Ken Wilcox will step down as its chief executive to focus more on the company's global expansion.
January 21 - Florida
The latest nixed deal, between Florida Bank Group Inc. in Tampa and Anderen Financial Inc. in Palm Harbor, brought the issue to the fore when the companies said last week that regulators are hesitant to approve "expansionary" deals.
January 21 -
The $4.2 billion-asset company said that, after failing to comply with minimum market capitalization and stock price rules, its shares would no longer trade on the NYSE.
January 21 -
Less than two months after completing two small acquisitions, People's United in Bridgeport, Conn., has struck again with a $493 million deal for Danvers Bancorp.
January 21 -
People's United CEO Jack Barnes said Danvers complements his company's footprint from central Massachusetts through Boston and into New Hampshire.
January 20 - Kentucky
Fourth-quarter earnings at Republic Bancorp Inc. in Louisville, Ky., were up 15% from a year earlier, to $4.4 million as credit costs fell.
January 20 - Virginia
Virginia Commerce Bancorp Inc.'s fourth-quarter earnings rose, but fell short of analysts' expectations.
January 20 - New York
The Federal Reserve Board said Thursday it reached a written agreement with Intervest Bancshares Corp. of New York.
January 20 -
Several banks of varying sizes in California and Oregon released loan-loss reserves during the fourth quarter as chargeoffs finally began to exceed provisions.
January 20 -
Doubts that the carveout for small banks will shield their revenues abide, and one index signals little investor confidence in a relative advantage.
January 20 - Virginia
The president and chief executive of Pinnacle Bankshares Corp. in Altavista, Va., is retiring. Robert Gilliam Jr., will leave in a "midyear 2011 time frame," the $303.5 million-asset company said Tuesday in a press release.
January 19 - Pennsylvania
Fourth-quarter earnings at Fulton Financial Corp. in Lancaster, Pa., improved from a year earlier in part because of higher mortgage income and a lower loan-loss provision.
January 19 - Massachusetts
Century Bancorp Inc. in Medford, Mass., earned $13.6 million in 2010, boosting net income 33.6%. Fourth-quarter net income at the $2.4 billion-asset company rose 27.2% from a year earlier, to $3.9 million. The results were announced Tuesday.
January 19 - Mississippi
Hancock Holding Co. in Gulfport, Miss., reported late Tuesday that its net income increased nearly 28% in the fourth quarter from a year earlier.
January 19




