Community banking
Community banking
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Recently released terms of the Small Business Lending Fund are fueling fears that may discourage participation in the program.
January 6 - Maryland
CapitalSource Inc. may not be drowning, but that isn't stopping the Chevy Chase, Md., finance company from looking for help.
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CapitalSource, a commercial lender to small and medium-sized businesses with a market value of $2.4 billion, has hired a financial adviser to explore a potential sale.
January 6 - North Carolina
Carolina Trust Bank in Lincolnton, N.C., raised $6.3 million after selling 2.1 million shares of common stock.
January 5 - Pennsylvania
First Commonwealth Financial Corp. in Indiana, Pa., has named a company insider to become its chief risk officer.
January 5 - Arizona
Capitol Bancorp Ltd., which has headquarters in Lansing, Mich., and Phoenix, has commenced an exchange offer to holders of its trust-preferred securities.
January 5 - Iowa
A land deal in Iowa City, involving the city and a credit union is the focus of a legal battle.
January 5 - Florida
BankFirst of Winter Park, Fla., has agreed to acquire Commercial Bancorp Inc. of nearby Ormond Beach.
January 5 - Connecticut
Webster Financial Corp. in Waterbury, Conn., said it had given more responsibilities to its chief financial officer, Gerald Plush.
January 5 - West Virginia
United Bankshares Inc. in Charleston, W.Va., said it expects a $15 million insurance claim payment to help lift its fourth-quarter earnings.
January 5 - Washington
Rarely is bankruptcy court a welcome detour, but more struggling banks may take it to overcome debtholders blocking their recapitalization efforts.
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Today most of the people working in financial services are "good bankers." But public opinion and media coverage of the worst of our industry has reflected on everyone.
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Technology doesn't slant the playing field. It levels it. In our industry, technology and pricing are actually the simplest things to copy. Over time, they do not differentiate.
January 5 -
- Indiana
Several companies kicked off 2011 by completing acquisitions.
January 4 - Texas
Independent Bank of Austin said Tuesday that it has changed its legal name to I Bank Texas. The $156.8 million-asset company, which is based in Lakeway, was created in 2005. A website was also developed to reflect the new name.
January 4 - Massachusetts
A group of banks and credit unions are leveraging federal stimulus money to create a nearly $8 million fund to provide energy-efficient retrofitting to historic buildings in Lowell, Mass.
January 4 - California
Hanmi Financial Corp.'s recapitalization agreement with Woori Finance Holdings Co. Ltd. remains in place despite passing a Dec. 31 deadline.
January 4 - Arkansas
Home BancShares Inc. in Conway, Ark., expects a spike in its loan-loss provision when it reports fourth-quarter results.
January 4 - Delaware
Maryland is trying to make a bigger name for itself with lenders pinching every penny they can, by promoting its lower taxes and better protection for directors.
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