Community banking
Community banking
- Indiana
Integra Bank Corp. in Evansville, Ind., has started trading on the Nasdaq Capital Market because of its long-depressed share price.
January 3 - Florida
Florida Shores Bank in Venice said Monday that it had raised $8 million of capital after spending six months courting investors.
January 3 - Georgia
United Community Banks Inc. in Blairsville, Ga., is deferring interest payments on its trust-preferred securities at the urging of the Federal Reserve.
January 3 -
The universe of hybrid mutuals — banks owned in part by shareholders but mostly by a mutual holding company — began shrinking last year as concerns grew over a new regulator and a prospective need for more capital.
January 3 -
Dave Colby, chief economist at CUNA Mutual Group, said the economy is teetering, as consumers continue to deleverage. He projected 2% to 3% credit union ...
January 3 -
If banks periodically follow these guidelines to revise their plans and adjust their cost structures, they will be ready to respond to almost all evolving market conditions.
January 3 - Wisconsin
Several banks rushed to repay investments under the Troubled Asset Relief Program in December, but hundreds head into the new year desperate for an exit strategy, even if it means selling.
December 30 - California
North Valley Bancorp in Redding, Calif., announced that it has completed a 1-for-5 reverse stock split.
December 30 - Iowa
Heartland Financial USA Inc. in Dubuque, Iowa, is combining the charters of two banks.
December 30 - California
Santa Lucia Bancorp in Atascadero, Calif., which is operating under a written agreement with the Federal Reserve, has brought back a former president and chief executive to help it work through credit problems.
December 30 - Illinois
First Busey Corp. in Champaign, Ill., has announced plans to raise almost $86 million in capital by selling common stock and preferred shares.
December 30 -
Several banks rushed to repay investments under the Troubled Asset Relief Program in December, but hundreds head into the new year desperate for an exit strategy, even if it means selling.
December 30 -
Baylake Corp. in Sturgeon Bay, Wis., said Thursday that it had entered into a written agreement with the Federal Reserve requiring it to build capital, improve earnings and reduce nonperforming assets.
December 30 -
Royal Bancshares of Pennsylvania Inc. said Thursday that it has finally sold Royal Asian Bank.
December 30 -
The Treasury Department announced six financial firms repaid funds they received in the government's Wall Street bailout, delivering $626 million to taxpayers.
December 30 -
- Michigan
The $4.2 billion-asset company plans to ask its shareholders, who have seen their stock drop 78% in value in the past year, to increase the number of authorized shares to 1.5 billion from 50 million at a meeting in late January.
December 29 - Illinois
The $709.2 million-asset company said last week that James Miller would retire on Feb. 4 and that it would launch a search to find his successor. Miller has been with Princeton National since 1979.
December 28 - Kentucky
The $1.9 billion-asset company said in a Monday press release that Richard Northern, a corporate lawyer in the Louisville office of Wyatt, Tarrant & Combs, will join the board on Jan. 18.
December 28 - Indiana
Another banking company plans to exit the Troubled Asset Relief Program after 1st Source Corp. of South Bend, Ind., said it received approval to repurchase preferred shares it issued two years ago.
December 28





