Community banking
Community banking
- Texas
First Financial Bankshares Inc. in Abilene, Texas, has closed its $22.2 million acquisition of Sam Houston Financial Corp. The purchase includes Sam Houston's banking subsidiary, First State Bank in Huntsville.
November 2 - California
Green Bank in Houston said Tuesday that it has completed the purchase of certain assets in Texas of the failed La Jolla Bank.
November 2 -
The Northeast has emerged as a hotbed of community bank M&A — and the non-distressed kind, with a growing number of deals among small, healthy institutions at premium prices.
November 2 - Georgia
A group of private-equity investors has agreed to inject $200 million of fresh capital into Brand Group Holdings Inc. in Lawrenceville, Ga., the company announced Monday.
November 1 - Indiana
Integra Bank Corp. said Monday that its banking subsidiary will not meet a Nov. 10 regulatory deadline to raise capital but that it has not stopped trying.
November 1 -
Mark Hoppe, the president and chief executive of Taylor Capital Group, waited 991 days for a profit. This past quarter his company delivered, earning $33.4 million.
November 1 - New Jersey
Losses at Sun Bancorp Inc. in Vineland, N.J., swelled in the third quarter, to $75.3 million, from $6.5 million a year earlier.
October 29 - Colorado
The $2.2 billion-asset company announced Friday that it had entered into definitive agreements for $103 million, with $9 million coming from Henry "Ric" Duques, the controlling owner of Legent Group LLC, the parent of Legent Clearing LLC.
October 29 - Florida
CenterState Banks Inc. in Winter Haven, Fla., said it has received approval to consolidate three of its subsidiary banks into a single charter.
October 29 - Ohio
First Place Financial Corp. of Warren, Ohio, said a regulatory examination was behind its decision to postpone the release of its results for its fiscal first quarter, which ended Sept. 30.
October 29 - Washington
The $1.5 billion-asset AmericanWest last week announced the sale of its banking subsidiary to a heavily capitalized investor group, SKBHC Holdings LLC, in a bankruptcy court bidding procedure.
October 29 -
The National Credit Union Administration is back in the market, this time with $2.82 billion of guaranteed securities backed by commercial mortgages.
October 29 - New Jersey
Saddle River Valley Bancorp in New Jersey has a new private-equity owner. The $82.8 million-asset company announced Thursday that SRV Holdings Inc. — an investment vehicle of the New York private-equity firm J.C. Flowers & Co. — has bought a controlling interest in Saddle River Valley. Though the companies did not disclose terms, a spokesman said SRV purchased a 50.5% stake, with the expectation that it would invest additional funds in the future.
October 28 - California
Hanmi Financial Corp. of Los Angeles said Thursday that its net loss improved in the third quarter and its bank returned to a well-capitalized regulatory standing.
October 28 - Georgia
United Community Banks Inc. in Blairsville, Ga., reported a net loss of $239 million for the third quarter, which it attributed primarily to a major goodwill impairment charge.
October 28 - Michigan
All that's standing between Flagstar Bancorp Inc.'s past as a troubled mortgage lender and a potential future as a full-service community bank is $1.1 billion of problem loans.
October 28 - Georgia
The Federal Reserve Board issued three enforcement actions against community banks and their holding companies on Thursday.
October 28 - California
Cathay General Bancorp of Los Angeles had income of $17.3 million for the third quarter compared with a net loss of $17.7 million a year earlier.
October 27 - Illinois
Wintrust Financial Corp. in Lake Forest, Ill., on Wednesday reported earnings of $20.1 million for the third quarter, as interest income rose and its loan-loss provision fell dramatically.
October 27 - Ohio
First Place Financial Corp. in Warren, Ohio, has pushed back the release of results for its fiscal first quarter. The $3.1 billion-asset company was expected to release results for the quarter that ended Sept. 30 after the market closed Tuesday, but instead issued a brief press release saying that the report, along with a conference call with investors scheduled for Wednesday, had been postponed.
October 27


