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Community banking

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  • 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
  • Mississippi

    Third-quarter net income at Trustmark Corp. in Jackson, Miss., rose 1.4% year over year, to nearly $25.9 million. The $9.4 billion-asset Trustmark had aggressively reduced problem loans, resulting in higher chargeoffs yet a lower loan-loss provision.

    October 27
  • Massachusetts

    Nearly two years after hiring CEO Paul Perrault, known for his acquisitiveness, the capital-heavy Brookline announced Wednesday that it would buy another Massachusetts company, First Ipswich Bancorp, for $19.7 million.

    October 27
  • Illinois

    PrivateBancorp Inc. in Chicago returned to the black in the third quarter. The $12.5 billion-asset company reported Tuesday that it earned $4.5 million, compared with a loss of $818,000 in the second quarter and a loss of $31.2 million a year earlier.

    October 26
  • Georgia

    Ameris Bank is one of the few homegrown banks in Georgia to have bid successfully on multiple failed banks. That's especially notable given that Ameris, which on Friday made its fourth failed-bank purchase in the past year, has had eight consecutive quarters of net losses largely owing to credit deterioration in real estate-related loans.

    October 26
  • California

    Nara Bancorp Inc. of Los Angeles swung to a $4 million profit in the third quarter, a 37% improvement from a year earlier, after selling a pool of problem loans.

    October 26
  • Louisiana

    After a brief return to profitability in late 2009, Whitney Holding Corp. in New Orleans has reported another losing quarter.

    October 26
  • Pennsylvania

    S&T Bancorp Inc. in Indiana, Pa., said Monday that its third-quarter earnings rose 41% year over year, to $10.9 million, on an increase in noninterest income.

    October 25
  • Hawaii

    Bank of Hawaii Corp. in Honolulu said Monday that its third-quarter earnings rose 20% from a year earlier, to $44.1 million, as a reduction in credit costs and an increase in mortgage banking revenue offset lower interest income.

    October 25
  • Michigan

    Chemical Financial Corp. in Midland, Mich., on Monday reported that its third-quarter profit rose 255% from a year earlier, to $8.9 million, as credit costs declined and it began recognizing the benefits of a recent acquisition.

    October 25
  • Maryland

    Eagle Bancorp has increased the size of its banking unit, EagleBank, by 33% in the past year — and logged seven consecutive quarters of record profits, including this past quarter.

    October 25