Community banking
Community banking
- 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 - New York
Community Bank System Inc. of DeWitt, N.Y., which has been quiet in mergers and acquisitions the past few years, has reverted to form with its most expensive deal to date.
October 25 - Massachusetts
Seven banks failed Friday, bringing the total number of failures this year to within one of the number of failures in all of 2009. So far 139 banks have failed in 2010. Friday's failures are expected to cost the deposit insurance fund a collective $478 million.
October 22 - Oregon
West Coast Bancorp in Lake Oswego, Ore., reported net income Friday of $6.1 million in the third quarter, making it the company's first profitable quarter in more than two years.
October 22 - Montana
Glacier Bancorp Inc. in Kalispell, Mont., said it earned $9.4 million in the third quarter, compared with a $1.5 million loss a year earlier, as its loan-loss provision declined and noninterest income grew.
October 22 - Georgia
Fidelity Southern Corp. in Atlanta has reported third-quarter earnings of $2.1 million, a 425% improvement from a year earlier, and says that most of its problems are behind it.
October 22 - Georgia
Heritage Financial Group in Albany, Ga., announced Friday that it has received conditional approval from the Office of Thrift Supervision to complete its second-step conversion and become a full stock company.
October 22 - Illinois
MB Financial Inc. in Chicago on Friday posted a third-quarter loss of $5.4 million compared with earnings of $4.9 million a year earlier and blamed continued high credit costs.
October 22 - Pennsylvania
Beneficial Mutual Bancorp Inc. in Philadelphia reported a $21.7 million third-quarter loss Friday, compared with net income of $5.8 million a year earlier, after a spike in its loan-loss provision.
October 22 - Oklahoma
Dozens of community banks are pushing hard to close acquisitions in the next few months because completing a deal could become much more costly in 2011.
October 22


