Community banking
Community banking
- Florida
Two days before approving a $175 million investment for TIB Financial Corp. in Naples, Fla., the Federal Reserve entered into a written agreement with the struggling company.
September 22 - New Jersey
Center Bancorp Inc. in Union, N.J., Wednesday set the price of its two stock offerings, through which it expects to raise about $12 million in capital.
September 22 - Minnesota
Recent lawsuits could stop community banks in at least two states from deliberately processing the largest transactions first — a method that triggers additional overdrafts and thus higher fees — after a California judge ruled against Wells Fargo & Co. last month.
September 22 -
Companies are in business to stay in business, and it's a huge conflict of interest to ask them to come up with their own resolution plans.
September 22 - California
A branch manager at CVB Financial Corp. in Ontario, Calif., has been arrested and charged with embezzling thousands of dollars from customer accounts at its bank unit.
September 21 - Florida
Jacksonville Bancorp Inc. in Florida is raising more capital for its deal to acquire hometown rival Atlantic BancGroup Inc.
September 21 - Illinois
Few would argue that it's tough to own a community bank these days. It can be even more difficult to co-own a struggling bank — fifty-fifty — with another family.
September 21 -
Forward curves suggest continued narrowing between long term and short term rates, along with a continued squeeze on bank margins.
September 21 - Georgia
Regulators tend to prefer that existing banks, not groups of private investors, acquire failed banks, yet Community and Southern, along with State Bank and Trust Co. in Macon, Ga., has been able to put private-equity money to use in FDIC-assisted deals.
September 20 - New Jersey
Jay Sidhu is one step closer to building another regional empire. In an interview Monday, he said a bid for tiny ISN Bank was to gain access to customers in the Garden State.
September 20 - Connecticut
Naugatuck Valley Financial Corp. in Naugatuck, Conn., has amended its merger agreement with Southern Connecticut Bancorp Inc. in New Haven, blaming weakened stock market conditions.
September 20 - Florida
North American Financial Holdings Inc. of Charlotte has received approval to invest $175 million in the struggling TIB Financial Corp. in Naples, Fla.
September 20 -
BankSimple captured imaginations with the idea of low-frills, low-fee banking. Missing? A bank partner with the technological savvy to support the vision. That part's not so simple.
September 20 - Wisconsin
Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.
September 17 - Kentucky
Porter Bancorp Inc. of Louisville, Ky., said Thursday that its shareholders approved several changes related to a stock conversion that will help complete two private placements totaling $31.3 million in capital.
September 17 - California
Security California Bancorp in Riverside has raised $20 million in a private placement of its common stock to refuel its subsidiary, Security Bank of California.
September 17 - Pennsylvania
When Tower Bancorp Inc. of Harrisburg, Pa., acquires First Chester County Corp., it will utilize a provision that lowers the price of the deal if the seller's delinquencies rise. Such provisions have become more common in deals in the Northeast as buyers seek to minimize their risk, but this is the first time a seller has crossed the threshold.
September 17 -
WASHINGTON — Bank turnaround artist Patrick Frawley sealed deals to buy three failed institutions in Georgia on Friday, as regulators shuttered a total of six banks.
September 17 - Oregon
Cascade Bancorp in Bend, Ore., has been given another two weeks to find the additional capital its lead investors are requiring.
September 16 - Pennsylvania
The $355.7 million-asset company in Monessen, Pa., said Thursday that it has sold enough common stock — 1.7 million shares — to complete its conversion from a mutual holding company to a stock holding company.
September 16


