Community banking
Community banking
- Florida
Banco Davivienda of Bogota, was given permission Tuesday to convert a subsidiary already in the U.S., Bancafe International, into an international branch in Miami.
September 8 - Pennsylvania
Republic First Bank in Philadelphia is changing its name — to Republic Bank. The $934 million-asset unit of Republic First Bancorp Inc. announced the change Wednesday, as part of rebranding efforts following the March collapse of its deal to sell itself to Metro Bancorp Inc. of Harrisburg, Pa.
September 8 - Wisconsin
Anchor BanCorp Wisconsin Inc.'s primary regulator has approved, with conditions, its recapitalization plan after it aggressively sold branches and reduced assets to raise capital levels.
September 8 - Florida
The Fort Lauderdale, Fla., company last week filed a registration statement with the Securities and Exchange Commission to raise up to $125 million of common equity this year. BankAtlantic did not disclose when it intends to launch an offering.
September 8 - Ohio
First Federal of Lakewood in Ohio has agreed to acquire a competitor, Century Bank in Parma, Ohio. First Federal, with $1.2 billion of assets, would gain five branches and $135 million of assets from Century Bank.
September 8 -
In the past, a bank making money with plenty of capital and not too many nonperforming loans would automatically get a high management grade. But regulators say that free ride is ending.
September 8 -
There are draconian potential consequences in Regulation Y if an FHC cannot return to well-capitalized and well-managed status within 180 days.
September 8 - Wisconsin
At a time when calculated retreats are becoming more common — and more accepted — Tidelands Bancshares Inc. is a new kind of leader.
September 7 - California
Bay Cities National Bank in Redondo Beach, Calif., said it has investment agreements for $460 million, enough to turn the struggling $273 million-asset bank into a regional institution.
September 7 - California
Pacific Mercantile Bancorp said Tuesday that it has entered into agreements with its regulators to improve credit quality and boost capital.
September 7 -
First National Bank of Omaha is offering a rewards program from Cardlytics that lets customers access merchant offers through First National's FNBO Direct online banking service.
September 7 -
Pacific Mercantile Bancorp said it has reached agreements with state and federal regulators to take actions to address loan performance and improve its operating results while raising capital levels.
September 7 - Texas
The Austin community bank service provider BancVue has purchased the credit card portfolio of the failed Silverton Bank from the Federal Deposit Insurance Corp.
September 3 - Indiana
Indiana Business Bancorp in Indianapolis swung to a loss in the second quarter as its provision spiked. The $89.9 million-asset company reported a loss of $484,678, or 32 cents a share, after reporting net income of $37,907, or 3 cents a share, a year earlier.
September 3 - Virginia
Eastern Virginia Bankshares of Tappahannock said Friday that it is consolidating two branches in King William County.
September 3 - Oklahoma
The $4.6 billion-asset institution, which has acquired more than 20 Oklahoma banks since it opened in 1989, announced its third acquisition deal of the year Thursday.
September 3 - New Mexico
First State Bancorp. in Albuquerque confirmed that its banking subsidiary was in discussions with potential investors about a recapitalization.
September 3 -
Premier Financial Bancorp Inc. has decided that even for community banks that value local identity, bigger might just be better.
September 3 - Pennsylvania
Donegal Financial Services Corp. and Union National Financial Corp. said they have amended their acquisition agreement after Donegal Financial's stock price fell $3.86 a share since the deal was announced in April.
September 2 - Georgia
Atlantic Coast Federal Corp. in Waycross, Ga., has appointed veteran banker Jay S. Sidhu as executive chairman of its Atlantic Coast Bank unit, a move that could help the company complete its second-step conversion.
September 2



