Community banking
Community banking
- California
Grandpoint Capital Inc. struck again this week, announcing two bank deals with Capitol Bancorp Ltd., which brings to four the number of acquisitions Grandpoint has announced in the past two months.
August 18 -
Bonneville Bancorp is taking an unusually drastic — and seemingly counterintuitive — approach to fighting fraud. To make sure its customers use their PIN codes, shoring up security for debit purchases, it is prohibiting signature debit payments in some states.
August 18 -
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Boston-based OneUnited Bank skipped its sixth consecutive dividend payment to the U.S. government, making it just one of a handful to have fallen so far behind, the company's chief executive said in an interview.
August 18 - Michigan
Capitol Bancorp Ltd. in Lansing, Mich., said it reduced its loss in the second quarter to $41 million, compared with a $47.9 million loss a year earlier.
August 17 - Georgia
The $1.2 billion-asset company on Monday posted a $21 million loss, compared with a loss of $5.3 million in the first quarter, and net income of $342,000 a year earlier.
August 17 - Virginia
Less than two years after it became the first "blank-check" acquirer to take over failed banks, Community Bankers Trust Corp. is reeling.
August 17 -
To stimulate employment, our government should consider providing startup businesses with a three-year tax holiday and provide the banks that finance them with tax-free status on the interest received on any loans provided.
August 17 - Wisconsin
The Federal Reserve announced an enforcement action Monday against First Banking Center Inc. to ensure that the bank is adequately capitalized.
August 17 - Illinois
Community Financial Shares Inc. in Glen Ellyn, Ill., reported a steeper loss, $2.8 million, in the second quarter than the $446,000 a year earlier and blamed loss provisioning.
August 16 - Alabama
Superior Bancorp in Birmingham, Ala., said its net loss widened significantly in the second quarter, largely because of a huge boost in its provision for loan losses.
August 16 - Montana
Montana's banks are struggling with weak loan demand and delinquent construction loans. Yet this summer they're getting a much-needed buffer from tourists, whose dollars are flowing into communities near the state's two bustling national parks.
August 16 -
With a break expected from the Treasury Department, Carver Bancorp Inc. in New York soon will have more equity available to address a growing pool of problem assets.
August 16 -
The Federal Reserve on Monday announced an enforcement action against First Banking Center Inc. to ensure the bank is adequately capitalized.
August 16 - Florida
BankUnited is planning an initial public offering 15 months after the Florida lender collapsed and was acquired by investors including Carlyle Group and WL Ross & Co., according to people with knowledge of the matter.
August 16 - Illinois
WASHINGTON — Illinois regulators closed the $493 million-asset Palos Bank and Trust Co. late Friday, the 110th failure of the year.
August 15 -
Hampton Roads Bankshares in Norfolk announced Thursday that the Treasury had agreed to take a 74% discount on its $80.3 million investment, accepting $21 million of common equity. The investment was made through the Troubled Asset Relief Program.
August 15 -
WASHINGTON — Illinois regulators closed the $493 million-asset Palos Bank and Trust Co. late Friday, the 110th failure of the year.
August 13 - California
Saehan Bancorp's net loss narrowed sharply in the second quarter while asset quality and net interest margins improved.
August 13



