Community banking
Community banking
- 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 - Georgia
FGBC Bancshares Inc. in Franklin, Ga., has entered into a consent order with state regulators requiring it to boost capital ratios.
August 13 - California
Center Financial Corp. said Friday that it revised its first-quarter results, posting a net loss rather than a profit, because of a stock conversion completed in March.
August 13 -
Until Lakeside Bank in Lake Charles, La., threw open the doors to its double-wide trailer recently — the bank is so new, its building isn't ready yet — no start-up banks had gotten off the ground in the entire country this year.
August 13 -
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 13 - Illinois
If ShoreBank is trying to get open-bank assistance, as some media outlets have reported, the undercapitalized lender's odds of success are long.
August 12 - Pennsylvania
First Chester County Corp. in West Chester, Pa., announced its first-quarter financial results this week, more than four months after the quarter ended.
August 12 - Washington
Columbia Banking System Inc. in Tacoma, Wash., has repaid the $76.9 million it received under the Troubled Asset Relief Program.
August 12 - Pennsylvania
Alliance Bancorp Inc. in Broomall, Pa., is planning a second-step conversion, whose proceeds it said would help fund growth.
August 12 -
Nearly 1,200 banks have been hit with an enforcement action made public by federal regulators since the start of 2008, and that number is expected to climb at an accelerated rate.
August 12 -
Though the Dodd-Frank regulatory reform law designed separate rules for large and small institutions, covering everything from capital to stress tests to consumer protection, a consensus is growing that the higher standards for bigger institutions will eventually apply to everyone else.
August 12 -
Everyone is waiting for small business to revive and generate jobs as the job-creation engine of our economy. Don't expect this to happen soon.
August 12



