Community banking
Community banking
- Michigan
Its keys to success have been an adherence to a strategy of courting customers disenchanted with their current bank, and the willingness to adapt to the changed banking landscape.
July 15 - Massachusetts
People's United Financial in Bridgeport, Conn., is on a shopping spree up and down the Northeast. The $22 billion-asset company announced late Thursday that it reached agreements to buy Smithtown Bancorp in Hauppauge, N.Y. and LSB Corp. in North Andover, Mass. Both are contiguous to People's United's existing market.
July 15 - Kentucky
Republic Bancorp Inc. reported a 22% jump in second-quarter net income compared with a year earlier, and growth in its tax-refund business generated more than half its earnings, the company announced Thursday.
July 15 - New York
Suffolk Bancorp in Riverhead, N.Y., reported Thursday that second-quarter earnings fell 16% from a year earlier, to $4.8 million.
July 15 - California
Malaga Financial Corp. in Palos Verdes Estates, Calif., reported record earnings Thursday for the second quarter and first six months of 2010.
July 15 - California
The $95 million-asset Grandpoint Capital Inc. in Los Angeles said Wednesday that it had signed an agreement to acquire the $336 million-asset First Commerce Bancorp in Encino, Calif.
July 15 - Oklahoma
BancFirst Corp. in Oklahoma City announced Wednesday it is acquiring Union National Bancshares Inc. Through the deal, the $4.5 billion-asset BancFirst will pick up $135 million in assets, including $86 million in loans, from Union National.
July 14 - Louisiana
The $11.6 billion-asset company announced late Tuesday that it is expecting to record a loan-loss provision of $57 million to $62 million, primarily stemming from credit problems in Florida and worsening credit quality in Louisiana and Texas.
July 14 - Florida
Florida First City Banks Inc. said this week it had suspended an effort to raise up to $14 million after potential investors began backing away. Their reason: Worries about the potential consequences for banks as oil washes up on Panhandle beaches.
July 14 -
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- New Jersey
The $3.5 billion-asset company was grappling with a regulatory order and coping with deteriorating credit in its slow-growth southern New Jersey market when it secured a $100 million investment last week, half of it from billionaire Wilbur Ross' private-equity group.
July 13 - Georgia
The Jasper, Ga., bank holding company said Monday that it plans to file its delisting with the Securities and Exchange Commission. It was notified in April that it did not meet the minimum requirements of Nasdaq's listing rule.
July 13 - Illinois
Five months after raising capital by selling two banks, Mercantile Bancorp Inc. in Quincy, Ill., is turning to shareholders for more.
July 13 - Arkansas
Bank of Ozarks Inc. said its second-quarter net income rose 14.6% from a year earlier, to $10.9 million. The Little Rock company said Monday that higher earnings stemmed from a stronger net interest margin and declines in problem loans, chargeoffs and an allowance for loan losses.
July 13 - New York
After a quarter that beat analysts' estimates, First of Long Island Corp. in Glen Head, N.Y., is raising an extra $30 million of capital.
July 13 - Virginia
Commonwealth Bankshares Inc. in Norfolk, Va., has entered into a written agreement with state and federal regulators. The $1.2 billion-asset company did not disclose details in a press release Friday, but said it had consented to strengthen the bank's financial condition and "maintain effective control over and supervision of" major operations.
July 12 - South Carolina
Bank of South Carolina Corp. in Charleston posted a 6% year-over-year increase in second-quarter net earnings, largely because of a wide net interest margin spread.
July 12 - Texas
North Dallas Bank and Trust Co. reported that earnings jumped more than 33% in the second quarter from a year earlier. The bank said Friday that it posted net earnings of $1.5 million, or 58 cents a share, for the quarter, up from $1.1 million, or 44 cents a share, a year earlier.
July 12


