Community banking
Community banking
- Colorado
The $2.6 billion-asset Denver company said Tuesday that it had agreed to buy Legent Clearing LLC, an Omaha securities clearing firm, for $13 million in cash and $2.7 million in stock. The timing is noteworthy: United Western faces a June 30 deadline to raise capital at its thrift.
June 16 -
WASHINGTON — The House is expected to pass legislation today that would create a $30 billion fund for community banks to boost lending to small businesses, but the bill faces an uphill battle in the Senate.
June 16 - Missouri
NASB Financial Inc. in Grandview, Mo., reported earnings of $3.2 million for the quarter that ended March 31, down 32% from a year earlier. The $1.4 billion-asset company announced the earnings late Monday, saying its second-quarter results were driven by increased credit costs.
June 15 - Pennsylvania
CNB Financial Corp. in Clearfield, Pa., Tuesday announced the pricing of its $29.7 million common stock offering. The $1.2 billion-asset company said it will sell 2.9 million shares at $10.25 a share, a 10.6% discount to the company's closing stock price on June 8, the day before the capital-raising effort was announced.
June 15 - Florida
MidFlorida Credit Union, one of the state's healthiest big credit unions, has agreed to acquire the troubled Bay Gulf Federal Credit Union in the latest in a series of large credit union mergers shaking up the market in the Sunshine State.
June 15 - North Carolina
The $2.2 billion-asset company announced Tuesday that it has received $35 million of fresh capital through a private placement led by Aquiline Capital Partners LLC, a New York private-equity firm that includes former Wachovia Corp. Chief Executive Ken Thompson.
June 15 -
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The Internal Revenue Service is scrutinizing at least a handful of banks that sought large tax refunds for charging off bad loans last year.
June 15 -
WASHINGTON — Lawmakers unexpectedly added an overhaul of the deposit insurance system to the final regulatory reform legislation on Tuesday, adding sweeping provisions that were not part of either the House or Senate revamp bills.
June 15 - Kentucky
Integra Bank Corp. has sold two Kentucky branches and more than $40 million in loans to Cecilian Bank as part of a plan to boost capital and reduce nonperforming assets.
June 14 - Florida
Longtime Midwest banker Marty Adams is heading south on a rescue mission. The struggling TIB Financial Corp. in Naples, Fla., announced late Friday that Adams, former chief executive of Sky Financial Group, would join TIB to help it secure the $150 million it needs for a recapitalization.
June 14 - Washington
WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.
June 11 -
WASHINGTON — While it has seemingly become routine for several banks to fail every week, only one institution was closed late Friday, $521 million-asset Washington First International Bank in Seattle.
June 11 - California
The $200 million-asset bank announced Thursday that it will be rebranded American Perspective Bank after a settlement with an unidentified company in a trademark infringement case. That company agreed to shoulder a significant portion of costs associated with the California bank's name change as part of the settlement.
June 11 -
More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.
June 11 - California
More banking companies are stacking up missed payments on their preferred shares held by the federal government, according to a Treasury Department report released Friday.
June 11 - Maine
John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink last month by spearheading a $60 million investment.
June 11 -
John Everets led a group of investors that rescued Savings Bank of Maine, which serves a tiny community an hour north of Portland, from the brink last month by spearheading a $60 million investment.
June 11 - Florida
BankAtlantic Bancorp Inc. of Fort Lauderdale, Fla., Thursday announced pricing for its $25 million rights offering. The $4.7 billion-asset company said it would sell shares to existing shareholders at $1.50 a share, a 21% discount to the stock's price on June 1, the day before the company announced the rights offering.
June 10 - Pennsylvania
CNB Financial Corp. in Clearfield, Pa., expects to raise $27 million through a common stock offering.
June 10


