Community banking
Community banking
- 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 - California
Bank of Internet USA in San Diego is offering a loan portfolio program that few banks of its size are willing to hold: jumbo and super-jumbo mortgages.
June 10 - Oregon
Federal regulators have given PremierWest Bancorp in Medford, Ore., 60 days to come up with a capital plan even though the company raised capital in the first quarter.
June 10 - Delaware
WSFS Financial Corp. in Wilmington, Del., is preparing to raise as much as $150 million in fresh capital.
June 10 - New Jersey
Northfield Bancorp Inc. in Avenel, N.J., plans to raise up to $463 million of capital by converting from a mutual holding company to a stock company.
June 10 - Mississippi
Mississippi's slower-paced banks have fared far better than their higher-flying Southeastern cousins. Yet the tortoise-beats-the-hare story may be spoiled if the oil spill leaks into the state's economy.
June 10 -
Northfield Bancorp Inc. announced Thursday it plans to sell up to an estimated $821.3 million in stock as part of its ownership conversion from a mutual holding company.
June 10 - Oregon
The owner of a bank in Oregon cannot pay dividends without prior Federal Reserve approval. The Fed on Wednesday released its agreement with PremierWest Bancorp, which owns PremierWest Bank in Medford, Ore.
June 10 -
Bank securities held by the Treasury Department through the Troubled Asset Relief Program would no longer count toward a banking company's Tier 1 capital under the Senate's version of the reform bill, legal experts said.
June 9 -
WASHINGTON — Industry groups continued their full-court press Wednesday to keep an interchange provision out of the final regulatory reform bill, but whether they could succeed was an open question.
June 9 -
-
More bankers are grappling with the prospect that the government will soon go from being a passive investor in their companies to an influence in the boardroom.
June 9



