Community banking
Community banking
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- Illinois
A day after financial companies banded together to rescue ShoreBank in Chicago with a $140 million investment, two Republican lawmakers are asking President Obama about his involvement.
May 19 - Georgia
Charter Financial Corp. of West Point, Ga., has opted for a road less traveled after shareholders balked at its plan to convert to a fully public company.
May 19 - New Jersey
The Treasury Department said it expects to make $5.4 million from the sale of warrants to purchase common stock of Valley National Bancorp in Wayne, N.J.
May 19 -
WASHINGTON — Financial institutions are sounding the alarm over an amendment to the Senate bill that many initially deemed harmless but now see as threatening a key source of capital: trust-preferred securities.
May 18 -
Quicken Loans of Livonia, Mich., is jumping into the private-label origination business, offering its services to community banks and credit unions.
May 18 -
Cowlitz Bancorp. in Longview, Wash., posted a first-quarter loss that was six times higher than a year earlier.
May 18 - Florida
Two already troubled community banks recorded additional first-quarter losses this week in revising their results after re-evaluating problem loans.
May 18 -
The administration's plan to spur small-business lending hit a big snag Tuesday as House Financial Services Committee Chairman Barney Frank acknowledged the program has no funding source.
May 18 - Illinois
The lifeline that ShoreBank in Chicago has been thrown by some of the nation's largest financial companies could turn out to have benefits for other community development banks.
May 18 -
ShoreBank in Chicago succeeded Monday night in pulling together the necessary private investment commitments to secure a lifeline from the Treasury Department.
May 18 -
The Treasury Department said Monday it has launched an offering of warrants to buy equity in Valley National Bancorp.
May 18 -
California lender Pacific Capital Bancorp can't pay dividends without Federal Reserve approval, the Fed said.
May 18 - Illinois
As a similarly named neighbor was being taken over by regulators, First Midwest Bancorp Inc. decided to assert its strength.
May 17 -
Following its acquisition of Midwest Bank and Trust Co., FirstMerit Corp. is looking to beef up capital.
May 17 -
After Toronto-Dominion Bank agreed Monday to buy South Financial Group Inc. and bought three failed banks in Florida last month, the natural question is: What next?
May 17 -
State supervision of nonbank mortgage lenders — an industry group that was a key part of the "shadow" financial system widely blamed for the crisis — is becoming as tough as federal oversight of depositories. And in some ways, tougher.
May 17 -
Months after it was considered dead on arrival, a push to create a $30 billion small-business lending fund for community banks has found new life.
May 17 -
The secondary public offering of 2.5 million warrants for common stock of Valley National is part of Treasury's effort to recoup part of the $700 billion financial-sector bailout.
May 17 -
For the second time in a month, Toronto-Dominion Bank, Canada's second-largest bank by assets, scooped up a troubled U.S. bank, enabling it to expand its footprint in the U.S. southeast.
May 17


