Community banking
Community banking
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WASHINGTON — The Federal Reserve announced enforcement actions Thursday against Coast Bancorp, a move to help maintain financial soundness at the company, according to the Fed order.
April 29 - Illinois
Rep. Darrell Issa, the lead Republican on the House Oversight and Government Reform Committee, is asking the Federal Deposit Insurance Corp. to explain why it waited so long to close a bank owned by the family of a candidate for the U.S. Senate.
April 28 -
- Michigan
Flagstar Bancorp Inc. of Troy, Mich., reported Wednesday that its first-quarter loss widened to $82 million from $67.4 million a year earlier. Yet the $14.4 billion-asset company still managed to raise $576.7 million of fresh capital, which analysts said will enable it to ride out persistent credit-quality issues.
April 28 - Illinois
After slamming on the brakes in 2006, Wintrust Financial Corp. in Lake Forest, Ill., is revving its growth engine once more. The $12.8 billion-asset company on Friday purchased two of the seven banks that failed in the Chicago area the same day.
April 28 - New Mexico
The struggling First State Bancorp. in Albuquerque narrowed its first-quarter loss by 36% from a year earlier, to $15.7 million, as it cut its credit costs by half.
April 27 - Pennsylvania
Six weeks after scrapping a long-delayed deal, Republic First Bancorp Inc. in Philadelphia is looking to raise more capital.
April 27 -
The sudden resignation of Philip Sherringham as the chief executive of People's United Financial Inc. in Bridgeport, Conn., on Monday has left observers wondering what went wrong at a company where so much is going right.
April 27 - Illinois
The Chicago company said Monday that its loans declined slightly in the first quarter as it struggled to find new qualified borrowers and focused its attention on resolving the troubled loan portfolio that has dogged it in the past two years.
April 26 - Ohio
The National Credit Union Administration took St. Paul Croatian Federal Credit Union under conservatorship on Friday because of the $250 million-asset institution's declining financial condition.
April 26 - Nebraska
TierOne Corp. of Lincoln, Neb., announced late Sunday that its independent auditors had resigned and had warned TierOne that some of its past financial statements are inaccurate.
April 26 - Indiana
Old National Bancorp in Evansville, Ind., returned to profitability in the first quarter after a rough fourth quarter.
April 26 - New York
First Niagara Financial Corp. said Monday that its first-quarter earnings rose 51.6%, to $32.6 million.
April 26 -
PrivateBancorp Inc. swung to a first-quarter loss that was wider than analysts' estimates as provisions for loan losses quadrupled.
April 26 - Florida
BankUnited Financial Corp. has countersued the Federal Deposit Insurance Corp. in the fallout from one of the costliest failures of the financial crisis — that of Florida's BankUnited FSB.
April 26 - Delaware
Wilmington Trust Corp. swung to a worse-than-expected first-quarter loss on still more credit deterioration at the banking and trust-services provider.
April 26 - Illinois
WASHINGTON — Regulators closed Chicago-area Amcore Bank late Friday, putting the $3.8 billion-asset institution out of its misery on a night when six other institutions in and around the Windy City also failed.
April 25 - South Carolina
SCBT Financial Corp. of Columbia, S.C., said its first-quarter earnings skyrocketed, largely as a result of its acquisition of the failed Community Bank and Trust in Cornelia, Ga.
April 23 -
WASHINGTON — Regulators closed Chicago-area Amcore Bank late Friday, putting the $3.8 billion-asset institution out of its misery on a night when six other institutions in and around the Windy City also failed.
April 23 - Minnesota
TCF Financial Corp. reported its 60th consecutive quarterly profit last week in spite of worries that new limits on overdraft fees could hit the $18.2 billion-asset company particularly hard.
April 23


