Community banking
Community banking
- Georgia
PAB Bankshares Inc. in Georgia says it plans to raise $85 million through a common stock offering.
March 11 - Pennsylvania
Tower Bancorp Inc. in Harrisburg, Pa., doesn't mind taking on the problem assets of First Chester County Corp., but it wants no part of its mortgage business.
March 11 - Idaho
The Federal Reserve is requiring Idaho Bancorp to submit a plan to maintain sufficient capital.
March 11 - Massachusetts
Brookline disclosed last week that George C. Caner Jr. had resigned from the $2.5 billion-asset company's board of directors.
March 10 - New York
The closing of the sale of Harleysville National Corp. to First Niagara Financial Group of Buffalo has been pushed back.
March 10 -
- Illinois
FirstMerit Corp. of Akron, Ohio, will need sharp elbows as it expands into the city of broad shoulders.
March 10 -
As reform moves forward, Congress should focus risk retention on securities and high-risk assets that have been proven to generate high defaults, market imbalances and disruptions.
March 10 -
President Obama now has an historic opportunity to make sure that the small group of governors that runs the Fed represents consumers and not just the banking industry.
March 10 -
[Re "Politics, Economics Clash in CUs' Bid to Lift Cap," March 8]Doubling the credit unions' member business loan limit won't increase small business lending or create jobs.
March 10 -
The Federal Reserve is requiring Idaho Bancorp, which operates the Idaho Banking Co., to submit a plan to maintain sufficient capital.
March 10 - Florida
The Federal Reserve Board gave the $200 million-asset Horizon Bank a narrow time frame to raise capital or find a buyer.
March 9 -
The painful rescue of the financial industry may yield a surprise gift: a new securities market that could become a lucrative source of capital for banks.
March 9 -
Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.
March 9 - Florida
TIB Financial Corp. of Naples, Fla., said its fourth-quarter loss widened to $45.1 million from $13.2 million a year earlier.
March 9 - Pennsylvania
Susquehanna Bancshares Inc. of Lititz, Pa., announced it is raising as much as $395 million in capital and said it could use some of the money to repay the Treasury Department.
March 9 - Texas
With so many banks ailing, use of the Texas ratio, a quick way of assessing capital adequacy, has returned to the forefront of bank analysis.
March 9 -
A growing number of institutions worried about the Office of Thrift Supervision's future may switch to a national bank charter, putting even greater pressure on the agency's budget.
March 8 -
The most important idea raised at the bankers meeting was not to limit the $30 billion to community banks, since many face significant short-term financial problems (300 to 500 are expected to fail this year). Instead, make available up to half the $30 billion to the roughly 800 community development financial institutions, or CDFIs, nationwide that combine small-business expertise and a readily available pipeline of small-business borrowers.
March 8 -
The credit union industry may have its best chance in more than a decade to persuade Congress to double the amount of business lending it can do.
March 8




