Community banking
Community banking
- Michigan
Imagine trying to persuade regulators to let a Michigan de novo expand by eight times the goal of its initial business plan on the eve of the economic meltdown.
January 6 - Georgia
The $1.2 billion-asset company said Tuesday in a filing with the Securities and Exchange Commission that it exchanged $1.1 million of fixed-rate subordinated notes for 2.2 million shares of common stock in a deal with seven investors, including one board member.
January 5 - Illinois
Upon disclosing its third and largest branch deal Tuesday, Amcore Financial Inc. made another announcement: its capital ratios are finally headed in the right direction.
January 5 -
Sun American Bank has failed to submit an acceptable capital plan to regulators, the Federal Reserve disclosed Monday.
January 5 - Texas
Like a lot of companies, TLCM Holdings LLC in Richardson, Texas, was shopping for a failing bank. Its plan: transform the target's business model to provide a secondary market for bank loans.
January 4 - North Carolina
Four Oaks Fincorp Inc., the holding company for Four Oaks Bank and Trust Co. of Four Oaks, N.C., announced Monday that it completed the acquisition of Nuestro Banco on Dec. 31.
January 4 - Connecticut
Webster Financial Corp. announced Monday that it plans to expand its business banking portfolio by $400 million in the coming year.
January 4 - Florida
First Community Bank Corp. of America is aiming to raise capital to immediately boost capital levels at its thrift and amass cash for further capital needs.
January 4 - Texas
TLCM Holdings LLC, a new holding company in Richardson, Texas, has agreed to acquire EJ Financial Corp. in Dallas. TLCM and EJ Financial announced the deal late Wednesday, without disclosing the price.
January 3 -
Members of the Community Bankers Council of the American Bankers Association in unison blasted legislative plans to toughen regulation of banks and offered alternative fixes to overdraft programs.
January 2 - Illinois
An Illinois banking company has agreed to submit a plan designed to improve the condition of the lender, the Federal Reserve said Wednesday.
December 31 - California
Following a regulatory exam, Preferred Bank in Los Angeles announced Wednesday that it will restate its third-quarter earnings, bringing its loss for the quarter to as much as $5 a share, according to one analyst's estimate.
December 30 - Indiana
With little competition, Horizon Bancorp in Michigan City, Ind., was able to create its own playbook for a deal announced late Tuesday in which the company agreed to buy pieces of the $122 million-asset American Trust and Savings Bank in Whiting, Ind.
December 30 -
- Georgia
The board of directors of United Community Banks Inc. in Blairsville, Ga., said Tuesday that it was temporarily suspending its quarterly dividend to avoid further dilution of its shares and improve its liquidity.
December 30 - Texas
Sometimes the best deal is the one that doesn't happen. That appears to be the case for Sterling Bancshares in Houston, which announced this week that it had called off its 19-branch deal with First Banks Inc. The sale was set to close by Dec. 31.
December 29 -
Banks that are not cognizant of how many customers begin "shopping" their organizations on their Web sites are not paying enough attention.
December 29



