Community banking
Community banking
-
Losses at U.S. Central Federal Credit Union, which was seized by regulators in March, continue to trickle down to other credit unions.
August 10 -
Columbia Bancorp's net loss widened more than threefold from the previous period to $23.3 million in the second quarter as its credit provision jumped almost 50%, to $14.4 million and it took a $7.2 million charge against deferred tax assets.
August 10 -
The Bancorp said Monday that it has launched an offering of $50 million of common stock.
August 10 -
Forget the pile of nonperforming assets, eight consecutive quarterly losses and the cancellation of a similar rights offering a year ago; BankAtlantic Bancorp Inc. is again asking shareholders to double down.
August 10 - Oregon
Regulators closed two community banks in Florida, and one in Oregon, Friday evening to bring the year's failure total to 72.
August 7 - New York
Bankers and consultants alike report a quiet and continuing migration of seasoned talent away from the nation's major banks and into the calmer offices of smaller regional lenders.
August 7 -
-
UCBH Holdings Inc. is forecasting a provision for loan losses of $300 million to $350 million for the second quarter, up roughly tenfold from a year earlier.
August 7 -
On the heels of reporting a $63.9 million second-quarter loss, Seacoast Banking Corp. in Florida has initiated a public offering. The $2.1 billion-asset Stuart company plans to sell 34.5 million shares of common stock and, if demand is strong enough, an additional 5.2 million shares.
August 7 -
The capital-strapped Harrington West Financial Group Inc. in Solvang, Calif., has decided to leave Kansas. The $1.16 billion-asset company said late Thursday that it agreed to sell its Kansas City operations to Arvest Bank in Fayetteville, Ark.
August 7 -
Nearly 1,500 small, privately held banks around the country could have to pay tens of millions of dollars combined in back taxes if a court ruling stands.
August 7 - Georgia
Georgian Bancorp. is still seeking to raise at least $25M after a tenfold jump in bad loans in six months.
August 6 - New York
Profits at Hudson Valley Holding Corp. in Yonkers, N.Y., plummeted 96% from a year earlier, to $300,000.
August 6 - Maryland
CapitalSource reported Thursday that it swung to a $247M loss in the 2Q, from a profit of $62M a year earlier, as credit quality continued to worsen.
August 6 - New Mexico
The once-acquisitive company announced after the market closed Wednesday that it had hired the investment bank Keefe, Bruyette & Woods to review strategic alternatives, including a sale.
August 6 -
It's often the basic and simple good will gestures that generate the kind of awareness and positive personal impressions that "marketing campaigns" can seldom deliver.
August 6 -
-
-
With no capital left, Irwin Financial Corp. is pinning its hopes for survival on a new program from the Treasury Department that may not even exist. The $3.4 billion-asset company reported Wednesday that, after seven quarters of losses, its total risk-based capital has dipped below zero. Though both Irwin's bank and its thrift remained adequately capitalized at the end of the second quarter, regulators have given the thrift until Aug. 31 to boost its capital or face a forced sale or liquidation.
August 5




