Community banking
Community banking
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To the list of things dividing large and small banks, add the Troubled Asset Relief Program.
June 26 - Washington
Citing trouble with its construction loans, Cascade Financial Corp. in Everett, Wash., said Thursday that it expects to report a second-quarter loss of $19 million to $21 million.
June 26 -
Consider this simple question: Why does the government restrict the ability of pension funds, mutual funds and other kinds of institutional investors to invest in most banks? Banks are an industry in which "capital is king." Institutional investors control most of the world's capital. Their interests do not inherently conflict with banks'. So why put barriers between them?
June 26 - Idaho
An Idaho start-up bank has called off a private-equity deal that it had hoped would help it reach profitability.
June 26 -
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At least seven community banks have taken the Treasury Department up on its offer to make bigger capital injections under the Troubled Asset Relief Program.
June 25 - Ohio
Still in a capital pinch, AmTrust Financial Corp. of Cleveland is selling more of its Ohio branches.
June 25 - Florida
Seacoast Banking Corp. of Florida is preparing to raise capital through a common stock offering, with one goal being to resume paying dividends on its government infusion.
June 24 - North Carolina
Yadkin Valley Financial Corp. has benefited from a serendipitous turn of events.
June 24 - Florida
Regulators are threatening to seize the critically undercapitalized Community National Bank of Sarasota County in Venice, Fla.
June 23 - California
Shares of First California Financial Group Inc. dropped Monday after the $1.47 billion-asset Westlake Village company said that higher loan losses caused it to revise its first-quarter results and swing to a loss.
June 23 - Georgia
Cherokee Bank in Canton, Ga., must boost its capital and reduce its problem assets to satisfy a regulatory order.
June 23 - Virginia
Imagine looking up at seven cents on the dollar.
June 23 - Pennsylvania
As Jay S. Sidhu takes the helm of a small bank in the Philadelphia suburbs, he aims to recreate some of what he achieved at Sovereign Bancorp Inc.
June 22 - South Carolina
South Financial Group Inc. is about to find out just how much of the market's confidence the banking industry has regained.
June 19 - Pennsylvania
New Century Bank in Phoenixville, Pa., said Thursday that it has appointed Jay S. Sidhu as its chairman and chief executive officer.
June 19 -
- Massachusetts
More than a year after going public, Danvers Bancorp Inc. has agreed to buy a nearby Massachusetts banking company in a deal that one analyst said would leave it with the capital to do more.
June 18 - Texas
Silverton Bank's former customers are finding nature really does abhor a vacuum.
June 18





