Community banking
Community banking
- Illinois
Midwest Banc Holdings Inc., which just a few months ago said it was on the prowl to buy ailing banks, is now concentrating on staying in the black.
February 4 - Pennsylvania
Northwest Bancorp Inc. in Warren, Pa., announced a deal to buy a small mutual thrift.
February 4 -
WASHINGTON — The massive stimulus package moving through Congress aims to unclog the market for Small Business Administration loans by providing financing to the broker-dealers that buy and securitize them.
February 3 -
A single line in the stimulus package the House passed last week could put the Federal Reserve Board on the road to becoming a systemic risk regulator.
February 3 - Michigan
The story of Flagstar Bancorp Inc. just keeps getting curiouser.
February 2 - California
Nara Bancorp Inc. in Los Angeles said Friday that it swung to a $9.9 million loss in the fourth quarter as it aggressively recognized loan losses.
February 2 - Illinois
Taylor Capital Group Inc. in Rosemont, Ill., reported a fifth straight quarterly loss Thursday, as bad loans mounted.
January 30 - Washington
Frontier Financial Corp. of Everett, Wash., swung to a loss of $89.5 million, or $1.90 a share, in the fourth quarter, from an $18 million profit a year earlier.
January 30 -
The nation's financial crisis, and its downward effect on the value of private-label mortgage-backed securities, has suddenly thrust an obscure accounting issue into the spotlight.
January 30 - Virginia
Genworth Financial Inc., a Richmond, Va., insurer seeking to qualify for government capital by acquiring a troubled Minneapolis thrift, said Thursday that the deal is still on.
January 30 - California
Hanmi Financial Corp. in Los Angeles said Thursday that it lost $3.8 million, or 8 cents a share, in the fourth quarter, as a result of higher credit costs.
January 30 - Washington
In recent years Crescent Capital VI LLC has tried unsuccessfully to gain control of two community banks, but the private-equity firm may be closing in on its first success, with Cowlitz Bancorp.
January 30 - Oregon
Umpqua Holdings Corp. in Portland, Ore., said Thursday that its fourth-quarter earnings plunged 77% from a year earlier, to $2.2 million, partly because of deteriorating credit quality.
January 30 - Illinois
Midwest Banc Holdings Inc. in Melrose Park, Ill., is under new leadership.
January 30 -
- Illinois
First Midwest Bancorp Inc. of Itasca, Ill., said Wednesday that its fourth-quarter loss nearly quintupled from a year earlier, to $26.9 million, or 57 cents a share, as credit quality deteriorated and the value of its investments declined sharply.
January 29 - Illinois
There is a reason Timothy Geithner, on just his second day as Treasury secretary, vowed to improve the approval process for banking companies seeking capital from the government.
January 29 - Maryland
Suburban Federal Savings Bank's hope for survival is dissipating.
January 29 - California
If FirstFed Financial Corp. is less than well capitalized when it reports full-year earnings, regulators will require the Los Angeles thrift company to sell itself or liquidate.
January 28






