Community banking
Community banking
- Illinois
Taylor Capital Group Inc. said Wednesday that it lost $3.8 million, or 37 cents per share, in the first quarter due to a rise in its loan-loss provision and higher expenses for hiring at its Cole Taylor Bank subsidiary.
May 1 - Nevada
Silver State Bancorp in Henderson, Nev., said Wednesday that it lost $14.4 million in the first quarter as a result of taking a $31 million provision for losses on residential construction and land development loans.
May 1 - Hawaii
Plagued by bad residential construction loans in California, Central Pacific Financial Corp. in Honolulu said Wednesday that its first-quarter profit dropped more than 90% from a year earlier, to $1.7 million.
May 1 -
- California
With $200 million of fresh funding, East West Bancorp Inc. in Pasadena, Calif., has given itself a line of defense against future losses if California's housing market does not recover soon.
April 30 - Texas
George Jones Jr., who is set to take over as chief executive officer of Texas Capital Bancshares Inc. in Dallas next month at the age of 64, didn’t have an easy start to his banking career.
April 30 - Florida
BankAtlantic Bancorp Inc., still hampered by the real estate downturn, reported a first-quarter net loss of $23.4 million, or 42 cents a share, compared with net income of $5.7 million, or 9 cents per share, a year earlier.
April 30 - California
Pacific Capital Bancorp of Santa Barbara, Calif., said its tax refund anticipation loan business more than offset a drop in core banking earnings and helped first-quarter net income rise 43% from a year earlier, to $72.5 million.
April 30 - California
North Valley Bancorp in Redding, Calif., facing an onset of credit problems, reported first-quarter earnings of $280,000, down 87% from a year earlier.
April 30 - Virginia
Greater Atlantic Bank in Reston, Va., said Tuesday that it has received a cease-and-desist order from the Office of Thrift Supervision requiring it to boost capital levels and prohibiting it from accepting brokered deposits and making certain loans without the agency's approval.
April 30 - Illinois
PrivateBancorp Inc. in Chicago announced Monday that it lost $8.9 million in the first quarter, nearly the same amount it earned a year earlier.
April 29 - Georgia
Stung by large losses in its commercial real estate portfolio and operating under a strict enforcement order from its regulators, Integrity Bank in Alpaharetta, Ga., is trying to raise capital or find a buyer.
April 29 - Indiana
Shares of Old National Bancorp of Evansville, Ind., rose 7.7% Monday, to close at $17.02, after the company reported first-quarter earnings that handily beat Wall Street estimates.
April 29 - Virginia
The Alexandria, Va., "blank check" company Community Bankers Acquisition Corp. has put on hold its shareholder vote on deals to acquire two banking companies.
April 29 - Illinois
Cole Taylor Bank's pledge to beef up its commercial and industrial lending in the face of the real estate downturn has been made easier to fulfill as a result of the Chicago market upheaval caused by LaSalle Bank Corp.'s sale to Bank of America Corp.
April 29 - Texas
Encore Bancshares Inc. in Houston reported a 33% drop in its first-quarter profit, from the year earlier, to $1.2 million, largely due to a bigger provision for loan losses and a $417,000 after-tax severance charge for a former executive.
April 28 - Georgia
Coming off a quarter in which it earned just $24,000, Atlantic Coast Federal Corp. in Waycross, Ga., is taking steps to cut overhead, including selling a Florida branch and laying off 10% of its employees.
April 28 - North Carolina
Cape Fear Bank Corp. in Wilmington, N.C., reported a net loss Friday of $441,000, or 12 cents per share, for the first quarter, compared with a $435,000 profit, or 11 cents per share, the year earlier.
April 28 - California
With its stock price falling Friday, UCBH Holdings Inc. tried to allay concerns about the 92% drop in its first-quarter earnings, saying it has "a good handle" on the construction loan troubles that prompted an unexpectedly large $35 million loan-loss provision.
April 28




