Community banking
Community banking
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Sometime in the next five years the $1.2 billion-asset Bank of Granite Corp. in Granite Falls, N.C., intends to expand into neighboring markets by buying another bank, says R. Scott Anderson, its chief executive officer.
February 20 -
ORLANDO — Bank examiners’ emphasis on commercial real estate loans has become much greater in the past year, community bankers say.
February 20 - Nebraska
Shares of TierOne Corp. fell sharply Tuesday on news that its planned sale to CapitalSource Inc., a Chevy Chase, Md., real estate investment trust, could be in jeopardy.
February 20 - New York
Harry P. Doherty, who had been active in the banking industry for nearly four decades and was the chairman of America's Community Bankers three years ago, died Saturday of Lou Gehrig's disease. He was 65.
February 20 - Michigan
MBT Financial Corp. of Monroe, Mich., has revised its fourth-quarter results and posted a much bigger loss than previously announced, citing a problem with a loan to an automotive supplier.
February 19 - Pennsylvania
Defying the slow market for mergers and acquisitions, F.N.B. Corp. of Hermitage, Pa., announced its second deal in three months, to snatch up one of the last remaining community banking companies in Pittsburgh's attractive southern suburbs.
February 19 - Florida
TIB Financial Corp. in Naples said after the market closed Thursday that it had lost $6.5 million, or 51 cents a share, in the fourth quarter partly because of an almost fourfold increase in its loan-loss provision, to $6.2 million.
February 19 -
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February 19 - Massachusetts
Wainwright Bank and Trust Co. in Boston said Thursday that its fourth-quarter earnings fell 29% from a year earlier, to $1.2 million.
February 15 - Virginia
From the July day FNB Corp. in Christiansburg, Va., announced that it intended to merge with Virginia Financial Group Inc. in Culpeper, the plan was controversial, and for some it was emotional.
February 15 - New York
Signature Bank Corp. in New York said Thursday that it lost $3 million, or 10 cents a share, in the fourth quarter because of a sharp drop in the value of its investment securities and a large increase in its loan-loss provision.
February 15 -
- Virginia
After months of heated dissent and a shareholder meeting that spilled into a second day, FNB Corp. in Christiansburg, Va., won its shareholders' approval Wednesday to merge with Virginia Financial Group Inc. in Culpeper.
February 14 - Georgia
After a $6.9 million fourth-quarter loss caused by a growing pile of bad loans, Security Bank Corp. in Macon, Ga., is out to replenish its capital.
February 14 - Tennessee
Cornerstone Bancshares Inc. of Chattanooga, Tenn., said Wednesday that a recently discovered problem with a commercial loan forced it to restate its fourth-quarter results.
February 14 - Florida
Sun American Bancorp in Boca Raton, Fla., could end up getting back some of the price it paid in a bank acquisition a year ago.
February 13 - Maryland
Bad boat loans caused a 35.8% decline in Annapolis Bancorp Inc.'s fourth-quarter net income, to $531,000.
February 13 - Indiana
Whoever becomes the next chief executive at MainSource Financial Group Inc. will have some work to do to boost its lackluster performance, analysts said.
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