Community banking
Community banking
- Maryland
Bradford Bancorp Inc.'s deal to buy another Maryland thrift is officially off.
January 7 - Massachusetts
Two Massachusetts mutual thrifts, Norwood Co-operative Bank and Walpole Co-operative Bank, have agreed to merge.
January 7 - North Carolina
The dozen or so banks caught up in an alleged land development fraud in western North Carolina may not recover much of the $100 million they have lost, but some are trying to make sure that they do not get fooled again.
January 7 - Oregon
Cascade Bancorp's shares plunged Friday on news that the Bend, Ore., company expects to report weak fourth-quarter earnings due to losses on bad residential construction loans.
January 7 -
One of my favorite retailers competes in an industry not exactly known for differentiated offerings.
January 4 - Tennessee
First Volunteer Corp. in Chattanooga, Tenn., has bought a century-old community bank in Benton, Tenn., that lost millions of dollars in an apparent loan fraud scheme.
January 4 - Oregon
The stock price of Oregon Pacific Bancorp Inc. soared Thursday after the Florence company announced that it plans to deregister its stock and go private.
January 4 - New Jersey
Sun Bancorp Inc. of Vineland, N.J., said Thursday that it would take a $4.1 million fourth-quarter provision for loan losses and charge off $3.5 million of loans.
January 4 - Michigan
Another Michigan bank is warning about credit trouble prompted by the state's flagging economy.
January 4 - Maryland
Bradford Bancorp Inc.'s deal to buy another Maryland thrift is officially off.
January 4 - Georgia
WGNB Corp.'s shares fell sharply Thursday after the Carrollton, Ga., company warned that fourth-quarter and full-year earnings would fall well short of 2006 results due to continued weakness in its residential real estate portfolio.
January 4 -
Community bank directors have had an easy job for the last 10 to 15 years, and though I hear many directors complain about the job's workload and complexity, it is absolutely nothing compared to the early 1990s.
January 4 -
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January 4 - Michigan
United Bancorp Inc. of Tecumseh, Mich., warned Wednesday that it would add $5.1 million to its fourth-quarter provision for loan losses, because of deteriorating credit quality.
January 3 - Texas
Few financial institutions are expanding as aggressively as Navy Federal Credit Union, and community bankers are watching closely.
January 3 -
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Susquehanna Bancshares Inc. in Lititz, Pa., said Wednesday that it has a deal to buy the investment management firm Stratton Holding Co. in Plymouth Meeting, Pa.
January 3 - Indiana
Horizon Bancorp of Michigan City, Ind., said it increased its provision for loan and lease losses by $1.4 million last month, because of deteriorating credit quality in its wholesale mortgage and indirect auto loan portfolios.
January 2 - Indiana
After 17 years as a publicly traded company, Peoples Bancorp in Auburn, Ind., is planning to go private.
January 2 - Texas
Banco Bilbao Vizcaya Argentaria SA's Texas acquisition spree has been a windfall for one Rio Grande Valley bank.
January 2




