Community banking
Community banking
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To the Editor:
September 21 - Texas
Now that it has moved its headquarters to Texas, Comerica Inc. might start buying banks there soon.
September 21 - Montana
The Black Hills and Badlands region of South Dakota has emerged as a major tourist destination, and First Interstate BancSystem Inc. in Billings, Mont., wants in on the action.
September 21 - Georgia
Fierce competition in Los Angeles has prompted another Korean-American banking company there to search well outside its market for growth.
September 20 - Texas
American National Bank of Texas, a $1.5 billion-asset Terrell subsidiary of A.N.B. Holding Co. Ltd., has a deal to acquire DNB Bancshares Inc. in Dallas.
September 20 - Arkansas
When Home Bancshares Inc. of Conway, Ark., was in talks to buy Centennial Bancshares in Little Rock this year, negotiations hit a snag because Centennial's managers thought it was worth more than the buyer was willing to pay.
September 20 - Illinois
ShoreBank in Chicago has joined the list of banks offering a high-yield online-only savings account.
September 20 - Montana
First Interstate BancSystem Inc. in Billings, Mont., has made a deal to buy First Western Bancorp Inc. in Huron, S.D., for $251 million in cash and stock.
September 20 -
- Florida
Frank D'Alessandro, the southwest Florida developer who was a partner with three now-failed credit unions in a multibillion-dollar land speculation, was found floating in the ocean Monday, the victim of an apparent accidental drowning.
September 20 - Washington
The District of Columbia council passed the Payday Loan Consumer Protection Act of 2007 Tuesday in a vote of 12 to 1.
September 19 -
FNB United Corp. in Asheboro, N.C., said Tuesday that it had sold its $4 million credit card portfolio to Elan Financial Services, a division of U.S. Bancorp in Minneapolis.
September 19 -
Banks that target minority groups, particularly Hispanics and Asian-Americans, are reporting asset growth well above the industry average, largely because of an influx of immigrants.
September 19 - Kansas
The American Bankers Association has formed a task force to address what it says are mounting challenges to the banking industry's role in the payments system.
September 18 -
- Georgia
Three days after announcing that it lost $31.9 million last quarter, Integrity Bancshares of Alpharetta, Ga., said Monday that it has hired former banking regulator Patrick M. Frawley as its president and chief executive officer.
September 18 - Virginia
A group of shareholders and directors at FNB Corp. in Christiansburg, Va., are urging fellow shareholders to reject its proposed merger with Virginia Financial Group Inc. in Culpepper.
September 17 -
OmniAmerican Bank of Fort Worth said it will trim overhead by laying off 35 employees, or about 8% of its work force.
September 17 -
America's Community Bankers' board of directors voted unanimously Friday to merge with the American Bankers Association.
September 17 - Nebraska
CapitalSource Inc.'s agreement to buy a Nebraska thrift is proceeding as planned, even though a sharp drop in the buyer's stock price over the summer would significantly lower the deal's value.
September 17




