Community banking
Community banking
- Virginia
Fredericksburg, Va., is about to lose its last two local banks, but two veterans of Mercantile Bankshares Corp. of Baltimore plan to fill the void.
August 29 - California
Nara Bancorp Inc. in Los Angeles had cast its former chief executive officer as the bad guy in an accounting scandal there two years ago, but Benjamin Hong said he feels vindicated, now that an arbitration panel has ruled in his favor in a lawsuit the $2.2 billion-asset company filed against him.
August 28 - Arkansas
Home BancShares Inc. in Conway, Ark., has a deal to acquire Centennial Bankshares Inc. in Kingsland for $25.6 million in cash and stock.
August 28 -
Suddenly, Texas is having a deal dry spell.
August 28 - South Carolina
First National Bancshares Inc. of Spartanburg, S.C., announced plans Monday to buy the $226 million-asset Carolina National Corp. of Columbia, S.C., for $59 million in a deal that would create the ninth-largest banking company headquartered in the state.
August 28 - North Dakota
BNCCorp Inc. was so successful selling insurance that the Bismarck, N.D., banking company had to make a choice.
August 27 - Michigan
IBT Bancorp Inc. of Mount Pleasant, Mich., announced plans to acquire the $107 million-asset Greenville Community Bank for $34 million in stock.
August 27 -
Mayflower Bancorp Inc. in Middleboro, Mass., said Friday that earnings for its fiscal first quarter, which ended July 31, fell 19% from a year earlier, to $242,000.
August 27 - Pennsylvania
Dollar Bank in Pittsburgh said Stephen C. Hansen, its chairman and chief executive officer for more than two decades until his June retirement, died Tuesday at the age of 67.
August 24 - Georgia
Savannah Bancorp Inc. in Georgia said Thursday that it has agreed to acquire the assets of Minis & Co. Inc., a Savannah investment advisory firm.
August 24 - Utah
When MagnetBank opened two years ago, its founders chartered it as an industrial loan company, because that charter seemed to suit its unconventional business model of funding commercial loans entirely with wholesale deposits.
August 24 - Arizona
First National Bank Holding Co. in Scottsdale, Ariz., said Tuesday that it would stop servicing mortgages it had bought from brokers nationwide, though it would continue to service wholesale mortgages made by brokers in its local markets.
August 23 - Georgia
Integrity Bancshares Inc. of Alpharetta, Ga., has fired its chief executive officer eight weeks after announcing that troubled commercial real estate loans would take a $21 million bite out of its second-quarter earnings.
August 23 - New York
Ridgewood Savings Bank is looking to become a more prominent player in the New York market with the dozen branches it gained by buying City and Suburban Financial Corp. in Yonkers last month.
August 23 - Texas
Southside Bank in Tyler, Tex., is teaming up with a group of automobile financing specialists to form a portfolio-acquiring joint venture.
August 23 - Georgia
Appalachian Bancshares Inc. in Ellijay, Ga., has received approval from the Federal Deposit Insurance Corp. to open a branch in Dalton that would target the growing Hispanic population in Whitfield and Murray counties.
August 22 - California
Bank of Commerce Holdings in Redding, Calif., said it has put Michael C. Mayer, its president and chief executive officer, on administrative leave.
August 22 - Louisiana
Among the issues Congress is to consider when it returns from summer recess next month is whether to let banks help the Small Business Administration make loans to homeowners and business owners hard hit by disasters.
August 22 - Wisconsin
The mortgage meltdown has sullied the reputations of more than a few lenders, so banking companies are going on the offensive to preserve theirs.
August 21





