Community banking
Community banking
- Michigan
Three weeks after reporting a second-quarter profit of $651,000, PSB Group Inc. in Madison Heights, Mich., now says it lost $339,000 in the quarter.
August 15 - Ohio
The newly public TFS Financial Corp. in Cleveland said Tuesday that it swung to a $17.3 million loss in its fiscal third quarter, which ended June 30, after earning $14.7 million a year earlier.
August 15 - Maine
Camden National Corp., of Camden, Maine, announced Tuesday that it has agreed to buy Union Bankshares Co., of Ellsworth, Maine, for about $72.5 million, or 1.82 times book value.
August 15 - Texas
Sagging prices for community bank and thrift stocks have prompted several thrifts to rethink plans for their public offerings.
August 15 - Kentucky
First Corbin Bancorp in Corbin, Ky., has beat out a rival banking company for the right to acquire Eagle Fidelity Inc. of Williamstown, Ky.
August 15 - New York
First Niagara Financial Group Inc. in Lockport, N.Y., is selling four of its branches in the central part of the state to Elmira Savings Bank for about $14.4 million.
August 14 - California
PFF Bancorp Inc. in Rancho Cucamonga, Calif., said Monday that it had revised its quarterly earnings downward after further increasing its provisions for losses on loans to residential developers.
August 14 - Virginia
A Fulton Financial Corp. subsidiary has settled its lawsuit against Monarch Financial Holdings Inc. in Chesapeake, Va., the companies said Monday.
August 14 - Indiana
Community banking companies in Indianapolis have found themselves in a land of regionals after a spate of acquisitions has taken out a rung of midsize competitors.
August 14 - North Carolina
First Charter Corp. of Charlotte said Monday that despite reports to the contrary, it is not a creditor of HomeBanc Corp., the Atlanta mortgage lender that filed for bankruptcy Thursday.
August 14 - Georgia
Falling bank valuations have torpedoed one deal in Georgia, and analysts say others could be in jeopardy.
August 13 - California
B of I Holding Inc. of San Diego said net income for its fiscal fourth quarter, which ended June 30, increased 7% from a year earlier, to $904,000.
August 13 - North Carolina
Two of the nation's oldest African-American-owned banking companies have agreed to join forces.
August 13 - New Jersey
Center Bancorp Inc. of Union, N.J., said Thursday that it was freezing its pension plan and redesigning its 401(k) plan to cut expenses.
August 10 - Texas
AUSTIN — Capitol Bancorp Ltd. of Lansing, Mich., has big hopes for Texas.
August 10 - Illinois
Investors are running out of patience with Royal Financial Inc. in Chicago.
August 10 - California
Beverly Hills Bancorp Inc. said Thursday that second-quarter net income fell 36% from a year earlier, to $2.1 million, because of increased funding costs and deteriorating credit quality.
August 10 - South Dakota
The Federal Reserve Board released a sweeping agreement Wednesday with a $720 million-asset Minneapolis holding company and its largest subsidiary to improve asset quality, loan administration, and other areas of concern.
August 9 -





