Community banking
Community banking
- Pennsylvania
Northwest Bancorp Inc. in Warren, Pa., said Monday that its fourth-quarter earnings fell nearly 34% from a year earlier, to $9.8 million.
January 23 - New Jersey
Valley National Bancorp's plan for improving its lackluster earnings includes adding a dozen branches this year and funding riskier automobile, residential mortgage, and home equity loans and selling them on the secondary market.
January 23 -
Glacier Bancorp Inc. in Kalispell, Mont., said Monday that it is buying the 95-year-old North Side State Bank in Rock Springs, Wyo., for $28 million in cash and stock.
January 23 -
Midwest Banc Holdings Inc. of Melrose Park, Ill., said continuing problems collecting from a single borrower would reduce its fourth-quarter net income by $4 million, or 16 cents per diluted share.
January 22 - Maine
Chittenden Corp. in Burlington, Vt., is expanding in Maine with its first deal in four years.
January 22 - Florida
Coast Financial Holdings Inc.'s shares plunged nearly 25% Friday after the Bradenton, Fla., company warned that hundreds of its borrowers could have trouble repaying loans for construction of their new homes.
January 22 - California
When Glenn Harvey took over as president of Los Angeles' Broadway Federal Bank in April of last year, he brought more than his two decades of experience to the $284 million-asset thrift.
January 22 -
CVB Financial Corp. in Ontario, Calif., said fourth-quarter earnings fell, but full-year earnings set a record.
January 22 - Florida
Superior Bancorp in Birmingham, Ala., announced it has agreed to buy the $323 million-asset People's Community Bancshares Inc. of Sarasota, Fla., for $77 million in stock.
January 22 - Illinois
Corus Bankshares Inc. achieved record earnings in 2006, but nonperforming loans are up, loan originations are down, and investors are getting nervous.
January 19 - California
Umpqua Holdings Corp. of Portland, Ore., is continuing to bulk up in California by acquiring North Bay Bancorp in Napa for $156 million in stock.
January 19 -
Shares of Alliance Bankshares Corp. of Chantilly, Va., stock outperformed the Nasdaq bank index last year, and the research group at Howe Barnes Hoefer & Arnett Inc. expects the shares to continue to do so.
January 19 - Maryland
Provident Bankshares Corp. in Baltimore said Thursday that its fourth-quarter net income fell 41%, to $11.3 million, after a previously announced $5 million charge.
January 19 -
- Pennsylvania
Fulton Financial Corp. in Lancaster, Pa., plans to continue to focus on organic growth this year but would consider an acquisition if the right deal came along, its top executive said Wednesday.
January 18 - Kansas
Blue Valley Ban Corp. of Overland Park, Kan., announced Wednesday that its fourth-quarter earnings rose 53% from a year earlier, to $2.1 million.
January 18 - Maine
Camden National Bank in Maine has found that new branches take five to seven years to become profitable in its sparsely populated home state, so it has developed an alternate strategy for entering new markets: small-business financial centers.
January 18 -
LNB Bancorp Inc. in Lorain, Ohio, announced Tuesday that it has agreed to buy Morgan Bancorp Inc. of Hudson, Ohio, for $26.5 million in cash and stock.
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