Community banking
Community banking
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Amarillo, Tex., is undergoing an economic resurgence, and banks there are among the beneficiaries.
November 16 -
Assabet Valley Bancorp of Hudson, Mass., said Tuesday that it has agreed to buy Westborough Bancorp in Westborough, Mass., for about $20 million in cash.
November 15 -
UCBH Holdings Inc. of San Francisco plans to restate its financial results for 2005 and other periods, but said the restatements would not affect earnings.
November 15 - Washington
Walter B. Williams, who built a small Seattle mortgage company into what is now the $2.4 billion-asset HomeStreet Inc., died Nov. 9 at the age of 85.
November 15 -
The odds are against him, but if anyone can build a nationwide bank targeting African-Americans it is probably Robert L. Johnson, the man who founded Black Entertainment Television and later sold it for $3 billion.
November 15 - Tennessee
As banks across the country struggle to scrape up deposits, FirstBank of Lexington, Tenn., is getting a sudden injection of funding that will increase its deposit base by more than a third.
November 14 -
Sun Bancorp Inc. in Vineland, N.J., which has said it planned to trim expenses to improve profitability, said Friday that it is selling three of its branches to three separate buyers.
November 13 -
Emma Allen and Frank Johnson left their banking jobs at First Charter Corp. in Charlotte last winter for what they describe as a higher calling: to preach the gospel of basic money management.
November 13 -
Capitol Federal Financial in Topeka, Kan., said Friday that net income in its fiscal fourth quarter fell 23% from a year earlier, to $9.9 million. Diluted earnings per share for the period, which ended Sept. 30, fell 22%, to 14 cents, a penny below the average of analysts' estimates, according to Thomson Financial.
November 13 -
Shares of BankAtlantic Bancorp Inc. of Fort Lauderdale, Fla., fell 3.3% Thursday after it disclosed in a Securities and Exchange filing that it had discovered a problem with a large development loan.
November 10 -
AmericanWest Bancorp in Spokane said Thursday that it was revising third-quarter earnings to reflect an increase in its loan-loss provision and a subsequent chargeoff of $2.4 million from two bad loans. As a result, the $1.4 billion-asset AmericanWest's net income fell 72% from the third quarter of 2005, to $900,000. It had previously reported that earnings fell 38%, to $2.4 million.
November 10 - Kentucky
A small Kentucky bank stands to become a leader in a little-known niche market with its deal to buy PNC Financial Services Group Inc.'s military allotment unit.
November 10 -
First National Financial Services Inc. of Elk River, Minn., has agreed to buy the $68 million-asset Maple Lake Bancorp. of Maple Lake, Minn.
November 10 -
For more information on this data, visit Novantas LLC and Market Rates Insight.
November 10 -
First Banks Inc. of St. Louis is bulking up in Houston.
November 9 -
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First PacTrust Bancorp Inc. in Chula Vista, Calif., said Tuesday that third-quarter earnings dropped 7.4% from a year earlier, to $1.25 million. For the nine months through Sept. 30, net income fell 2.7%, to $3.5 million.
November 8 -
Nearly 11 months after DFCU Financial in Dearborn, Mich., announced plans to convert to a mutual savings bank - and six months since it withdrew the plan - the $1.8 billion-asset credit union and its members remain embroiled in a legal battle over an alleged bylaw violation.
November 8 - Nevada
Two years ago Heartland Financial USA Inc. in Dubuque, Iowa, laid out an ambitious plan: to double its assets every five to seven years.
November 8




