Community banking
Community banking
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Sterling Bancorp in New York is shedding its consumer finance subsidiary so it can focus on business lines that make more money.
September 25 - Illinois
First Busey Corp. and Main Street Trust Inc. have been rivals for years, and their merger of equals would create a dominant banking company in the Champaign-Urbana, Ill., market.
September 22 - Texas
For years Security State Bank in Pearsall, Tex., ranked among the most profitable small banks in the country by sticking to a simple strategy: investing deposits primarily in securities while keeping its overhead low.
September 22 -
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Capital Corp. of the West's shares fell sharply Wednesday, a day after the Merced, Calif., company issued a profit warning for the third quarter.
September 21 -
The federal government’s new fiscal year is less than two weeks away, but the Agriculture Department has not decided whether to raise fees on a loan guarantee program popular with farmers and ranchers — and their lenders.
September 21 - Georgia
With its deal for Summit Bank Corp. of Atlanta, San Francisco's UCBH Holdings Inc. would gain a foothold in two more cities with fast-growing Asian-American communities - and perhaps accelerate its expansion plans in China.
September 20 -
Flagstar Bancorp Inc. of Troy, Mich., said it plans to expand its commercial real estate lending operations to 16 new states in West, Midwest, and South.
September 20 -
Industry Bancshares in Industry, Tex., is buying Community Bancorp Inc. of Bellville for $33 million in cash and stock.
September 20 -
Oneida Financial Corp. of Oneida, N.Y., has agreed to acquire the $61 million-asset Vernon Bank Corp. of Vernon, N.Y., for about $11.4 million.
September 20 -
American Savings Bank in Honolulu has reached an out-of-court settlement with a 91-year-old customer who said she was swindled out of $900,000 by a former employee of the bank.
September 20 - Washington
Sterling Financial Corp.'s first deal to buy a California community banking company is a big move south for the Spokane company as it seeks stronger growth than it has found in its home markets.
September 19 -
Atlantic Southern Financial Group Inc. in Macon, Ga., said it plans to acquire the $73 million-asset First Community Bank of Georgia in Roberta for $18.3 million in stock.
September 19 -
WASHINGTON - Florida lawmakers have introduced a number of federal bills aimed at addressing high insurance costs, but they acknowledge it may take another Katrina-like disaster to trigger a governmental solution.
September 19 -
A. William Schenck, who resigned last month as Pennsylvania's secretary of banking, is starting a Pittsburgh bank that will cater to midsize businesses, professionals, and high-net-worth individuals.
September 18 -
Dearborn Bancorp Inc. in Michigan announced plans to purchase the $248 million-asset Fidelity Financial Corp. of Michigan for $70 million.
September 18 - Illinois
A former community banker running for Illinois treasurer has pledged to put more of the state's money in community banks - but he has also made a pledge not to take campaign contributions from banks.
September 18 -
The Office of the Comptroller of the Currency has hit Amcore Financial Inc. with a cease-and-desist order requiring the Rockford, Ill., company to strengthen its Bank Secrecy Act compliance.
September 18 - Ohio
Add Park National Corp. in Newark, Ohio, to the growing roster of Midwest banking companies buying their way into Florida.
September 18




