Community banking
Community banking
-
Hurt by higher funding costs, Sterling Bancorp in New York said its second-quarter net income fell 20% from a year earlier, to $4.9 million.
July 31 -
State National Bancshares Inc. of Fort Worth said its second-quarter earnings rose 17.9% from a year earlier, to $4.6 million.
July 28 -
Pacific Capital Bancorp in Santa Barbara, Calif., said second-quarter earnings fell 20.2% from a year earlier, to $11.5 million, because of higher expenses and reduced margins.
July 28 -
Before Home Depot Inc. came along, EnerBank USA was a little-known niche lender that had just had its first profitable year.
July 28 - Louisiana
After 119 years in business, Iberiabank of Lafayette, La., is taking its first steps outside its home state by acquiring the $736 million-asset Pocahontas Bancorp Inc., in Jonesboro, Ark.
July 28 -
Whitney Holding Corp., one of the Gulf Coast banking companies affected by last year's hurricanes, said storm-related loan and deposit growth boosted its second-quarter earnings, and so did an acquisition.
July 28 -
FNB Corp. of Christiansburg, Va., said its second quarter earnings rose 8.1% from the same period last year, to $4.73 million.
July 28 -
NB&T Financial Group Inc. in Wilmington, Ohio, is restructuring its balance sheet, selling a branch and exiting the indirect auto loan business.
July 27 -
About a year after his last start-up was sold in 2001, Mike Kowalski left banking to work for a friend’s property management company for a couple of years.
July 27 -
A part-time employee of Independence Federal Savings Bank in Washington and a public relations firm Independence had retained were behind a letter from a supposedly independent group criticizing a dissident shareholder's efforts to take over the thrift.
July 27 -
Sterling Bancshares Inc. of Houston has a deal to buy the $320 million-asset BOTH Inc. in Kerrville, Tex., for $72.5 million in cash and stock.
July 27 -
Midwest Banc Holdings Inc. in Melrose Park, Ill., reported lower-than-expected earnings after it boosting its loan-loss provision to account for the sudden deterioration of a commercial credit.
July 27 -
The president and chief executive officer of BCSB Bankcorp Inc. resigned Monday, four weeks after the Baltimore company revealed that it lost millions in a check-kiting scheme allegedly carried out by one of its commercial customers.
July 26 -
Merger talks between the Independent Bankers Association of Texas and the Texas Bankers Association have been called off - again.
July 26 -
Sterling Financial Corp. in Spokane said Tuesday that it has filed a shelf registration statement with the Securities and Exchange Commission to raise an additional $100 million of capital.
July 26 - Ohio
Unlike most banks, Crestmark Bank never set out to build long-term relationships with its customers.
July 26 - Texas
A San Francisco private equity firm is making good on its pledge to invest in high-growth markets other than California by buying a large stake in a Texas start-up.
July 26 - Tennessee
Pinnacle Financial Partners Inc. of Nashville said Monday that it had canceled its two-for-one stock split, citing interpretive guidance of Statement of Financial Accounting Standards No. 123 indicating that the split would result in additional charges.
July 25 -
A month after announcing plans to cut 8% of its work force, Sun Bancorp Inc. in Vineland, N.J., said Monday that it will close or sell five of its 80 branches by yearend.
July 25





