Community banking
Community banking
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Community Bancorp in Las Vegas is expanding in Arizona by buying the $43 million-asset Cactus Commerce Bank in the Phoenix suburb of Glendale for $13.3 million in cash.
July 25 -
Royal Bancshares of Pennsylvania Inc. in Narberth, Pa., said Monday it earned $4.6 million in the second quarter - which is either an 11% increase or a 37% drop from a year earlier, depending on whether nonrecurring items are excluded.
July 25 - Oregon
Like any other start-up, Summit Bank in Eugene, Ore., wanted to make a name for itself quickly.
July 25 -
Frontier Financial Corp. in Everett, Wash., said Monday that strong loan growth powered a 36% increase in its second-quarter earnings, to $17.4 million.
July 25 - Kansas
Emprise Financial Corp. in Wichita said Monday that it had bought the $274 million-asset Prairie Capital Inc. in Augusta, Kan., for $25.9 million in cash.
July 25 - Georgia
Daniel Blanton, the president and chief executive of Georgia Bank and Trust Co., had a curious problem.
July 24 - Illinois
To reach its profit goals, Taylor Capital Group Inc. in Rosemont, Ill., said it needs to add about 80 core commercial customers this year.
July 24 -
First Republic Bank in San Francisco said its second-quarter earnings rose 21% from a year earlier, to $15.4 million, because of strong loan growth.
July 21 -
Chittenden Corp. of Burlington, Vt., said its second-quarter profits rose 7.6% from a year earlier, to $21 million.
July 21 -
As the president of Nationwide Financial Services Inc.'s new retail bank, Anne L. Arvia has no doubt what her biggest challenge will be: getting Nationwide's insurance customers to use its banking products and services.
July 21 -
BankAtlantic Bancorp Inc.'s chief executive said it has postponed its initial public offering of Ryan Beck & Co. Inc., because of the unit's poor second-quarter results and the lackluster demand for investment banking stocks in general.
July 21 -
More and more of City National Bank's business customers are doing business in China and have been asking the Los Angeles bank if it could provide banking services there.
July 21 - Massachusetts
A day after announcing a $116 million deal for Westbank Corp. in West Springfield, Mass., Peyton R. Patterson, the chairman, president, and chief executive officer of NewAlliance Bancshares Inc., promised more to come.
July 20 - Texas
Prosperity Bancshares Inc. in Houston continued its steady march across Texas on Wednesday, announcing a deal to buy the $1.8 billion-asset Texas United Bancshares Inc. in La Grange for $357 million.
July 20 -
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S&T Bancorp Inc. in Indiana, Pa., said loan losses caused its second-quarter profits to drop 28% from a year earlier, to $11.2 million.
July 19 -
Amcore Financial Inc. said Tuesday that it expects to enter a consent order with the Office of the Comptroller of the Currency this quarter that will require it to strengthen Bank Secrecy Act and anti-laundering compliance.
July 19 -
Coast Financial Holdings Inc. in Bradenton, Fla., has fired president and chief executive officer Brian Peters and named its chief financial officer as his replacement.
July 19 -
NewAlliance Bancshares Inc. in New Haven, Conn., said late Tuesday that it has a deal to buy Westbank Corp. in West Springfield, Mass., for $116 million.
July 19 -
Industrial Bank of Taiwan Co. Ltd. said Tuesday that it is buying the $331 million-asset EverTrust Bank in City of Industry, Calif., for $67 million.
July 19




