Community banking
Community banking
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Continuing its aggressive expansion in its home state, Cullen/Frost Bankers Inc. of San Antonio announced Monday that it had agreed to buy the $1.1 billion-asset Summit Bancshares Inc. of Fort Worth for about $366 million in cash and stock.
July 5 -
F.N.B. Corp. in Hermitage, Pa., announced Friday that its president and chief executive, Stephen J. Gurgovits, will step down Dec. 31, 2008.
July 3 - Georgia
Best known as a mortgage lender, Flagstar Bancorp Inc. in Troy, Mich., is trying to make a bigger name for itself in retail banking.
July 3 -
BCSB Bankcorp Inc. of Baltimore announced that it would take an after-tax charge of $6.9 million, or $1.18 a share, for its fiscal third quarter, which ended Friday, because of losses from a check-kiting scheme.
July 3 -
Old National Bancorp, which has not bought a bank since 2000, is embracing the time-tested acquisition strategy of courting potential targets.
June 27 -
‘Career Plaintiff’ at the Ready for Telemarketers
June 26 -
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Castle Creek Capital LLC, a merchant banking organization in Rancho Santa Fe, Calif., has agreed to buy The Bank in Melbourne, Fla., for about $45 million.
June 26 - Texas
AUSTIN - Texas legislators are studying the idea of merging the state's bank, thrift, credit union, and consumer credit supervisors into a single agency.
June 26 - Pennsylvania
Community Banks Inc. wants to significantly expand the trust and wealth management services in its Pennsylvania footprint as it looks to eclipse $1 billion of assets under management.
June 23 - Illinois
Corus Bankshares Inc. appears to be taking a breather from lending to condominium developers.
June 23 -
The National Credit Union Administration’s vice chairman entered hostile territory this week, offering an olive branch to a group of North Carolina bankers.
June 23 -
Leesport Financial Corp. in Wyomissing, Pa., announced Thursday that it is eliminating 14 jobs to trim overhead and improve efficiency.
June 23 -
The Federal Deposit Insurance Corp. is warning institutions about the risk of outsourcing technology, data processing, and call center services to foreign countries.
June 23 -
The National Credit Union Administration approved a rule to limit credit union expansion into underserved areas.
June 23 -
USAA Federal Savings Bank, one of the nation’s largest branchless banks, is accepting deposits at more than 4,100 United Parcel Service stores.
June 22 -
- Texas
AUSTIN - The largely unregulated industry of property-tax lending is about to get more oversight.
June 22




