Community banking
Community banking
-
Community Bankshares Inc., a multibank holding company in Orangeburg, S.C., plans to combine its four separately chartered banks and its mortgage company under a single charter.
April 4 - Maryland
When American Bank FSB in Bethesda, Md., opened the first of two in-store branches in outlets of the Super Fresh grocery chain in 2003, bank officials started brainstorming ideas to attract grocery store employees to the bank.
April 3 -
Sterling Financial Corp. in Lancaster, Pa., said Friday that it has a deal to buy Bay Net Financial Inc. in Bel Air, Md., for $23 million in cash and stock.
April 3 - New Jersey
A merger between New Jersey’s two banking trade groups that seemed all but assured late last year has been called off, and no new discussions are scheduled.
April 3 -
Cathay General Bancorp in Los Angeles said Friday that it is buying a 20% stake in First Sino Bank in Shanghai for about $52.2 million.
April 3 -
-
One of Spain's largest banks wants to build a business wiring money from the United States to China, and it is looking to community banks here for help.
March 29 -
Assets at banks certified by the Treasury Department as community development financial institutions have more than tripled in the past six years, a report says.
March 29 -
Consumer groups have long argued that bank consolidation leads to diminished competition and higher loan rates in low-income neighborhoods.
March 29 -
ITLA Capital Corp. in La Jolla, Calif., has signed a deal that gives its customers free use of Wells Fargo & Co.'s branches and automated teller machines.
March 28 -
After losing close to $300,000 last year, Southern Connecticut Bancorp Inc. in New Haven expects to post a profit for the first quarter, said Michael M. Ciaburri, its president and chief operating officer.
March 28 -
Most banks build branches in communities where people already live, but First Banks Inc.'s current strategy is to open branches in areas where it expects people will be moving.
March 28 -
Throughout its 53-year history the Small Business Administration has always made disaster-relief loans directly, but after enduring months of criticism for its response to Hurricane Katrina, the agency is considering letting private-sector lenders make the loans instead.
March 27 -
House Ways and Means Committee chairman Bill Thomas is not too pleased with the National Credit Union Administration these days.
March 27 -
NorthStar Bancshares Inc. of Kansas City, Mo., has agreed to sell itself to Enterprise Financial Services Corp. of Clayton for $36 million in cash and stock.
March 24 -
Umpqua Bank is tweaking its branch design again, this time to fit better in dense urban neighborhoods.
March 24 - Alabama
NBC Capital Corp. in Starkville, Miss., is aggressively expanding outside its home state into faster-growing markets of the Southeast.
March 24 -
Activist investors challenging the management team at Synergy Financial Group Inc. in Cranford, N.J., have won the support of Institutional Shareholder Services for their bid to elect two representatives to Synergy's board.
March 24 -
Capitol Bancorp Ltd., of Lansing, Mich., has formed a wealth management subsidiary called Capitol Wealth Advisors. The unit, which will be based in Charlotte, is expected to be up and running by the end of the second quarter. It is meant to serve the richer customers of Capitol's 42 banks, which operate in 13 states.
March 24



