Community banking
Community banking
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Webster Financial Corp. of Waterbury, Conn., is joining a growing list of banking companies taking steps to hold down costs.
January 30 -
FNB Corp. in Christiansburg, Va., said Friday that it earned a record $4.6 million in the fourth quarter, up nearly 24% from the year-earlier period. Earnings per share rose 23.5%, to 63 cents.
January 30 -
The Nasdaq Stock Market has told Pocahontas Bancorp Inc. in Jonesboro, Ark., that it is in noncompliance with a listing requirement that a majority of its directors be independent.
January 30 -
Dime Community Bancshares Inc. in Brooklyn, N.Y., said fourth-quarter net income dropped 12% from a year earlier, to $9 million.
January 30 -
Core deposits continue to shrink at banks in most parts of the country - squeezing margins and dampening earnings - and experts say the trend will get worse before it gets better.
January 27 -
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Franklin Financial Services Corp. in Chambersburg, Pa., is buying Fulton Bancshares Corp. in McConnellsburg, Pa., for $23.5 million in cash and stock.
January 25 -
For banks, 2005 may go down as the year of the shrinking margin. The industry struggled against tough competition for loans and deposits, an inverted yield curve, and eight quarter-point increases to the federal funds rate.
January 25 -
Commercial Capital Bancorp Inc. of Irvine, Calif., blamed a drop in fourth-quarter earnings on higher salary expenses and ongoing costs to defend itself in a lawsuit over trade secrets.
January 24 - Indiana
Gerald R. "Jerry" Francis' latest turnaround job has been his fastest yet.
January 24 -
PanAmerican Bank of Miami has received regulatory approval to change its name to Sun American Bank, and it began trading under the new ticker symbol SBK on Monday.
January 24 -
First State Bancorp in Albuquerque reported Monday that it had net income of $6.1 million in the fourth quarter, up 45% from the year-earlier period, and a record $21.4 million in earnings for the year, up 41%.
January 24 - Florida
BankUnited Financial Corp. in Coral Gables, Fla., which has been opening roughly one branch a month since mid-2004, is raising $150 million to keep building in deposit-rich Florida.
January 23 -
First Community Bancorp in Rancho Santa Fe, Calif., said Friday that it earned $15.3 million in the fourth quarter, up 46.3% from the year-earlier period.
January 23 -
Prosperity Bancshares of Houston reported a 35% increase in fourth-quarter income, but SNB Bancshares Inc., the Sugar Land, Tex., company it is buying for $243 million, was not as successful.
January 23 -
FirstMerit Corp. of Akron said Thursday that it earned $31.2 million in the fourth quarter, 9.9% more than a year earlier.
January 20 -
WASHINGTON - It has been a challenging few months for Hector V. Barreto, but the administrator of the Small Business Administration insists that the heat is not getting to him.
January 20 -
The $6.5 billion-asset Chittenden Corp. in Burlington, Vt., reported fourth-quarter earnings of $21.8 million, 9% more than in the 2004 quarter.
January 20





