Community banking
Community banking
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WASHINGTON - The Federal Deposit Insurance Corp. chief said Wednesday that despite the challenges Gulf Coast banks face as they try to rebuild from this year's hurricanes, he does not expect any will fail.
December 15 - Puerto Rico
First BanCorp of San Juan, Puerto Rico, said Tuesday that pending accounting corrections could leave its main subsidiary, FirstBank, below regulators' definition of "well capitalized."
December 14 - West Virginia
Premier Financial Corp. in Huntington, W.Va., announced Tuesday that the Federal Deposit Insurance Corp. and the Kentucky Office of Financial Institutions had terminated a cease-and-desist order against one of its subsidiaries, Farmers Deposit Bank in Eminence, Ky.
December 14 - Illinois
Bank Calumet of Hammond, Ind., is an anomaly in its home state. While the average bank and thrift in Indiana has a loan-to-deposit ratio of above 100%, Bank Calumet is a more conservative lender, with a ratio of less than 75%.
December 14 -
ESB Financial Corp. of Ellwood City, Pa., said it expects to take a $2.5 million pretax loss in the fourth quarter as a result of a balance-sheet restructuring.
December 13 -
The $9.9 billion-asset First Federal Bank of California has joined the growing list of banks and thrifts with online-only units meant to gather deposits.
December 13 -
Summit Bank Corp. of Atlanta announced Monday that it is buying a Houston bank that targets Asian-Americans.
December 13 - New York
A quirk in New York State's municipal finance law effectively bars savings institutions in the state from accepting government deposits, but a handful are taking advantage of ways around the prohibition.
December 12 - Louisiana
The directors of the Louisiana Bankers Association and the Community Bankers of Louisiana have agreed to merge into a single trade group to represent all banks in the Bayou State.
December 12 -
F.N.B. Corp. of Hermitage, Pa., announced a balance-sheet restructuring Thursday that it said will result in an $11.2 million charge against fourth-quarter earnings.
December 9 - California
Former shareholders of Napa Community Bank in California are suing the bank's parent, Capitol Bancorp Ltd. of Lansing, Mich., claiming Capitol paid too little for their shares when it acquired them in June.
December 9 - New Jersey
Looking back on nearly 28 years as a bank trade group executive, Samuel J. Damiano says the high point came early on.
December 9 -
Like many other community banks, the $139 million-asset Cattaraugus County Bank in Little Valley, N.Y., devotes a healthy amount of resources to currency-transaction reports.
December 8 -
Responding to a shareholder's request for a sale, Carroll C. Markley, the chairman and chief executive of Millennium Bankshares Corp. of Reston, Va., said it remains strong and is conducting "strategic initiatives" to improve profitability.
December 8 -
Trying to pinpoint the next acquisition target in the banking sector is something of a sport on Wall Street and on Wednesday two investment banking companies weighed in with their choices.
December 8 -
NEW ENGLANDBank Rhode Island of Providence has hired Jeffrey W. Angus as its chief operating officer.
December 8 - Washington
Banner Corp. in Walla Walla, Wash., has been able to build core deposits so well through branch-building that it is vastly reducing its reliance on more costly Federal Home Loan Bank advances.
December 7 - Illinois
Though its latest acquisition deal is its biggest ever, Wintrust Financial Corp. of Lake Forest, Ill., is not looking for even bigger targets, its chief executive says.
December 7 -
Intermountain Community Bancorp in Sandpoint, Idaho, is planning to use its nearly $12 million of net proceeds from a recent oversubscribed stock offering to open branches in new markets and make more loans.
December 6






