Community banking
Community banking
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The pending merger of the New York Bankers Association and the Community Bankers Association of New York State would be the eighth between state bank and thrift trade groups since 2000.
November 23 -
After years of alerting consumers to the dangers of high-cost credit products such as payday loans and fee-based overdraft protection, the Consumer Federation of America is sounding the alarm on a new threat: car title loans.
November 23 - California
Commercial Capital Corp. bought Hawthorne Financial Corp. in June 2004 largely for Hawthorne's deposits, but an investment bank's recent analysis of deposit trends at California banks and thrifts suggests that the acquisition has not worked out as well as planned.
November 22 -
WASHINGTON - The Senate and House last week approved legislation to boost the federal flood insurance program's borrowing authority to $18.5 billion. President Bush is expected to sign the measure shortly.
November 22 -
At a hearing this month, House Ways and Means Chairman Bill Thomas rejected banks' calls to make big credit unions pay federal income tax, but he criticized credit unions' federal regulator for not collecting data showing how well the industry serves people with modest incomes.
November 21 -
Prosperity Bancshares Inc.'s biggest deal ever could be its most challenging too.
November 18 -
University Bancorp Inc. in Ann Arbor, Mich., will move next month to a new headquarters building that is more than double the size of its current one - and the upgrade is costing it only $700,000.
November 18 -
Hundreds of community banks make Small Business Administration loans, but for the vast majority they are little more than a sideline.
November 17 -
When interest rates were hovering at or near record lows, agricultural banks were generally able to fund variable-rate farmland loans with certificates of deposit.
November 16 -
Northwest Bancorp Inc. of Warren, Pa., announced an acquisition deal that would double its branch count in the Baltimore area.
November 16 - Pennsylvania
Between 1997 and 2004, Susquehanna Bancshares Inc. of Lititz, Pa., focused its expansion efforts within its home state, buying banks in Pottstown, York, Everett, and Bryn Mawr. Now it is looking farther afield.
November 16 -
Provident Bankshares Corp. in Baltimore announced revised earnings data Tuesday for the first, second, and third quarters of this year and all of 2004.
November 16 -
KNBT Bancorp Inc. of Bethlehem, Pa., announced Tuesday that it is acquiring Paragon Group Inc. of Allentown, Pa., which owns Trust Co. of Lehigh Valley.
November 16 - Washington
The management of Independence Federal Savings Bank has succeeded in blocking a bid by its largest shareholder to take control of the Washington thrift’s board, but its chief executive, Thomas Batties, is not resting easy.
November 15 - California
Brian Hyzdu, the president and chief executive of Service 1st Bank in Stockton, Calif., had so much fun opening it in 1999 that a few years later he started a side business: advising on organizing banks.
November 14 -
The 4-year-old Transcommunity Financial Corp. of Richmond, Va., said it lost $72,000 in the third quarter, only 15% as much as a year earlier.
November 14 - New York
New York Private Bank and Trust Corp., the parent company of Emigrant Savings Bank, is said to be shopping part of the thrift's branch network, 10 months after a push by Emigrant into online banking.
November 14 - Florida
Malcolm M. "Mick" Aslin is having the last laugh.
November 14 -
Team Financial Inc. in Paola, Kan., said third-quarter earnings slipped 23.5% from a year earlier, to $881,000, partly because it sold its Team Insurance Group Inc. at the end of last year.
November 14 -
Most community bankers view credit unions and regional banks as their chief competitors, but McCall Wilson, the president of Bank of Fayette County in Tennessee, is more concerned about start-up banks.
November 9







