Community banking
Community banking
- North Carolina
First Charter Corp. in Charlotte has always had ties to churches, providing them with building loans and other types of financing.
October 24 -
Fidelity Southern Corp. in Atlanta said in a regulatory filing Wednesday that it would consider a merger or acquisition in the near future.
October 21 -
Iberiabank Corp. in Lafayette, La., reported a third-quarter loss of $1.3 million after it substantially boosted its loan-loss provision to cover expected defaults from customers affected by Hurricanes Katrina and Rita.
October 21 -
Chittenden Corp. of Burlington, Vt., reported a 10% increase in third-quarter net income, to $21.7 million, as well as an increased net interest margin, continued low chargeoffs, and its lowest efficiency ratio in five years.
October 21 - California
For years after its founding in 1977, County Bank of Merced, Calif., hummed along as a tiny community bank, serving farmers and mom-and-pop businesses in and around the small San Joaquin Valley town.
October 21 -
Provident Bankshares Corp. in Baltimore announced Thursday third-quarter earnings rose 11% from a year earlier, to a record $20 million.
October 21 -
Five weeks after opening its first branch in Lynchburg, Va., American National Bankshares Inc. has agreed to buy a community bank that is headquartered there.
October 20 -
Amalgamated Bank in New York appointed its outside counsel, Derrick Cephas, to be its president and chief executive Wednesday, succeeding the retiring Gabriel Caprio.
October 20 - Alabama
Under normal circumstances, Gulf Coast Bank and Trust Co. in New Orleans would not temporarily finance a small company's payroll or allow a business customer to defer loan payments for several months.
October 20 -
Gold Banc Corp. in Leawood, Kan., will pay the Internal Revenue Service nearly $3.5 million of taxes on interest it received on multifamily revenue bonds purchased in 2001 and 2002.
October 19 -
CNB Financial Corp. of Clearfield, Pa., plans to expand into Erie next year by creating a separately branded unit of its $750 million-asset County National Bank.
October 19 -
National Penn Bancshares Inc. in Boyertown, Pa., announced that its third-quarter income rose 7.8% from the same quarter a year earlier, to a record $14.8 million.
October 19 -
LSB Bancshares Inc. in Lexington, N.C., reported Monday that its third-quarter earnings rose 40% from the same period last year, to $2.5 million.
October 18 -
F. Weller Meyer, America's Community Bankers' incoming chairman, is one of the most active members of the Washington trade group.
October 18 -
Two Rhode Island thrifts, Newport Federal Savings Bank and Westerly Savings Bank, said Monday that they have merged to form a thrift with five branches and $263 million of assets.
October 18 -
Corus Bankshares Inc. reported that its third-quarter earnings rose 41% from the same period last year, to $39.8 million, powered by soaring demand for its construction and development loans.
October 18 -
Texas Regional Bancshares Inc.'s chairman and chief executive said it is continuing to defer bonuses for senior executives; he does not expect to pay any this year and will not authorize any until nonperforming assets drop by about 50%.
October 18 - Louisiana
Until Hurricane Katrina flattened much of the Gulf Coast, the $5.4 billion-asset Hancock Holding Co. was on pace to report record third-quarter earnings.
October 17 - California
UCBH Holdings Inc. of San Francisco had been expanding in New York by opening a few branches at a time, but it abruptly changed course last week with a $103.6 million deal to buy Great Eastern Bank.
October 17 - Illinois
The $1.6 billion-asset ShoreBank in Chicago is widely considered a model community development financial institution, but its 11-year-old Cleveland unit never made the grade.
October 17


