Community banking
Community banking
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AmeriServ Financial Inc. in Johnstown, Pa., will take a charge of $10 million to $11 million this quarter, because of penalties associated with prepaying Federal Home Loan Bank advances.
September 28 -
A Denver certificate of deposit broker is trying to pair investors with banks in hurricane-ravaged areas that could use the money, but so far it has been slow going.
September 28 -
Community Bancorp of Nevada said it has closed a $20 million private placement of trust-preferred securities.
September 28 -
Northway Financial Inc. in Berlin, N.H., plans to merge its two banking subsidiaries and name the combined entity Northway Bank.
September 27 -
Fidelity Investments says it plans to expand distribution of its 401(k) services through better penetration with advisers at banks.
September 27 -
CCF Holding Co. of Jonesboro, Ga., announced Monday that it would take an $835,000 charge this quarter because a property in its real-estate-owned holdings lost value.
September 27 -
The one-branch Paragon Commercial Corp. of Raleigh plans to open its second branch 170 miles away, in Richmond, Va.
September 27 - Michigan
Despite a victory in the early rounds of a debate over Michigan's corporate taxes, bankers are keeping a wary eye on the capital as the governor and the Legislature negotiate a compromise.
September 27 - Kansas
In 2003, right after Gold Banc Corp. announced that it wanted to sell 12 branches in central Kansas, Leonard Wolfe received two phone calls.
September 26 -
Tower Bancorp Inc. of Greencastle, Pa., has agreed to buy FNB Financial Corp. of McConnellsburg for $31.2 million in cash and stock.
September 23 - Texas
After Hurricane Katrina leveled much of the Gulf Coast, bankers in the hardest-hit areas cited the inability to communicate with key employees as one of the biggest obstacles to getting banks up and running again.
September 23 -
Midwest Banc Holdings Inc., of Melrose Park, Ill., announced Thursday that regulators have lifted the enforcement order under which it had been operating since March of last year.
September 23 - Vermont
The Association for Enterprise Opportunity in Arlington, Va., has a distinct mission: helping owners of the smallest businesses build credit histories, so they can qualify for traditional bank loans.
September 22 - Illinois
Under new ownership, California Savings Bank in San Francisco is expanding beyond its traditional thrift roots in search of bigger profits.
September 22 -
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Seven years after it went public, United Tennessee Bankshares Inc. in Newport says it can no longer justify the expense and plans to go private.
September 21 -
Banks mostly owned by Asians, African-Americans, Hispanics, and Native Americans grew faster than mainstream banks last year, and the trend is expected to continue as the minority population grows.
September 21 -
President Bush's efforts to overhaul regulation of the government-sponsored enterprises, eliminate estate taxes, and permanently reduce dividend, capital gains, and other taxes have been diverted by Hurricane Katrina recovery, a top administration official acknowledged for the first time Tuesday.
September 21





