Community banking
Community banking
- Iowa
Metrobank in East Moline, Ill., is suddenly a hot commodity.
September 20 - North Carolina
Less than a year after its founder and chief executive was forced to resign for approving questionable loans, Integrity Financial Corp. in Hickory, N.C., has decided to sell itself.
September 20 - Ohio
Though Columbus is Ohio's capital and its third-largest metropolitan market, with a population of 1.5 million, it is also its most underbanked.
September 19 -
Financial Institutions Inc. of Warsaw, N.Y., has sold the employee benefits and compensation consulting firm Burke Group Inc. to First Niagara Financial Group Inc.
September 16 - Mississippi
Thirteen years ago Community Bank of Florida in Homestead was at the center of Hurricane Andrew's devastation, and dozens of volunteers, including many bankers, helped it get its offices up and running again and meet the basic needs of its employees.
September 16 - New Mexico
First State Bancorp of Albuquerque has a simple growth strategy: beef up in and around its hometown and establish itself in other fast-growing markets of the Southwest.
September 16 - California
Continuing the aggressive southern California expansion it has pursued almost without letup since it was founded, First Community Bancorp of Rancho Santa Fe, Calif., is buying Cedars Bank in Los Angeles.
September 15 -
Equity analysts initiated coverage on a number of West Coast banking companies this week.
September 15 -
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About 1,000 EmigrantDirect.com customers in areas ravaged by Hurricane Katrina found a surprise $1,000 deposit in their savings accounts last week, compliments of the online bank.
September 15 -
Profit Technologies Corp. seems to have taken to heart the old adage of keeping your friends close and your enemies closer.
September 14 - Louisiana
Gulf Coast bankers and at least two prominent lawmakers want Congress to give the Small Business Administration billions of dollars of special funding authority it could use to guarantee long-term, low-cost bank loans in the Katrina-ravaged region.
September 14 - Alabama
For 33 years Chevis Swetman has had a two-mile commute to his job at Peoples Bank in Biloxi, Miss. But since Hurricane Katrina hit the Gulf Coast two weeks ago, his commute has become even shorter - a 10-foot walk down a hallway.
September 13 -
Community banks have long had a reputation of delivering better service than their big-bank counterparts, but small-business owners say that the customer-service gap is narrowing.
September 13 -
Prudential Investments of Newark, N.J., which has been offering managed account services to midsize banks since mid-2004, will start going after smaller banks next year.
September 9 -
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Cathay General Bancorp in Los Angeles has entered into option agreements to buy a 41% stake in the $307 million-asset Great Eastern Bank in New York City for about $28.4 million.
September 8 - Louisiana
Hurricane Katrina did not drop much rain on the Plains states, but farmers there are feeling the storm’s aftereffects.
September 8 -
After going nearly three years without making an acquisition, First State Bancorp of Albuquerque has announced two deals in less than a week.
September 7 - Illinois
New Collateral Rules Expected to Boost Lending
September 7





