Community banking
Community banking
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Taylor Capital Group Inc. of in Rosemont, Ill., and the family that owned most of its stock hope the recent sale of 1.5 million shares will boost liquidity and raise its profile with investors and analysts.
August 26 -
Financial Institutions Inc. of Warsaw, N.Y., has hired a former Bank of America Corp. executive to turn around its struggling Wyoming County Bank there.
August 26 - Indiana
Mercantile Bank Corp., a Grand Rapids company founded in December 1997, has proved an exceptionally adroit commercial lender; its business-loan portfolio has increased by an average of 37% a year.
August 25 -
NEW ENGLANDCambridge Bancorp of Massachusetts has hired Albert R. Rietheimer as the chief financial officer and a senior vice president of the company and its $721 million-asset Cambridge Trust Co.
August 25 -
First Banks Inc. of St. Louis has agreed to buy First National Bank of Sachse, Tex., for $20.8 million in cash, 2.2 times the seller's book value.
August 24 -
Language is the biggest barrier to doing business with the fast-growing Hispanic population. To help banks overcome it, the American Bankers Association and Workplace Spanish Inc. of Roswell, Ga., have developed a program to teach front-line employees enough Spanish for basic banking transactions.
August 24 - South Dakota
The seven Wyoming bankers who run a booth each year at a trust administrators conference in Miami get some curious looks, Pamela G. Snell says.
August 24 -
First Community Bancshares Inc. of Bluefield, Va., has agreed to sell its branch in Clifton Forge to Sonabank of Charlottesville for $4 million.
August 23 - Virginia
Never much of an acquirer, Union Bancshares Inc. of Bowling Green, Va., is scouting for targets in four Virginia markets as it seeks to double its assets in five years.
August 23 -
Vineyard National Bancorp of Rancho Cucamonga, Calif., said Monday that it had issued $15 million of trust-preferred securities and would use the proceeds to support the growth of its Vineyard Bank.
August 23 -
The Office of the Comptroller of the Currency has updated its handbook on what national banks may do.
August 23 -
The Federal Deposit Insurance Corp. has approved plans by Southern Connecticut Bancorp of New Haven to open a bank in New London.
August 23 -
Community Bancorp Inc. of Escondido, Calif., has completed its $27.9 million acquisition of Rancho Bernardo Community Bank.
August 23 -
M&F Bancorp Inc. in Durham, N.C., said its second-quarter earnings rose 21% from the same period a year earlier, to $290,000.
August 23 - California
After years of torrid loan growth, Vineyard National Bancorp in Rancho Cucamonga, Calif., is playing catch-up on the deposit side.
August 22 -
Center Financial Corp. of Los Angeles is in danger of having its stock delisted, because it has not certified its second-quarter earnings statement.
August 22 -
Guaranty Bank of Milwaukee plans to enter the Atlanta retail banking market by opening 11 supermarket branches there.
August 22 -
Pacific Continental Corp. in Eugene, Ore., plans to enter Washington by buying the $143 million-asset NWB Financial Corp. of Seattle for $39 million.
August 19 - New York
Since New York Gov. George Pataki signed legislation in 1997 that gives banks incentives to build branches in low-income neighborhoods, only a handful have taken the state up on its offer.
August 19




