Community banking
Community banking
- Florida
Now that PrivateBancorp Inc. has established itself in some of the Midwest's more affluent markets, it is ready to start following its customers to Florida and Arizona, where many of them spend their winters.
July 6 -
A Connecticut man's admission last week that he bought shares of NewAlliance Bancshares Inc. illegally when it went public last year illustrates the lengths to which some will go to get in on thrift conversions.
July 5 -
After months of delay, Nara Bancorp Inc. of Los Angeles has finally reported earnings for the first quarter and all of 2004.
July 5 - California
By acquiring United National Bank, East West Bancorp of San Marino, Calif., would overtake longtime rival Cathay General Bancorp as the nation's largest Asian-American banking company.
July 5 -
The $1.5 billion-asset ABC Bancorp of Moultrie, Ga., is buying the $255 million First National Banc Inc. of St. Marys, Ga., for $34.8 million.
July 5 - North Carolina
Many banks sell themselves because they lack the capital to grow, but 1st State Bancorp Inc. in Burlington, N.C., is selling because it has too much.
July 1 -
North Shore Bank of Brookfield, Wis., announced Thursday it had agreed to buy Illinois State Bank of Lake in the Hills.
July 1 - Illinois
MAF Bancorp Inc.’s deal to buy the third-largest bank in Kane County, Ill., would instantly give it a much higher profile in Chicago’s fast-growing northwest suburbs.
July 1 -
- Hawaii
No state has fewer community banks than Hawaii, and one group of bank organizers says the time has come to help fill that void.
June 30 - Massachusetts
Though the capital raised by the average start-up set a record last year, a would-be Internet bank targeting prosperous African-Americans is struggling to find investors.
June 30 -
The House voted 405 to 2 Tuesday for a bill designed to protect military personnel from abusive insurance and mutual fund products.
June 29 - Oregon
By adding coffee bars, Internet kiosks, and art exhibits to some of its branches, Umpqua Bank in Portland, Ore., has sought to create an atmosphere that customers are in no rush to leave. Ideally, someone might hang around long enough to apply for a loan or open an account.
June 29 - New Jersey
Conventional wisdom in banking says it is cheaper to build than buy, but Interchange Financial Services Corp. of Saddle Brook, N.J., is turning that axiom on its head.
June 29 - Illinois
Michael P. Rose defines the “emerging affluent” as highly paid professionals who want help with financial planning but are not quite rich enough to interest traditional private banks.
June 28 - New York
Fifty years ago Ridgewood Savings Bank of Brooklyn built New York City’s first drive-through banking lanes as a convenience for busy Brooklyn and Long Island residents.
June 28 -
Western Sierra Bancorp in Cameron Park, Calif., and Gold Country Financial Services Inc. in Maryville have terminated their merger, originally scheduled to close in April.
June 27 -
With less than 1.875 million shares outstanding and fewer than 300 shareholders, Centrix Bank in Bedford, N.H., is not on many investors’ radar screens.
June 27 -
Like many banks that were established in the late 1990s, Falls Bank in Stow, Ohio, had hit a wall.
June 24




