Community banking
Community banking
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When starting up a bank or putting a branch in a new community, don't underestimate the benefits of luring popular employees from the established banks there.
April 27 -
For several years some California community banks have made themselves profit standouts by concentrating on the fast-growing Chinese-American and Korean-Americans communities, known for entrepreneurship and saving.
April 27 -
The $7.8 billion-asset Citizens Banking Corp. in Flint, Mich., said Monday that it had consolidated its two banking charters and renamed its Wisconsin subsidiary Citizens Bank.
April 26 -
Making good on its announcement of 10 days ago, Hudson United Bancorp of Mahwah, N.J., reported Monday that it earned $29.7 million, 66 cents a share, in the first quarter, 4% less than it did a year earlier.
April 26 -
Washington Trust Bancorp Inc. of Westerly, R.I., reported a 9% jump in first-quarter net income Monday, saying that revenue growth outpaced salary and benefit costs in the period.
April 26 -
F.N.B. Corp. of Hermitage, Pa., announced Monday that it would buy Erie County's second-oldest community bank, the $69 million-asset National Bank of North East.
April 26 -
Independent Bank Corp., of Ionia, Mich., announced first-quarter earnings Monday of $11.3 million, up 35% from the same quarter last year. Diluted earnings per share were of 53 cents were up 24% but missed the average of analysts' expectations by a penny.
April 26 - Texas
When Houston's Anadarko Petroleum Corp. decided late last year to automate its process for verifying leases and paying property owners, it asked Southwest Bancorp. of Texas Inc., not a software company, to do the job.
April 26 -
The Federal Reserve Board said Civitas BankGroup Inc. of Franklin, Tenn., has signed an enforcement order in which it agreed to strengthen internal audit functions and hire a consultant to review its management and board.
April 26 -
Columbia Bancorp in Columbia, Md., announced Monday first-quarter earnings of $3.8 million, up 28.4% from a year earlier.
April 26 -
MB Financial Inc. of Chicago said Friday that its first-quarter earnings rose 17.7% from the same quarter last year, to $17.2 million.
April 25 -
Community Bancorp Inc. of Escondido, Calif., has agreed to buy the $113.8 million-asset Rancho Bernardo Community Bank for $33.2 million in cash and stock.
April 25 - Nevada
Nevada lawmakers are taking a second stab at legislation to prevent Wal-Mart Stores Inc. from obtaining an industrial loan company charter - even though the retail giant is not seeking one there.
April 22 -
Simmons First National Corp. in Pine Bluff, Ark., said Thursday that earnings in the first quarter rose 8.3% from a year earlier, to a record $5.9 million.
April 22 -
First Merit Corp. of Akron reported Thursday that first-quarter earnings were up 136% from a year earlier, to $30 million.
April 22 -
TCF Financial Corp. of Wayzata, Minn., announced Wednesday that first-quarter earnings rose 5% from a year earlier, to $63.5 million.
April 21 -
Lawrence B. Seidman has a well-documented history of shareholder activism, so when he disclosed that his investment group had bought a 5% stake in Interchange Financial Services Corp. of Saddle Brook, N.J., analysts and investors began buzzing that Interchange might soon be in play.
April 21 -




