Community banking
Community banking
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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 -
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The Independent Community Bankers of America asked congressional tax writers to study whether all credit unions should continue to be exempt from paying taxes on their earnings.
April 20 -
Westamerica Bancorp of San Rafael, Calif., said its first-quarter earnings dipped because of a loss from the sale of securities.
April 20 -
Fidelity Bankshares Inc. of West Palm Beach, Fla., said its first-quarter earnings rose 19.8% from the same period last year, to $6.8 million.
April 20 - Virginia
When Georgia Derrico and Roderick Porter sold the Virginia bank they had run for nearly two decades, their plan was to retire and split their time between their homes in northern Virginia and southern Italy.
April 20 -
My friend Bob Kafafian heads the Kafafian Group of Parsippany, N.J., which advertises itself as a finance, strategy, and operations consulting firm. But having known him for two decades, I think his greatest strength is common sense.
April 20 -
More community banks are switching auditors as their old ones turn down their business, raise fees, or quit the account.
April 19 -
BankUnited Financial Corp. of Coral Gables, Fla., said Monday that its second-quarter earnings rose 13% from a year earlier, to $13.6 million.
April 19 -
After reporting lower-than-expected first quarter earnings Monday, executives at the acquisitive South Financial Group Inc. of Greenville, S.C., said they are swearing off more deals, at least until next year.
April 19 -
Texas Regional Bancshares Inc. reported Monday that its first-quarter net income rose 39%, to $23.8 million.
April 19 -
First BancTrust Corp., of Paris, Ill., announced Monday that it has agreed to acquire Rantoul First Bank for $4.2 million in cash.
April 19 -
Earnings season is still young, but last week’s reports make it clear some banking companies are finding deposits harder to come by and are either paying more for them or going to the wholesale markets to fund loans.
April 18



