Community banking
Community banking
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Exchange National Bancshares Inc. of Jefferson City, Mo., is buying the $171 million-asset Bank 10 in Belton for $32 million.
March 2 -
First Merit Corp. of Akron said Tuesday that it had revised its fourth-quarter and full-year earnings to reflect a $3.8 million impairment charge on $25 million of preferred stock in Fannie Mae and Freddie Mac.
March 2 - Michigan
Paul Tobias met James C. Bess last spring and says he was so impressed with what the executive had done to fix the troubled North Country Bank in Manistique, Mich., that he decided to buy it.
March 1 - New Jersey
Hudson City Bancorp of Paramus, N.J., expects to raise $3.5 billion to $4.7 billion in its second-step conversion to a 100% stock-traded company.
March 1 -
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Small community banks are going private at an increasingly rapid rate, and most cite regulatory compliance costs as the primary factor behind the trend.
February 28 -
The National Credit Union Administration is asking Congress to approve new capital requirements for credit unions.
February 28 - Tennessee
Greene County Bancshares Inc. was an also-ran in Tennessee when it opened its first metropolitan branch in Knoxville 14 months ago, with modest growth plans that called for adding a couple of branches a year.
February 25 -
Grant Thornton's 12th annual survey of community bank executives found that newer regulations are causing these bankers to shift priorities and reconsider ownership structures.
February 25 -
Hudson United Bancorp in Mahwah, N.J., has rejected suggestions that its decision to close the accounts of an Islamic school in Union City, N.J., was motivated by religious bias.
February 25 - Ohio
John R. Cochran, the chairman and chief executive of FirstMerit Corp. of Akron, says this will be its breakout year.
February 24 - Pennsylvania
National Penn Bancshares Inc. released details Wednesday of a scheme perpetrated by one of its employees that affected roughly 85 customers.
February 24 -
Integrity Financial Corp. of Hickory, N.C., has retained McColl Partners LLC, the Charlotte investment banking firm founded by Bank of America Corp.'s former chairman, to explore "strategic alternatives."
February 24 -
After a two-year battle concerning whistleblower protection, the Department of Labor has ordered Cardinal Bankshares Inc. of Floyd, Va., to reinstate its former chief financial officer, David Welch.
February 24 -
What did a janitor, a Harlem canvasser, a de facto educator, and two car thieves have in common?
February 23 - New York
New York banks oppose Gov. George E. Pataki's move to eliminate a tax break on income from real estate investment trusts that are owned by corporations.
February 23 -
Touchstone Investments, a wholesale fund firm, says it plans to aggressively expand assets under its management by acquiring portfolios from small fund companies and small banks.
February 23 - New Jersey
Yardville National Bancorp of Hamilton, N.J., is spending $32,000 for some advice - and some time.
February 22 -
Farm lenders have concerns with three provisions in the Bush administration's recently proposed agriculture budget that are meant to save the government $587 million in fiscal 2006 and $5.7 billion over the next 10 years.
February 22




