Community banking
Community banking
- New Jersey
Now that the question of whether Hudson City Bancorp’s much-anticipated second-step conversion will take place has been answered, speculation has shifted to what the Paramus, N.J., company will do with all that money.
December 20 -
SCBT Financial Corp. of Columbia, S.C., announced Friday that it would buy the $94 million-asset New Commerce BanCorp of Greenville, S.C., for $20 million in cash.
December 20 -
Umpqua Holdings Corp. in Portland, Ore., has named Brian Timm, the chief financial officer of Columbia Sportswear Co., to its board of directors.
December 17 -
Banknorth Group Inc.'s largest shareholder, which had been hinting that it might vote against Toronto-Dominion Bank's offer to buy a 51% stake in Banknorth, is now throwing its support behind the offer.
December 17 -
Glacier Bancorp Inc. of Kalispell, Mont., has a deal to buy the $110 million-asset Citizens Community Bank in Pocatello, Idaho, for $17 million in cash and stock.
December 17 -
Boston Private Financial Holdings Inc. said Thursday that Robert J. Whelan had joined it as chief financial officer.
December 17 -
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National Credit Union Administration Chairman JoAnn Johnson defended her agency after a federal judge in Utah said last week that it had acted improperly in letting a credit union expand its community charter to six counties.
December 16 - Illinois
Illinois banks and credit unions, angry with the governor for raising examination fees last year to help balance the budget, are fighting back.
December 16 - Michigan
Many bankers spend time in their state capitals and in Washington lobbying legislators to pass laws supporting the banking industry.
December 15 -
Nice guys do not always finish last.
December 15 - Oregon
Encouraged by the success of its expansion into Phoenix, CoBiz Inc. of Denver aims to nearly double its assets, to $3 billion, by 2007 - with $1 billion in Arizona alone.
December 14 -
The America's Community Bankers Nasdaq Stock Index is up nearly 20% since its inception a year ago, while its market capitalization has increased 9%, to about $190 billion.
December 14 -
EVANSVILLE, Ind. - Old National Bancorp has been plagued by credit troubles and lackluster earnings for two years, but its new president and chief executive insists he has not stepped into a turnaround situation.
December 13 -
Vineyard National Bancorp of Rancho Cucamonga, Calif., said Thursday that it plans to raise $15 million in a private offering, expected to close today, to certain institutional investors.
December 10 - Pennsylvania
KNBT Bancorp of Bethlehem, Pa., plans to expand into three more counties in its home state by acquiring Northeast Pennsylvania Financial Corp. in Hazelton.
December 10 - Illinois
Keefe, Bruyette & Woods Inc. downgraded Midwest Banc Holdings Inc.'s stock after the Illinois company said it would reposition its balance sheet to hedge against earnings volatility and rising interest rates.
December 10 -
CFS Bancorp Inc. of Munster, Ind., said it has paid $42 million of prepayment penalties to restructure its Federal Home Loan Bank borrowings.
December 10 - Illinois
First the Chicago suburbs put the clamps on new bank branches, and now the city is trying to do the same.
December 10




