Community banking
Community banking
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Farm Credit Services of America ACA of Omaha has agreed to pay Rabobank Group a $10 million fee to terminate its deal to sell itself to the Dutch giant.
December 2 -
Banks have been getting bad press for raising credit card interest rates - sometimes doubling them - and slapping fees on borrowers who have not met repayment terms or have developed credit problems the issuer learned of. Last week The New York Times and the Public Broadcasting Service's "Frontline" ran a full-page story and full-hour program on the topic.
December 1 - California
PFF Bancorp in Pomona, Calif., can thank a red-hot real estate market for its surging share price.
December 1 -
Lakeland Bancorp Inc. has reached a settlement agreement with one of three insurance companies over a pool of nonperforming commercial leases.
November 30 - North Carolina
R. Steven Aaron is largely responsible for making Integrity Financial Corp. in Hickory, N.C., what it is today.
November 30 -
Main Street Inc. of Atlanta announced Monday that it has filed a prospectus to sell an additional 1.5 million shares in a common stock offering.
November 30 -
Coast Financial Holdings Inc. of Bradenton, Fla., plans to open four branches soon in a neighboring county.
November 30 - Massachusetts
Wainwright Bank and Trust Co. is well known around Boston as one of the city's more progressive banks, but it has little name recognition elsewhere.
November 29 -
WASHINGTON — Critics of the legislative process say laws that pass without meaningful opposition are often the ones that spawn troublesome unintended consequences. Community bankers offer the Sarbanes-Oxley Act as an example.
November 29 -
Independence Federal Savings Bank of Washington has terminated a shareholders rights plan that had effectively blocked its largest stockholder, Morton Bender, from acquiring more shares.
November 29 -
Greater Bay Bancorp of Palo Alto, Calif., said Friday that it had received a "request for information" from the Texas Department of Insurance about the business its insurance brokerage subsidiary does in the state.
November 29 - Ohio
Though most banking companies are sorry to lose any customer, they work a little harder to keep big-dollar accounts; some maintain special call centers for these depositors, for example, and an officer is quick to call if they seem dissatisfied.
November 24 -
Having written for American Banker for 45 years now, I visited the New-York Historical Society’s new exhibit on Alexander Hamilton with special excitement.
November 24 - Illinois
Putting teenagers in charge of a bank branch may not be every banker’s idea of safety and soundness, but one bank in Chicago plans to give it a try.
November 23 - Minnesota
A small Minnesota thrift company’s plan to delist its stock and take itself private has suddenly left it fighting for its independence.
November 23 -
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Western Sierra Bancorp of Cameron, Calif., has agreed to pay $23.1 million in cash and stock for Gold Country Bank in Marysville.
November 22 - North Carolina
A popular game among bankers and analysts in the merger-happy Southeast is guessing which community bank will be the next to sell, and one name that comes up repeatedly is First Charter Corp. in Charlotte.
November 22 -
Sandy Spring Bancorp Inc. has cut its 2004 earnings estimate in half because it has decided to prepay $195 million of Federal Home Loan Bank borrowings.
November 19





