Community banking
Community banking
- Kansas
Another community banking acquisition appears to be in danger of unraveling unless the seller is willing to lower its asking price significantly.
September 22 -
Three years ago it seemed inconceivable that a company as high-flying as Nara Bancorp Inc. could lose 20% of its market value on news that its accountant had resigned.
September 22 -
Whether or not it was once true that most bank presidents inherited the job, it isn’t now.
September 22 - Washington
When Carver Bancorp Inc.'s $33 million deal for Independence Federal Savings Bank was announced in March, it was touted as a possible first step in creating a black-owned banking franchise stretching from New York to Washington.
September 21 -
First Indiana Corp. of Indianapolis said it plans to eliminate 70 jobs and consolidate all its back-office operations into one department; the moves will result in a $1.1 million charge to third-quarter earnings.
September 21 -
AnchorBank in Madison, Wis., has signed a cease-and-desist order with the Office of Thrift Supervision concerning its compliance with the Bank Secrecy Act.
September 21 - Maryland
Nearly two years after it expanded into Maryland with its complex acquisition of Leeds Federal Savings Bank of Baltimore, Northwest Bancorp in Warren, Pa., has finally put its signs on Leeds' branches.
September 21 - Tennessee
BancorpSouth Inc.'s nearly 3-year hiatus from bank acquisitions officially ended Friday, when the Tupelo, Miss., company struck a pair of deals that would move it into the fast-growing markets of Baton Rouge, La., and Nashville.
September 20 -
Four months after saying that it would switch to a state charter, Trustmark National Bank of Jackson, Miss., has decided to keep the Office of the Comptroller of the Currency as its regulator.
September 20 -
A tax-shelter crackdown by Wisconsin has banks headquartered there settling in droves, though a trade group insists they have done nothing wrong.
September 20 - New Jersey
Ever since Kearny Financial Corp. made its first acquisition in 1999, the New Jersey company has been working to transform itself from a plain-vanilla thrift into a full-fledged community bank.
September 17 -
BancWest Corp. and Community First Bankshares Inc. of Fargo, N.D., expect the closing date of their acquisition deal to be moved back to the fourth quarter, because they are still waiting on regulatory approval.
September 17 -
QCR Holdings Inc. of Moline, Ill., plans to issue 260,000 shares to certain stockholders to help fund the creation of a banking subsidiary.
September 17 -
Sky Financial Group Inc. of Bowling Green, Ohio, has agreed to buy Prospect Bancshares of Worthington for $46.9 million in cash and stock.
September 17 -
As consumer brands go, BankPlus may not have the name recognition of DirecTV or Reebok, but the three companies share a celebrity spokesman: the New York Giants quarterback Eli Manning.
September 17 -
- Pennsylvania
Citizens Financial Group of Providence, R.I., has been ordered to change the name of its Citizens Bank in one western Pennsylvania county, because consumers are confusing it with a bank with a similar name.
September 15 -
When students ask me how to get into the world of banking, I often tell them, "Become a bank examiner."
September 15







