Community banking
Community banking
- Florida
Perhaps encouraged by the prices Florida banks are fetching these days, Bay Financial Savings Bank in Tampa has put itself up for sale.
August 24 -
Ongoing budget problems have forced the Small Business Administration over the past year to eliminate funding for women's business centers, consolidate several regional offices, and even briefly shut down its flagship 7(a) lending program.
August 24 - Wyoming
AgStar Financial Services is willing to top Rabobank Group's bid for Farm Credit Services of America by $50 million. But the question remains, is it able?
August 23 -
Brian L. McDonnell, who has run Navy Federal Credit Union, the world's largest credit union, for the past nine years, will retire Dec. 31.
August 23 -
A California subprime auto lender said Friday that it is unloading the last of its deposits and that it will rely on the capital markets to fund its lending.
August 23 -
Crescent Banking Co. of Jasper, Ga., has agreed to buy the $66 million-asset Futurus Financial Services Inc. of Alpharetta, Ga., for $10 million.
August 23 -
A trade group representing check cashers says it is getting ready to introduce an interest-bearing, federally insured deposit account that would be linked to existing prepaid debit cards popular with the unbanked and low-income consumers.
August 20 - Oregon
West Coast Bank is one of a handful of banks making it more affordable for mom-and-pop coffee shops, restaurants, and hardware stores to sell gift cards.
August 20 -
Old National Bancorp of Evansville, Ind., said Thursday that it had hired the chief executive of KeyCorp's McDonald Investments Inc. as its own CEO.
August 20 - Florida
The Monday morning meeting at Charlotte State Bank in Port Charlotte, Fla., was far from typical this week, according to the bank's president, Charles G. Brown 3d.
August 19 -
A 3-year-old pilot program by the Office of the Comptroller of the Currency that lets well-capitalized community banks exceed per-borrower lending limits is being extended for another three years.
August 19 -
Nearly three weeks after the Dutch giant Rabobank Group announced a blockbuster deal to acquire Farm Credit Services of America in Omaha, another Farm Credit System lender has made a counteroffer.
August 19 -
- Arkansas
Banks in Texas and at least three nearby states are reporting a rash of thefts in which customers unwittingly make deposits into fake boxes placed over night deposit boxes.
August 18 -
I remember telling the CEO of U.S. Trust Co. in New York that I was jealous of his job.
August 18 - New York
Carver Federal Savings Bank says its working-class customer base has never pressed it for more savings options, but it decided to expand its offerings anyway.
August 17 -
A money-losing community bank in Michigan has agreed to recapitalize itself by selling $30 million of stock to an investor group.
August 16 -
CIB Marine Bancshares Inc. of Pewaukee, Wis., said Friday that it is selling CIB Bank Chicago to the $7.3 billion-asset First Banks Inc. of St. Louis for $62 million in cash.
August 16 -
In a move that would increase its market share in Pennsylvania's Lawrence and Beaver counties, ESB Financial Corp. of Ellwood City has agreed to buy PHSB Financial Corp. for $82.6 million in cash and stock.
August 16



