Community banking
Community banking
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A new proposal by the FDIC could further discourage the use of noncore deposits, including those facilitated by deposit brokers and listing services and even certain reciprocal instruments not subject to the brokered-fund penalty.
July 17 -
Meta Financial Group in Sioux Falls, S.D., has agreed to buy Fort Knox Financial Services, a software firm that helps independent tax firms process refund transfers.
July 17 - Colorado
CoBiz Financial in Denver has added the owner, chairman and chief executive of the Colorado Rockies baseball franchise to its board.
July 17 - Wisconsin
The $625 million-asset company said in a press release Thursday that Greg Remus will become its CEO on Oct. 1. He will succeed Ray Lipman, who will remain chairman.
July 16 -
Washington Federal in Seattle reported higher quarterly profit due to gains from the sale of foreclosed properties and certain investments.
July 16 - New York
M&T Bank in Buffalo, N.Y., reported higher quarterly profit that reflected increased fees and higher net interest income.
July 16 -
PacWest Bancorp, the parent of Pacific Western Bank in Los Angeles, reported earnings of $85.1 million in the second quarter, up 16% from the prior quarter.
July 15 -
Peoples Bancorp in Ohio wants to encourage cross-selling but limits the use of employee incentive payments to make it happen. Instead, Peoples is trying to build a corporate culture in which employees understand all of its products and want to help their colleagues sell them.
July 15 -
BancFirst in Oklahoma City has agreed to buy CSB Bancshares in Yukon, Okla.
July 15 -
BCB Bancorp has sold $2.4 million of preferred stock in a private placement.
July 14 -
WASHINGTON The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.
July 14 -
Meta Financial Group in Sioux Falls, S.D., agreed to sell $3.1 million of common stock to a group of existing investors and reached a separate agreement to issue prepaid cards for a business partner.
July 14 -
Pave, a marketplace lender, has partnered with Cross River Bank of Teaneck, N.J., to help it expand its online, short-term loan product nationwide.
July 14 - Missouri
Commerce Bancshares in Kansas City, Mo., reported higher second-quarter profit, citing the appreciation of inflation-protected securities and higher loan interest.
July 14 -
Signature Bank in New York has partnered with Financial Software Solutions to expand the products and services that it offers bankruptcy trustees.
July 14 - Illinois
Prairie Community Bank in Marengo, Ill., has raised $2.48 million in a private placement of its preferred stock.
July 13 - Illinois
Clients of many community banks in Illinois can apply for short-term loans as lawmakers grapple over issuing paychecks while the state has no budget.
July 13 -
Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.
July 13 -
Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.
July 13 -
Colorado state regulators on Friday closed the $31.7 million-asset Premier Bank in Denver.
July 10


