Community banking
Community banking
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Heritage Commerce in San Jose, Calif., has agreed to buy Focus Business Bank. The $1.7 billion-asset Heritage Commerce will pay about $55 million for the $391 million-asset Focus, which is also based in San Jose.
April 23 - New York
Astoria Financial in Lake Success, N.Y., topped Wall Street expectations despite a drop in revenue. The $15.5 billion-asset company reported a 39% decrease in net income from a year earlier, to $19.3 million.
April 23 - Missouri
The company will consider annual elections for all directors after investors passed a non-binding resolution urging for a change.
April 23 -
Banking regulators will never conclude that regulation is actually hurting community banks until they study the issue and come to that conclusion on their own.
April 23 - Virginia
At first glance Cardinal Financial in McLean, Va., blew away earnings expectations, rising 220% in the first quarter from the same time last year.
April 23 -
Texas Capital Bancshares in Dallas reported a higher first-quarter profit on an increase in total loans and heightened demand for refinancing home loans.
April 22 -
Strong organic loan growth and a recent acquisition of a small Virginia bank combined to power Eagle Bancorp to another record profit in the first quarter.
April 22 - Kentucky
Stock Yards Bancorp in Louisville, Ky., reported much better-than-expected earnings in the first quarter one the strength of higher mortgage revenue and net interest income.
April 22 -
The banking company is the latest to flirt with a threshold that promises added regulatory burden. But a pause from more acquisitions should also give management a chance to brush up on deal integration before making an even larger acquisition.
April 22 -
First Midwest Bank in Itasca, Ill., increased profits in the first quarter thanks to higher lending income, but fell short of heightened expectations set after two major acquisitions last year.
April 22 - New York
Suffolk Bancorp in Riverhead, N.Y., posted stronger earnings in the first quarter on higher net interest income and a reduction in expenses.
April 22 -
The House is preparing to vote on two cybersecurity bills this week, kicking off the latest push to improve information sharing between private companies and the government about potential attacks and threats.
April 22 -
South State in Columbia, S.C., has agreed to buy 13 Bank of America branches in South Carolina and Georgia.
April 22 -
United Community Banks in Blairsville, Ga., has agreed to buy Palmetto Bancshares in Greenville, S.C.
April 22 - Tennessee
Pinnacle Financial Partners in Nashville, Tenn., reported higher first-quarter profit on strong lending results.
April 21 -
Fulton Financial in Lancaster, Pa., reported lower first-quarter profit on a decline in net interest income and higher expenses.
April 21 - New York
Arrow Financial in Glens Falls, N.Y., reported a double-digit profit increase in the first quarter as strong loan growth in its three major business lines helped to offset flat noninterest income and higher expense.
April 21 -
S&T Bancorp in Indiana, Pa., reported better-than-expected earnings in the first quarter as income from loans it inherited in its acquisition of Integrity Bancshares helped to offset higher merger-related expenses.
April 21 -
The Georgia company has been cutting costs, while reinvesting funds in new businesses and technology. While the moves are doing little to increase near-term return on assets, they could help Synovus improve its longer-term performance.
April 21 -
Rep. Patrick McHenry said Democrats' resistance to passing certain regulatory relief measures is due to a leftward shift.
April 21


