Community banking
Community banking
-
The chief financial officer of WSFS Financial in Wilmington, Del., is leaving the bank holding company for Seacoast Banking in Stuart, Fla.
February 19 - California
RIVERSIDE, Calif. The two largest credit unions in Riverside County, Calif., on Thursday announced their intention to merge to create a $1.1 billion institution serving 118,000 members in the "Inland Empire" region of Southern California.
February 19 -
Talmer Bancorp in Troy, Mich., has paid billionaire backer Wilbur Ross $20 million to redeem warrants he has held in the company for several years.
February 19 -
CFPB officials are keeping a close watch on the Qualified Mortgage and ability-to-repay rules to gauge whether further changes should be made. But mortgage numbers don't give a clear picture on what kind of impact they've had.
February 19 -
Greenfield Cooperative Bank in Greenfield, Mass., and Northampton Cooperative Bank in Northampton, Mass., have received regulatory approval to merge.
February 19 -
Bank of Edwardsville in Illinois is set to have a new leader.
February 19 -
Online banking, ATMs and other advances have curtailed face-to-face transactions, but new Federal Deposit Insurance Corp. research says the brick-and-mortar office isn't going anywhere just yet.
February 19 -
The OTC Markets Group has opened up its community bank marketplace to privately held institutions, offering a chance for investors to monetize their holdings without selling the bank.
February 19 -
Auto lending surged to an all-time high in the fourth quarter yet delinquencies remained low, Experian said in a report issued Thursday.
February 19 -
Horizon Bancorp in Michigan City, Ind., has agreed to buy Peoples Bancorp in Auburn, Ind.
February 19 -
Five Star Credit Union in Dothan, Ala., has agreed to buy Farmers State Bank in Lumpkin, Ga.
February 18 -
Orrstown Bank in Pennsylvania has introduced two-way text messaging between customers and its service agents. It's the latest effort in the banking industry to make communication easier for mobile-first customers.
February 18 -
Several Korean-American banks are entering markets and businesses designed to target mainstream clients and other ethnic groups. Such moves are viewed as a way to improve the bottom line as revenue growth proves daunting.
February 18 -
First National Bank of Santa Fe in New Mexico has a new leader.
February 18 -
Auction.com, an online real estate marketplace, has named Gordon Smith its general manager of commercial real estate.
February 17 - Pennsylvania
Riverview Financial in Halifax, Pa., has received state regulators' approval to buy Citizens National Bank of Meyersdale in Pennsylvania for $8 million in cash and stock.
February 17 - Ohio
First Defiance Financial, in Ohio, has revised upward its fourth-quarter earnings after lowering its provision for fourth-quarter income taxes.
February 17 -
Biddeford Savings Bank and Mechanics Savings Bank will form a holding company to help each cut costs and make bigger loans. But the thrifts are hoping to keep their own charters, and independence, over the long term.
February 17 -
Metro Bancorp, a company under fire from activist investors, has adopted a shareholder rights agreement that will provide common stock shareholders a dividend of one right per share.
February 17 -
Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.
February 17



