Community banking
Community banking
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Hanmi Bank in Los Angeles has hired executives to expand its customer base in Texas and Illinois.
October 29 - North Carolina
Bank of the Carolinas in Mocksville, N.C., appointed Harvey Glick as chairman.
October 29 - Texas
Cullen/Frost Bankers in San Antonio reported increased quarterly earnings that reflected a significant reduction in credit costs.
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Sterling Bancorp in Montebello, N.Y., realized a big efficiency gain after a major acquisition.
October 29 -
The Rhode Island company had barely opened the doors of its Fairfield County mortgage office when management started getting pushed about making a bigger splash. For now, CEO Joseph MarcAurele seems content to keep one toe in the water.
October 29 - Puerto Rico
Doral Financial in San Juan, Puerto Rico, has provided the Federal Deposit Insurance Corp. with its capital restoration and contingency plans.
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EverBank Financial in Jacksonville, Fla., reported higher quarterly profit due to an uptick in residential lending.
October 29 - Oklahoma
BOK Financial in Tulsa, Okla., reported quarterly earnings that held steady as higher fee revenues offset rising operating expenses.
October 29 - Ohio
Park National in Newark, Ohio, reported lower quarterly earnings due to higher operation expenses and credit costs.
October 29 - Missouri
UMB Financial in Kansas City, Mo., reported higher quarterly profit on strong commercial lending.
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A former Georgia community banker who faked his own death two years ago was sentenced on Tuesday to serve 30 years in prison for committing fraud that led to a bank's failure.
October 29 - Mississippi
Trustmark Corp. in Jackson Miss., reported a rise in quarterly profit that benefited from a larger loan portfolio.
October 28 -
The $6.4 billion-asset bank said in a press release Tuesday that it has struck a deal with Aperture Media Partners, a film financing company in Los Angeles, to provide loans to the entertainment industry.
October 28 -
Community banks in the Northeast have gotten healthier in the past year, and loan growth has nearly doubled. Now OCC officials are worried that banks may be overstretching to protect their thin profit margins.
October 28 - North Carolina
First Citizens BancShares in Raleigh, N.C. reported a significant decline in quarterly earnings due to a higher loan-loss provision and increased operating costs.
October 28 -
The $44 billion-asset specialty lender viewed its pending purchase of OneWest Bank as its way to get significantly over the $50 billion threshold for systemically important financial institutions. But CIT CEO John Thain is all for a proposal that would raise the SIFI bar higher.
October 28 -
The CFPB and other agencies are expected to take a hammer to banks' lucrative overdraft fee business, saying that it is a form of short-term credit akin to payday loans. Some banks see the writing on the wall and have made changes, but others have lagged.
October 28 - New York
Flushing Financial in Lake Success, N.Y., reported higher quarterly earnings driven by securities gains and improved asset quality.
October 28 -
FirstMerit in Akron, Ohio, reported higher quarterly profit that met Wall Street expectations despite margin pressure.
October 28 -
South State Corp. in Columbia, S.C., struggled to increase earnings but held expenses in check after a major acquisition.
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