Community banking
Community banking
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TowneBank (TOWN) in Suffolk, Va., has agreed to buy Franklin Financial (FRNK) in Richmond, Va.
July 15 -
Wintrust Financial (WTFC) in Rosemont, Ill., reported higher quarterly earnings as income from loan growth offset lower fee revenue.
July 14 -
The Federal Home Loan Bank of Chicago is launching a pilot program soon to buy home loans and issue Ginnie Mae securities. The program could allow community banks and credit unions to stay in the mortgage business.
July 14 - California
Pan Pacific Bank (PPFC) in Fremont, Calif., reported a spike in quarterly earnings after reclaiming its deferred-tax asset.
July 14 - Florida
Jefferson Bankshares in Oldsmar, Fla., has raised $2.4 million.
July 14 -
More small banks are engaging on social media and are finding ways to highlight their community involvement, promote their personalities and better connect with customers.
July 14 -
Doral Financial (DRL) in San Juan, Puerto Rico, has agreed to sell roughly $825 million of assets to Abbey Finance Holdings PR.
July 14 -
Independence Bancshares (IEBS) in Greenville, S.C., will need to raise more capital to fund its development of new payments platforms.
July 14 - Massachusetts
Berkshire Hills Bancorp (BHLB) in Pittsfield, Mass., and its Berkshire Bank have changed charters.
July 14 -
First Bancshares (FBMS) in Hattiesburg, Miss., has redeemed preferred stock BCB Holding in Mobile, Ala., issued to the Treasury Department under the Troubled Asset Relief Program.
July 14 -
Northwest Bank in Boise, Idaho, has agreed to buy Regal Financial Bank in Seattle.
July 14 - Delaware
The Bancorp (TBBK) in Wilmington, Del., is looking to sell up to $50 million in common stock.
July 11 - California
Hanmi Financial (HAFC) in Los Angeles has sold two insurance businesses Chunha Holding in Garden Grove, Calif.
July 11 - Massachusetts
Blue Hills Bancorp in Norwood, Mass., has received significant demand for its planned stock sale.
July 11 - New York
Signature Bank (SBNY) in New York has created a pair of nationwide lending offices, focusing on restaurant franchises and the commercial marine industry.
July 11 -
Dozens of insurers have sold off their banks in recent years, with just a handful choosing to remain in the business. Mutual of Omaha Bank is committed to building a traditional community banking culture with its parent company's backing.
July 11 -
C1 Financial in St. Petersburg, Fla., is going public.
July 11 - Pennsylvania
QNB Corp. (QNBC) in Quakertown, Pa., is looking to replace its chief financial officer.
July 11 -
JPMorgan Chase (JPM) has partnered with Liberty Bank in Detroit to offer financing to homebuyers interested in restoration of the city's run-down properties.
July 11 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.
July 11




