Community banking
Community banking
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Bank boards are busier than ever, but that's no excuse for putting succession planning on the back burner, say consultants Peter Thies and Ollie Sommer.
May 13 -
Five Star Credit Union in Dothan, Ala., has received approval from the Alabama Credit Union Administration to buy Flint River National Bank in Camilla, Ga.
May 13 - California
SVB Financial (SIVB) in Santa Clara, Calif., has filed to sell nearly 4.5 million shares of common stock.
May 13 - Hawaii
Central Pacific Financial (CPF) in Honolulu is moving several top executives into new posts.
May 13 -
The Federal Agricultural Mortgage Corp. (AGM) reported a decline in first-quarter profits driven largely by the early refinancing of agricultural securities.
May 12 -
Between Operation Choke Point and anti-laundering regulations, financial institutions are going to new lengths to avoid anything even remotely associated with illegality raising questions of fairness, slippery slopes and self-preservation.
May 12 - Wisconsin
Westbury Bancorp (WBB) in West Bend, Wis., intends to repurchase up to 250,000 of its issued and outstanding shares, or roughly 4.9% of its stock.
May 12 -
The investment bank has moved its annual banking conference to Denver after 16 years in Seattle, signaling its desire to do more bank deals in the central U.S. where M&A activity is expected to get busier.
May 12 - Kentucky
Republic Bancorp (RBCCA) of Louisville, Ky., announced Monday the merger of two of its subsidiaries: Republic Bank, a federally chartered savings association, and Republic Bank & Trust Co., a state-chartered commercial bank.
May 12 - California
Banc of California (BANC) in Irvine, Calif., swung to a loss in the first quarter as expenses ballooned following its acquisition of the Private Bank of California
May 9 -
Prepaid cards are an appealing market for small banks that want to retain and recruit customers, though bankers must consider potential regulatory and competitive risks before jumping into the business.
May 9 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
May 9 - Delaware
Rodger Levenson of WSFS Financial (WSFS) in Wilmington, Del., has been appointed chairman of the Delaware Bankers Association.
May 9 -
Taylor Capital (TAYC) in Chicago is no longer looking to sell its mortgage banking operation.
May 9 -
First Farmers Financial (FFMR) in Converse, Ind., has agreed to buy seven branches in Indiana from Bank of Montreal's BMO Harris Bank.
May 9 - Virginia
Hampton Roads Bankshares (HMPR) in Virginia Beach, Va., reported higher net income that largely reflected lower expenses and a spike in income from bank-owned life insurance.
May 9 -
Glacier Bancorp (GBCI) in Kalispell, Mont., has agreed to buy First National Bank of the Rockies in Grand Junction, Colo.
May 8 - New Jersey
Kevin Cummings, CEO of Investors Bancorp, wants to reach $30 billion in assets in the next six years, but he admits that Investors must sharpen its focus on commercial clients to achieve that objective.
May 8 -
The Federal Reserve is seeking input on a measure that would bar U.S. banks from acquisitions that push their share of all financial-company liabilities above a 10% threshold.
May 8 -
U.S. Bancorp (USB) supported $202 million of tax-credit-based financing in the southeastern United States last year, more than doubling its community development financing from the previous yea
May 8



