Community banking
Community banking
- New York
First Niagara Financial Group's (FNFG) first-quarter profit fell 11.7% as job cuts and branch closures increased expenses.
April 24 - Pennsylvania
Orrstown Financial Services (ORRF) in Shippensburg, Pa., will cut 32 jobs in its operations and retail branches after implementing technology upgrades.
April 24 - South Carolina
The lawsuit claims that Benjamin Weinger of 3-Sigma Value conspired with certain directors to defame the executives before the board fired them earlier this month.
April 23 -
The first-quarter profit at Cardinal Financial Corp. (CFNL) in Tysons Corner, Va., fell 42% from a year earlier, largely due to merger-related expenses.
April 23 -
How Popular's decision to sell operations in California, Illinois and central Florida fit into the plans of three community banks looking to grow.
April 23 - California
PacWest Bancorp (PACW) in Los Angeles reported a surge in quarterly profits as the company produced more loan revenue.
April 23 -
By buying more goods and services from businesses rooted in diverse communities, banks can build bridges with those communities and expand their customer base. And by expanding their networks of potential suppliers, banks can obtain better quality services at lower prices.
April 23 -
Cullen/Frost Bankers (CFR) in San Antonio reported a profit of $59.2 million in the first quarter on strong asset and deposit growth.
April 23 - New York
M&T Bank (MTB) in Buffalo announced that former vice chairman Michael Pinto has died.
April 23 -
Jefferson Bancshares' efforts to sell itself were marked by several fits and starts over three years, highlighting the fickle nature of consolidation since the financial crisis.
April 23 -
A failed Kansas bank is suing state regulators alleging that they had insufficient grounds to close it.
April 23 - Connecticut
Simsbury Bank (SBTB) in Connecticut named a new retail management officer to succeed Howard Zern who is retiring at the end of this month.
April 23 -
Flagstar Bancorp (FBC) in Troy, Mich., reported a significant first-quarter loss as its loan-loss provision more than quintupled.
April 23 -
Profits at Prosperity Bancshares (PB) in Houston grew by more than a third thanks to recent acquisitions as well as organic loan growth.
April 23 -
Popular (BPOP) in San Juan, Puerto Rico, has found buyers for its regional operations in Illinois, California and central Florida.
April 23 - New York
Community Bank System (CBU) in Syracuse, N.Y., reported higher profits on payback from a branch acquisition and stronger credit quality.
April 22 - Pennsylvania
Fulton Financial (FULT) in Lancaster, Pa., reported higher quarterly profit that benefited from a cost-cutting initiative.
April 22 - Mississippi
Trustmark (TRMK) in Jackson, Miss., reported earnings of $29 million in the first quarter, up 13% from the same period last year.
April 22 -
Some banks have built their entire strategy around being ecofriendly while others dabble in this area. Regardless, being environmentally conscious can help bring in new business.
April 22



