Community banking
Community banking
-
The Portland, Ore., company aquired Sterling Financial last week. Though it created a $22 billion-asset regional player in the Pacific Northwest, CEO Ray Davis says the bank can keep its identify as a community bank.
April 21 - Michigan
Chemical Financial Corp. (CHFC) in Midland, Mich., said Monday that its first-quarter net income rose 5% from a year earlier, to $13.8 million, thanks largely to a double-digit increase in loans and improved credit quality.
April 21 -
SunTrust's efficiency decline in the first quarter overshadowed a 16% profit increase, underscoring how shareholders and others are thoroughly scrutinizing bank spending in a low-growth era.
April 21 -
Independent Bank (IBCP) in Ionia, Mich., attributed a significant plunge in quarterly profits to a slump in mortgage refinancing activity.
April 21 - North Carolina
Aquesta Financial Holdings (AQFH) in Cornelius, N.C., reported higher earnings that benefited from loan growth.
April 21 -
Some banks have made eco-friendliness their mission, while others dabble in green initiatives such as building energy-efficient branches. In honor of Earth Day, here are some examples of banks that have tied environmentalism to their business strategies.
April 21 -
Investors Bancorp (ISBC) in Short Hills, N.J., announced Monday that it is selling an undisclosed number of shares to the investment banks that managed its recent stock sale.
April 21 - Rhode Island
Washington Trust Bancorp (WASH) in Westerly, R.I., reported a rise in quarterly profit after it sold its merchant-processing business.
April 21 -
SunTrust Banks (STI) in Atlanta said its quarterly profit rose 16% as it made more commercial loans.
April 21 -
IMGCAP(1)]
April 20 - Kentucky
First Security in Owensboro, Ky., has raised $30 million through a private placement. The $500 million-asset company said it would use the funds for organic growth and "acquisitive opportunities."
April 18 -
Home BancShares in Conway, Ark., has agreed to buy Florida Traditions Bank in Dade City, Fla. The $6.8 billion-asset Home said it will pay $43 million stock for the $312 million-asset Florida Traditions.
April 18 -
RKJS Bank, an interim company formed by a group of local Baltimore investors, won First Mariner's bankruptcy auction Tuesday after National Penn Bancshares (NPBC) in Allentown, Pa., withdrew its offer.
April 17 -
The Federal Reserve prohibited a former Missouri bank chairman from involvement in any bank management after he admitted to using federal bailout money to buy a luxury condominium.
April 17 - New Jersey
Investors Bancorp (ISBC) in Short Hills, N.J. reported a surge in quarterly profit because of a stronger balance sheet.
April 17 -
Midsize banks remain concerned about their ability to meaningfully grow revenue at a time when yields on loans are narrowing and income from mortgage banking a key revenue driver continues to shrink.
April 17 -
Board members and prospects are nervous about personable liability, given a rise in government lawsuits against former directors of failed banks. While banks typically carry insurance for directors, it is unclear how much protection those policies provide.
April 17 - Maryland
Sandy Spring Bancorp in Olney, Md., said its first-quarter profit rose 3% from a year earlier, to $10.9 million. The improvement was largely because of loan growth, changes in funding costs and efforts to increase wealth management and insurance revenue, the company said.
April 17 -
Former Federal Deposit Insurance Corp. Chairman Sheila Bair took private investors to task this week, arguing that their failure to understand and manage mortgage-market risk helped bring about the financial crisis.
April 17 -
Fifth Third Bancorp (FITB) isn't giving up on the small-dollar loan market, Chief Executive Kevin Kabat said Thursday.
April 17





