Community banking
Community banking
-
Bankwell Financial Group (BWFG) in New Canaan, Conn., has agreed to buy Quinnipiac Bank & Trust in Hamden, Conn.
April 1 -
Peoples Financial Services in Scranton, Pa., will begin trading on the Nasdaq on April 2.
March 31 - Kentucky
The president and chief executive of Town & Country Bank and Trust in Bardstown, Ky., is reportedly stepping down.
March 31 -
The Federal Home Loan banks' Office of Finance said members are borrowing more, yet net income for the system fell from the previous year.
March 31 - North Carolina
Aquesta Bank (AQFH) in Cornelius, N.C., has formed a holding company.
March 31 -
The Small Business Administration is changing some of its lending rules to expand access to its two main programs.
March 31 -
Diebold is partnering with the $5.5 billion-asset Suncoast CU to test an ATM that reuses consumer-deposited cash for future withdrawals. Tampa, Fla.-based Suncoast is the first financial institution in the U.S. to test the technology.
March 31 -
Community banks are considering issuing their own credit cards as a way to protect their customer relationships and bring in fee income.
March 31 -
Small banks' increased compliance costs could lead to fewer relationship managers, streamlined service models and increased costs of credit. As such, many small business and middle-market customers may simply choose to take their business elsewhere.
March 31 - Ohio
Farmers National (FMNB) in Canfield, Ohio, has finally reached a separation agreement with a chief executive it ousted six months earlier.
March 31 -
To make the process fairer to small banks, regulators should issue community bank summaries during the proposal stage, not when releasing final rules. They also should do more outreach to small banks and extend comment periods on major rules, writes the ABA's Hugh Carney.
March 31 -
IMGCAP(1)]
March 28 - New York
Hudson Valley Holding (HVB) in Yonkers, N.Y., announced Friday that the chief administrative officer of its bank is leaving to take the helm of a New York trust.
March 28 - Illinois
The Federal Deposit Insurance Corp. issued two consent orders and terminated 21 enforcement actions in February, according to its latest roundup of regulatory orders.
March 28 -
The Minnesota-based regional bank once invested in community banks but is pulling back from that strategy, as the recent sale of its shares in a Virginia institution illustrated.
March 28 -
The U.S. Post Office should get into banking. With that assertion, agency Inspector General David Williams created quite a stir a few months ago. Behind the proposal are dueling postal officials with very different policy positions and agendas. Plus a murmur of momentum on Capitol Hill. American Banker reporter Kevin Wack explains.
March 28 -
Golden Pacific Bancorp and financial technology firm Better Finance have teamed up to create an online lending program that is designed to sharply reduce the time it takes to approve and process an SBA loan.
March 28 - New York
The $3 billion-asset said in a press release Thursday that Matthew Lindenbaum, principal of Basswood Capital Management, had become a director.
March 28 -
M&A has been marked by the pursuit of earning assets in recent years, but banks that have cracked the organic loan growth code are looking to buy deposit-heavy banks before interest rates rise.
March 28 - Wyoming
Cowboy State Bank in Ranchester, Wyo., has been freed from a written agreement with the Federal Reserve Board.
March 28



