Community banking
Community banking
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Minden Bancorp (MDNB) in Minden, La., plans to deregister with the Securities and Exchange Commission.
February 6 -
Americans who buy prepaid cards from banks spend less on fees than those who buy their cards from nonbanks, according to new research from the Pew Charitable Trusts.
February 6 -
The Ohio company expects to receive an additional $46 million from loans it had marked impaired when it bought Citizens Republic. Management also expects more cost cutting than it originally projected.
February 6 -
Executives at Magna Bank in Memphis took a chance on expanding their multifamily practice to low-income developments, and it seems to have been a good business move.
February 6 - Hawaii
Central Pacific Financial (CPF) in Honolulu has revised its fourth-quarter earnings and now says it earned $10.3 million, or 24 cents per share, for the three months that ended Dec. 31, compared to the $9 million, or 21 cents per share, it had previously reported.
February 6 -
Money market funds possess trillions of dollars of short-term institutional investor funds. Now the SECs proposed rule change for the industry may give banks an opportunity to attract institutional depositors with cash management offerings.
February 6 -
Community banks exist to serve their customers and communities, not efficiency ratio-obsessed market observers.
February 6 -
A Connecticut man has been sentenced to 18 months in federal prison for his role in a mortgage fraud scheme that cost financial institutions millions of dollars.
February 5 -
Strong loan and asset growth powered the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended Dec. 31.
February 5 -
Santander Bank, formerly Sovereign Bank, has launched a rewards-heavy credit card and made other creative retail moves in the U.S. as it tries to establish an identity beyond that of the foreign-owned bank with the tricky name.
February 5 -
A little-known dissident investor wants the company to sell. Another shareholder is comfortable giving management them more time to become profitable. A key issue involves the company's deferred-tax asset.
February 5 -
Cascade Bancorp (CACB) in Bend, Ore., reported lower quarterly profits as merger costs drove up noninterest expenses.
February 5 -
Bankers had more optimism about market conditions in December, fueled by accelerated activity in commercial lending and improved loan pricing.
February 5 - Illinois
PrivateBancorp (PVTB) in Chicago has continued its trend of hiring former employees of LaSalle Bank, this time hiring a group who will lead the company in advising other banks.
February 5 -
MADISON, Wis. -- In a strong sign that the U.S. economy continues to recover, credit union lending outpaced savings in 2013.
February 5 -
Bank of Georgetown in Washington, D.C., is moving its corporate headquarters and opening an adjacent branch.
February 5 -
Eagle Bancorp Montana (EBMT) in Helena, Mont., has named Laura Clark as its chief financial officer.
February 4 -
Add PrivateBancorp to the list of financial institutions that have managed to grow commercial loans organically and are eyeing acquisitions that would improve liquidity in a rising-rate environment.
February 4



