Community banking
Community banking
-
Zions Bancorp. (ZION) in Salt Lake City reported a quarterly loss after recording charges tied to its portfolio of collateralized-debt obligations.
January 27 -
Community West Bank in Goleta, Calif., has been released from a written agreement with the Office of the Comptroller of the Currency.
January 27 -
Many community bankers are said to have gained confidence from the fact that they have made it this far under adverse conditions.
January 27 -
The $300 million merger will create the state's biggest community bank -- and could convince other institutions to pursue similar deals.
January 27 - Ohio
CFBank in Fairlawn, Ohio, has been released from a cease-and-desist order issued by the Office of the Comptroller of the Currency.
January 27 -
The Postal Service could raise $8.9 billion annually by offering reloadable debit cards, loans, remittances and other financial services products that target the underbanked, according to a report issued Monday by the agency's Office of Inspector General.
January 27 -
Lakeland Financial (LKFN) in Warsaw, Ind., reported higher quarterly profit driven by loan growth.
January 27 - Michigan
Chemical Financial (CHFC) in Midland, Mich., reported net income Monday of $14.4 million for the fourth quarter, 14.3% better than a year earlier.
January 27 -
A number of community banks have removed CEOs, announced plans to sell or reached compromises with dissident shareholders in recent weeks. And proxy season has yet to hit its stride.
January 27 -
Hanmi Financial (HAFC) in Los Angeles reported dip in quarterly profits because of costs related to its planned acquisition of Central Bancorp.
January 27 -
A new accounting framework could give banks a leg up in small-business lending by making it cheaper for companies to provide accurate financials, but accounting experts are divided over whether the standards are an improvement or risky and confusing.
January 27 -
Waterstone Financial (WSBF) in Wauwatosa, Wis., disclosed that its chief financial officer is resigning.
January 27 -
Experienced community bank executives know that failure to manage their banks sensitivity to interest rate risk can cause financial troubles.
January 27 -
VantageSouth Bancshares (VSB) in Raleigh, N.C., and Yadkin Financial (YDKN) in Elkin, N.C., are merging.
January 27 - California
The $300 million-asset bank said in a press release Friday that Theodore Biagini, 73, had been chairman since its January 2007 opening.
January 24 -
The Mississippi bank's latest acquisition would take it into the Austin, Texas, market, but CEO Dan Rollins refuses to answer questions from investors and analysts about how quickly it would earn back its dilution of tangible book value.
January 24 -
CEO Gary Crosby believes new technology will help the Buffalo, N.Y., company generate revenue more in line with being a large financial institution. But his $250 million investment pledge didn't sit well with investors who were hoping for cost-cutting.
January 24 - California
Cathay General Bancorp (CATY) of Los Angeles reported earnings of $31.9 million for the fourth quarter of 2013, an increase of 12.7% from the same quarter a year prior.
January 24 -
KeyCorp may ultimately need to buy some niche business lines, or sell its operations in some fringe markets, to cure its efficiency woes.
January 24 -
Prosperity Bancshares (PB) in Houston, riding its recent wave of acquisitions, posted higher quarterly profit.
January 24





