Community banking
Community banking
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ST. JOSEPH, Mich. Honor CU, fresh off its acquisition of $80 million SIR FCU and its three branches, has agreed to buy the Decatur, Mich., branch of St. Joseph-based Edgewater Bank, along with 850 customer accounts and $14 million in assets.
October 28 - Missouri
Reliance Bancshares in St. Louis was headed toward potential failure when a semi-retired banker, Tom Brouster, stepped in as an investor. Executives broke down their challenges into manageable tasks, focused intently on cleaning up bad loans and are now ready to start lending and pursuing M&A, he says.
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The $493 million-asset company bought back its remaining shares for $3.1 million, a 1% discount, it announced Monday.
October 28 -
Legacy Bank of Florida in Boca Raton raised $1.7 million in the third quarter, but remains short of the capital levels required by a regulatory consent order.
October 28 -
Bank of Hawaii Corp. (BOH) in Honolulu reported a dip in quarterly earnings as revenue from mortgage banking plunged 65%.
October 28 -
Shareholders of BankUnited (BKU) in Miami Lakes, Fla., are preparing to sell more than $330 million of the company's stock.
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Undergoing an annual physical exam gets employees a day off.
October 28 -
A loaner car is available for employees to use for free and with no mileage restrictions.
October 28 -
Employees in mortgage and commercial lending can earn bonuses worth up to half their base salaries based on performance triggers set by the department's senior vice president.
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The bank offers discounts on health clubs and fitness classes.
October 28 -
For the bank's annual cook-offs, teams are chosen randomly to foster relationships across departments.
October 28 -
An "appointment time" benefit provides eight hours of paid time off for employees who need to schedule all kinds of daytime appointments, ranging from oil changes to parent-teacher conferences, during work hours.
October 28 -
Every year, the bank collects worn U.S. flags and honorably retires them during Veterans' Day ceremonies.
October 28 -
Sonic Lunch is a free outdoor concert series promoted by the bank in summer that brings people downtown to enjoy free music at a city park in Ann Arbor.
October 28 -
On most holidays, banks shut their doors and employees head home. Team Day, a holiday dreamed up by 1st National Bank, is different.
October 28 -
The Museum of American Finance delves into rarely heard personal stories behind the century-old institution in a new exhibit.
October 28 -
A longtime Chicago CDFI executive looks ahead to influencing job creation through a new advisory post as Treasury.
October 28 -
Building up postitive engagement in the office? It can happen. You just need the right tools and creative thinking to get there.
October 28 -
These companies, featured on American Banker's Best Banks to Work For list, go beyond salaries and health benefits to make their employees feel valued at the office.
October 27



