Community banking
Community banking
- Pennsylvania
Metro Bancorp in Harrisburg, Pa., beat quarterly earnings estimates as its loan book posted strong growth.
October 21 -
Old Second National (OSBC) in Aurora, Ill., has been released from a 2011 consent order issued by the Office of the Comptroller of the Currency.
October 18 -
Enforcement actions relating to anti-money laundering rules and the Bank Secrecy Act were a prominent theme in the Office of the Comptroller of the Currency's monthly round-up of orders issued from late August through September.
October 18 -
Investors Bancorp (ISBC) in Short Hills, N.J., has added to its board a longtime New York banker with deep roots in Brooklyn.
October 18 - Connecticut
SBT Bancorp (SBTB) in Simsbury, Conn., has hired David MacKenzie as its chief mortgage and consumer lending officer.
October 18 -
Multiples are stronger in historical terms than many bankers assume, buyers' stock prices are going up and banks need to get to $25 billion of assets to thrive, says David Olson of River Branch Holdings.
October 18 -
SunTrust still wants to lower its efficiency ratio to 60%, but a mortgage slowdown and legal costs tied to alleged lending violations is making that goal harder to achieve.
October 18 -
Northeastern banks First Niagara and People's United are reluctantly cutting rates to book more loans and, in some instances, turning business away.
October 18 - Ohio
F.N.B. Corp. (FNB) in Hermitage, Pa., beat earnings estimates on strong net interest income.
October 18 -
In an advisory, the Federal Deposit Insurance Corp. urged banks to be mindful of gaps in liability coverage for director and officer lawsuits the same lawsuits the FDIC is filing against failed-bank managers.
October 18 -
The New York firm has historically avoided investing in acquisition-minded banks, preferring low-key institutions with good leaders and plans for making solid loans.
October 18 -
Silicon Valley Bank is sponsoring workshops on both coasts to teach computer programming skills to middle school and high school students.
October 18 -
First Horizon National (FHN) in Memphis swung to a big loss in the third quarter after reaching an agreement to repurchase soured loans from Fannie Mae, it announced Friday.
October 18 -
The holding companies of Park Cities Bank in Dallas, Tex., have filed for bankruptcy in order to facilitate the recapitalization and purchase of the bank by Park Cities Financial Group.
October 18 -
Banks of all sizes are looking to ramp up wealth management operations as other businesses sputter. Along with the promise of high fee income come high risks-including the regulatory and reputational varieties. American Banker editors discuss.
October 18 -
Aided by strong loan growth and improved credit quality, Simmons First (SFNC) in Pine Bluff, Ark., said that its third-quarter profit climbed 12% from the same period last year, to $7.4 million. Earnings per share climbed 13%, to 45 cents, beating the estimates of analysts polled by Bloomberg by 4 cents.
October 18 -
First Niagara Financial (FNFG) in Buffalo, N.Y., surpassed Wall Street's expectations for the third quarter as loan growth compensated for sliding mortgage banking fees.
October 18 -
As the Fed contemplates ending QE3, banks will need to look beyond government debt and mortgage-backed securities to generate returns.
October 18 -
Federal Reserve Bank of Richmond President Jeffrey Lacker said bankruptcy without government support is "the first and most preferable option" in the event of a failure by a big financial institution.
October 18 - New York
Chemung Financial (CHMG) in Elmira, N.Y., has named Karl Krebs as its new chief financial officer.
October 17




