Community banking
Community banking
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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 -
Some regional banks reported strong loan growth in the third quarter and are upbeat about the fourth. Others had a weak summer and expect this quarter to be the same. All claim their lending practices are sound and that rivals are taking risks. It doesn't add up.
October 17 -
PrivateBancorp (PVTB) in Chicago posted stronger earnings because of cost-cutting.
October 17 -
Huntington Bancsharess efforts are paying off. It finally reached a 2013 goal of achieving positive operating leverage by cutting jobs, closing branches and reducing marketing and legal expenses.
October 17 -
Fifth Third Bancorp (FITB) in Cincinnati reported a 16% rise in quarterly earnings thanks to improvements in credit quality and gains from its gradual divestiture of a payments subsidiary.
October 17 -
East West Bancorp (EWBC) in Pasadena, Calif., reported a small rise in quarterly profit because of loan growth.
October 17 -
Delanco Bancorp in New Jersey has completed its conversion to a fully public company.
October 17 -
Huntington Bancshares (HBAN) followed the lead of other banks and cut about 200 jobs amid a slowdown in residential mortgage lending.
October 17 -
M&T Bank (MTB) in Buffalo reported flat quarterly earnings that still meet Wall Streets expectations.
October 17 -
BB&T reported lower quarterly earnings, as a large tax adjustment overshadowed the Winston-Salem, N.C., company's struggles to boost net interest income.
October 17



