Community banking
Community banking
- New York
Astoria Financial (AF) in Lake Success, N.Y., posted a higher third-quarter profit as improved credit quality more than offset lower mortgage revenue.
October 16 -
Umpqua Holdings (UMPQ) in Portland, Ore., posted lower quarterly earnings after mortgage-related fees fell.
October 16 -
PNC, U.S. Bancorp and KeyCorp all reported loan growth of at least 5% in the third quarter as they focused heavily on strengthening customer relationships and reaped the benefits of expansion into new markets or business lines. Still, revenue and other challenges remain.
October 16 -
Valley Financial (VYFC) in Roanoke, Va., has exited the Troubled Asset Relief Program after issuing $11 million in subordinated debt to an unnamed accredited investor.
October 16 -
Lenders continued to face headwinds in the third quarter as consumer loan demand weakened slightly in some parts of the country while others saw a small boost, according to a Federal Reserve Board report released Wednesday.
October 16 - Kentucky
Quarterly revenue rose at Community Trust Bancorp (CTBI) in Pikeville, Ky., as its loans and fee income grew.
October 16 -
The chief executive of Banco Popular, Richard Carrión, (BPOP) has resigned from his roles on the International Olympic Committee.
October 16 -
Quarterly profit fell at Westamerica Bancorp (WABC) in San Rafael, Calif., on weaker loan revenue.
October 16 -
Fraud against the elderly is expected to rise as the nation's baby boomers near retirement. Bankers and regulators are keen on trying to get ahead of the issue.
October 16 -
Pinnacle Financial (PNFP) in Nashville, Tenn., reported a strong third quarter on steady loan growth.
October 16 -
Bank of New York Mellon Corp., the world's largest custody bank, said third-quarter profit unexpectedly rose, helped by a tax court decision.
October 16 -
Renasant (RNST) in Tupelo, Miss., posted lower quarterly earnings tied to its purchase of First M&F in Kosciusko, Miss.
October 16 -
The activist investor had vowed to wage a proxy battle next year against Malvern Bancorp unless it addressed concerns about shareholder value
October 16 -
Fee income and improvement in asset quality helped Comerica in Dallas increase third-quarter earnings.
October 16 -
KeyCorp (KEY) reported higher third-quarter profit after recording a gain from the sale of its investment management and broker-dealer units.
October 16 -
Confusion and panic. Those are the words most often used by lenders when faced with the onslaught of mortgage regulations and other rules going into effect in three months. Regulators have sought to defuse concerns partly by attending industry conferences, but they have also made it clear that several other big changes are on their way. Following is a guide to what's ahead.
October 16 -
Acquisitive banks have frequently used the "accretive to earnings" pabulum to sway shareholders and justify overpriced transactions. This has created an illusion of acquisition value that is detrimental to the market.
October 16 -
Municipal Employees Credit Union in Baltimore has received approval from the National Credit Union Administration to buy a bank.
October 16 - Florida
Gateway Bank of Southwest Florida has appointed Brian Hall, the founder of rival Sabal Palm Bank in Sarasota, to its executive team.
October 15 -
The Troy, Mich., bank's agreement to buy the four remaining bank units of Capitol Bancorp in a bankruptcy auction would strengthen its Midwestern profile, but it has to accept two far-flung units and navigate some tricky regulatory issues to get the deal done.
October 15




