Community banking
Community banking
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The banking industry earned a record profit for the second straight quarter as growth in noninterest income continued to make up for a slow recovery in the lending sector, the Federal Deposit Insurance Corp. said Thursday.
August 29 - Iowa
Heartland Financial (HTLF) in Dubuque, Iowa, plans to raise up to $75 million.
August 29 -
Prosperity Bancshares in Houston has agreed to buy F&M Bancorp in Tulsa, Okla.
August 29 -
GNB Financial in Gratz, Pa., has agreed to buy Liberty Centre Bancorp in Pottsville, Pa.
August 29 -
VantageSouth Bancshares in Raleigh, N.C., announced that its president will resign.
August 29 - New Jersey
Unity disclosed in a regulatory filing Wednesday that it paid the Treasury Department $2.7 million to repurchase a warrant to buy about 765,000 shares of common stock.
August 28 -
CresCom Bank in Myrtle Beach, S.C., has agreed to buy a branch from First Carolina Bancshares in Waterboro, S.C.
August 28 - Georgia
Traditional bank M&A in Georgia has been nearly dead in recent years, but Hamilton State Bancshares' deal this week to buy Cherokee Banking suggests that the Peach State may be primed for consolidation.
August 28 - Michigan
Independent Bank (IBCP) in Ionia, Mich., has raised $89 million as part of a plan to exit the Troubled Asset Relief Program.
August 28 -
The strength of America's financial system is a result of the diversity of its players, but that diversity wont survive if our nation continues down the path of one-size-fits-all regulatory reform.
August 28 -
Disaster recovery. Offering customers job-search help. Penetrating underserved markets. Dishing out ice cream to promote a brand. Financial institutions have a multitude of reasons for deploying services on wheels. Here are five financial institutions offering services via motor vehicle across the country.
August 28 -
The chief credit officer at Hanmi Financial in Los Angeles has resigned.
August 28 -
Heartland Financial in Dubuque, Iowa, has hired a chief financial officer.
August 28 -
The investor group that plans to recapitalize U.S. Century Bank in Doral, Fla., has reportedly revised its offer to give a larger stake to preexisting shareholders.
August 28 -
Security California Bancorp in Riverside is working with a venture-capital firm to fund high-tech businesses.
August 28 -
First Citizens Bancshares in Raleigh, N.C., has agreed to buy 1st Financial Services in Hendersonville, N.C.
August 28 -
A New Jersey credit union has agreed to accept accounts transferred from a trading exchange that handles Bitcoin and other virtual currencies. The move, apparently aimed at attracting business from investors and financial institutions that trade in the alternative forms of tender, could provide them with a much needed level of legitimacy. Staff reporters discuss.
August 27 - Ohio
First Financial Bancorp (FFBC) in Cincinnati has retooled the management structure of its bank.
August 27 -
Shon Hopwood has taken an unusual path: from bank heists to prison to law school and now a prestigious federal clerkship.
August 27 -
The surge of institutional money into banking stocks is likely to continue for at least another quarter, according to Keefe, Bruyette & Woods.
August 27





