Community banking
Community banking
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Ameris Bancorp (ABCB)'s quarterly profit more than tripled, primarily on gains in mortgage revenue and a drop in the provision for loan losses.
July 18 -
Disagreements between Democrats and Republicans on the House Financial Services Committee over a GOP-backed housing plan offered a sharp contrast with bipartisan efforts in the Senate.
July 18 - Kentucky
Profits at Republic Bancorp (RBCAA) fell in the second quarter as the Louisville, Ky., company continues to suffer from the loss of its lucrative tax-refund anticipation loan program.
July 18 -
Deposit costs lagged short-term interest rates on the way up and the way down during the last cycle. A relatively large representation of long-term certificates of deposits could help as rates rise.
July 18 -
First Republic Bank's shares surged Thursday after the San Francisco lender reported a 16% rise in quarterly profit, driven by investment-advisor revenue.
July 18 -
The $23.3 billion-asset company reported Wednesday a second-quarter profit of $74 million, 5% higher than the second quarter of 2012.
July 18 -
Dodd-Frank spurred many mutual banks to convert to stock ownership. Now these well-capitalized, strategically located institutions are approaching the end of the three-year probationary period before they can be sold.
July 18 - Michigan
Flagstar Bancorp (FBC) in Troy, Mich., plans to outsource the servicing of some $3 billion of defaulted mortgages.
July 18 -
PrivateBancorp (PVTB) in Chicago reported a jump in quarterly income as costs associated with soured loans and foreclosed properties fell sharply.
July 18 -
The nation's largest retail banks could lose $92 billion in deposits and $5.1 billion in revenues in the next year, as frustrated customers switch to smaller banks and credit unions, according to a new study.
July 18 -
KeyCorp (KEY) reported a decline in second-quarter earnings, citing additional expenses from a cost-cutting initiative.
July 18 -
With mortgage rates climbing in recent weeks homeowners have switched from feverishly pursuing refinancing to buying new homes, a Federal Reserve Board report said Wednesday.
July 17 - Kentucky
Higher expenses and an uptick in problem loans weighed down quarterly profits at Community Trust Bancorp (CTBI) in Pikeville, Ky.
July 17 -
Bond Street Holdings in Weston, Fla., has found a backup M&A target after its deal for Atlantic Coast Financial fell through.
July 17 -
Community bankers from Kentucky, Utah and North Dakota discuss specific ways they use Facebook, Pinterest and other social media to get to know their customers better and look engaged in their towns.
July 17 -
Wintrust Financial Corp. in Rosemont, Ill., reported a rise in second-quarter profit thanks to higher fee income and lower interest costs.
July 17 -
The CEO of Taupa Lithuanian CU, who is being investigated in this week's failure of the $24 million credit union, is refusing to surrender to police, prompting a standoff at his home here last night into this morning.
July 17 -
Profit rose 37% at Pinnacle Financial Partners (PNFP) in Nashville, Tenn., on the strength of its lending and fee income.
July 16 -
Robert Wahlman will become CFO of the $3.8 billion-asset company and its bank on Aug. 13, Customers announced Tuesday.
July 16 -
Florida Community Bank in Naples is partnering with Raymond James Financial (RJF) to offer its customers asset management services.
July 16




