Community banking
Community banking
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Mark Jaindl, a Pennsylvania banker, fell less than 100,000 short of shaking up the board at the parent of Home Savings Bank.
May 21 -
Senate Majority Leader Harry Reid plans to hold a long-awaited vote later this week on the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau. With the opposition GOP planning to block the nomination, the move is a rehash of past battles and a sign that politics is once again trumping pragmatism in bank policymaking, argues Washington Bureau Chief Rob Blackwell. Ironically, the Republican's opposition will keep the CFPB focused largely on banks, rather than on their nonbank rivals, and could end up doing their banker friends more harm than good.
May 21 -
Ohio Valley Bank in Gallipolis has joined the Federal Reserve System.
May 21 -
Wintrust Financial in Rosemont, Ill., has retooled the ranks at its Wheaton Bank & Trust.
May 21 -
Organic growth, dealmaking and innovation are taking a backseat to compliance, bank executives told KPMG in a new survey.
May 21 -
The activist investor claims that D.F. King failed to turn in a master ballot, causing his board candidate to lose an election.
May 20 -
The $208 million-asset bank has filed an application for the change with regulators, it said last week. Executives wanted to get away from the geographically limiting name, though they plan to keep the bank's headquarters in Lowell.
May 20 -
The best-connected bankers in town combine heartfelt community involvement with hard-headed pragmatism about the importance of personal relationships when doing business. American Banker Magazine Editor Heather Landy discusses what others can learn from their examples.
May 20 -
The $2 billion-asset company in Rockville, Conn., said Monday it plans to repurchase as many as 10% of its roughly 2.7 million shares outstanding.
May 20 - Florida
Shareholders of OptimumBank Holdings (OPHC) have approved a reverse stock split aimed at preserving the Fort Lauderdale, Fla., company's Nasdaq listing.
May 20 -
Enterprise Financial Services has completed the purchase of a mortgage business from F&M Bank and Trust.
May 20 - Florida
Miguel Blesa, a former executive of Caja Madrid, is in Spanish prison after being accused of arranging to buy Florida's City National Bank at an inflated price.
May 17 - California
Pacific Mercantile Bancorp (PMBC) has postponed its annual meeting after it discovered that it awarded too many stock option grants to its former chief executive.
May 17 - Pennsylvania
Fulton Financial (FULT) in Lancaster, Pa., announced that its longtime chief financial officer will retire at the end of this year.
May 17 -
The CFPB's revised final rule on remittances made it easier on bankers, but it will still have a significant though unclear impact on international money transfers.
May 17 -
As investor Jay Sidhu and Atlantic Coast Financial intensify their fight over the Florida company's deal to sell to Bond Street Holdings, the market has priced a higher deal value into the stock. Atlantic Coast warns that no such bump-up is coming.
May 17 -
Commerce Bancshares is the latest bank to announce plans to buy a small bank in Oklahoma, which boasts one of the nation's lowest unemployment rates
May 17 -
Brennan Ryan, a partner at Nelson Mullins, ran the equivalent of several marathons with his wife and a friend in the Marathon des Sables to raise money for Hemophilia of Georgia.
May 17 -
The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough action by banking regulators.
May 17 - Virginia
Hampton Roads Bancshares (HMPR) in Virginia Beach, Va., has named Charles Johnston chairman.
May 17





