Community banking
Community banking
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Banks with at least $10 billion of assets approved 14.9% of loans between $250,000 and $3 million in December, up nearly two percentage points from a month earlier and the highest rate in roughly a year, according to an index published Wednesday by Biz2Credit, which connects small and mid-size business borrowers with lenders.
January 11 -
Flagstar in Troy, Mich., provided misleading information about the condition of loans that backed securities insured by MBIA and led to big losses, MBIA's lawsuit says.
January 11 -
The Independent Community Bankers of America (ICBA) is toasting the Government Accountability Office (GAO) for agreeing to examine the economic benefit that megabanks derive from their too-big-to-fail status.
January 11 -
Profits rose 43% at DSA Financial (DSFN) of Lawrenceburg, Ind., on its sales of loans and investments last quarter.
January 11 -
Analysts will also pay close attention to what bankers says about cost cutting and fallout from the fiscal cliff compromise.
January 11 -
Heartland Financial USA (HTLF), a multibank holding company in Dubuque, Iowa, has swapped executives with one of its subsidiaries through a pair of promotions.
January 11 -
First Keystone in Berwick, Pa., has convinced its retired chief executive to serve as its vice chairman.
January 11 -
The $11.5 billion-asset subsidiary of Umpqua Holdings Corporation (UMPQ) said Thursday that its private banking arm will expand service to Seattle and San Francisco.
January 10 -
Old Dominion National Bank of North Garden, Va., has struck a deal to raise funds from an investor, contingent on the success of a private placement.
January 10 -
The $196 million-asset bank in Mt. Dora, Fla., said Thursday it has opened a branch in Orlando that continues its commitment to the environment.
January 10 -
Unlimited TAG insurance of noninterest-bearing deposits ended with 2012. Any shifting of cash from banks to money market funds has been modest so far.
January 10 -
Hanmi Financial announced Wednesday that it has hired an advisor to help it explore strategic alternatives. Observers say the recovered lender could be a hot ticket, fetching between $16 to $20 per share.
January 10 -
American Samoa has only one bank left after Bank of Hawaii announced it would leave. A group led by Afimutasi Gus Hannemann is working to bring others to the tiny island territory.
January 10 -
Hingham Institution for Savings in Massachusetts (HIFS) will soon have an island outpost.
January 10 -
Community banks are likely to look at trimming more costs in 2013 as investors insist on improved efficiency.
January 10 -
Southern Bancorp in Arkadelphia, Ark., has hired a sitting state legislator to become its chief executive.
January 10 -
PNC Bank and Charter One Bank have each named new regional presidents for Illinois.
January 10 -
Donna Goodrich, new chairman of the Federal Home Loan Bank of Atlanta, promises to represent banks of all sizes — not just bigger ones like BB&T — and says FHLBs could be pivotal to housing reform.
January 10 -
The elimination of a requirement that ATMs have physical placards notifying users of any fees should end a wave of litigation against banks and credit unions.
January 10 -
Mortgage loans bolstered the Bank of South Carolina in the fourth quarter.
January 10




