Community banking
Community banking
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More than half of community bankers think they’ll be involved in a deal within the next two years, either as a buyer or a seller, according to a survey by KPMG.
November 5 -
The $1.3 billion-asset parent company of Orrstown Bank, which regulators ordered in March to strengthen its credit risk management practices, said Monday that Robert Coradi will oversee the company’s credit management functions.
November 5 -
Stifel Financial (SF) in St. Louis has agreed to buy KBW (KBW) for more than $575 million in cash and stock.
November 5 -
Investors are suing the former Tennessee Commerce Bank, which failed in January after becoming critically undercapitalized, for violating federal securities laws, a law firm that filed the lawsuit said Friday.
November 5 -
Regulators closed the $225 million-asset Heritage Bank of Florida in Lutz, and the $924 million-asset Citizens First National Bank in Princeton, Ill. The two failures were estimated to cost the FDIC a combined $111 million.
November 2 -
Camco Financial (CAFI) in Cambridge, Ohio, has processed the rights subscriptions for roughly $9.4 million of its common stock.
November 2 -
International Bancshares in Laredo, Texas, has redeemed another chunk of the money it received from the Troubled Asset Relief Program.
November 2 -
The California Department of Financial Institutions has lifted a memorandum of understanding against Hanmi Bank after the Los Angeles institution's condition improved.
November 2 - Missouri
Commerce Bancshares (CBSH) in Kansas City, Mo., will issue a special dividend ahead of a potential increase in dividend tax rates.
November 2 - New York
A changing asset mix boosted third-quarter results at Sterling Bancorp (STL) in New York. The $2.5 billion-asset company's rose 23% from a year earlier, to $5.3 million.
November 2 -
Under the OCC, a complex foreclosure review process is funneling hundreds of millions of dollars to administrators and advertisements. Critics charge that banks and homeowners would be far better served by a simpler program.
November 2 -
With financial institutions keeping interest rates lower and fees higher on new commercial hybrid accounts, institutions are, in fact, discouraging commercial clients from switching to their new products.
November 2 -
Fears about spikes in tax rates could lead a number of capital-heavy bank to consider one-time plans to return capital to shareholders.
November 2 -
Liberty Bancorp in Georgia is barred from making payments to shareholders and certain debtholders without regulatory approval.
November 2 -
First Republic Bank in San Francisco has agreed to buy Luminous Capital Holdings. Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations.
November 2 -
Fewer loan losses and added fees provided a spark to third-quarter results at Park Sterling (PSTB) in Charlotte, N.C.
November 2 -
After a customer held up Peoples Bank, the president followed the man to his car, drew his firearm and detained the robber until the police arrived. "I told him he wasn't going anywhere," says David Thompson, who has a concealed weapons permit.
November 2 -
The banking unit of 1st Colonial Bancorp (FCOB) in Collingswood, N.J., has converted to a state charter and changed its name.
November 2 -
CertusBank in Greenville, S.C., plans acquire the small business lending operations of a struggling Georgia bank.
November 1 -
NewBridge Bancorp (NBBC) in Greensboro, N.C., is planning to raise $56 million after liquidating $45 million in bad loans and reporting a large quarterly loss.
November 1


