Community banking
Community banking
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Earnings at the $7.5 billion-asset company in DeWitt, N.Y., fell 8.5%, to $18.3 million, from a year earlier, it reported Tuesday.
October 24 -
Pacific Continental (PCBK) in Eugene, Ore., has agreed to buy Century Bank for $13.4 million in cash.
October 24 -
Lower yields and higher expenses weighed on Hudson City Bancorp (HCBK) in Paramus, N.J., in the third quarter.
October 24 -
IberiaBank Corp. reported a hefty increase in earnings after lowering its loan-loss reserve and reporting loan growth.
October 24 -
Ameris Bancorp (ABCB) in Moultrie, Ga., reported a 93% drop in earnings and missed projections by 10 cents per share in the third quarter.
October 23 - Mississippi
Trustmark's company's earnings rose 2% from the second quarter and 9.5% from a year earlier, to $29.9 million. The Jackson, Miss., company said in a press release late Tuesday that higher revenue from insurance commissions and mortgages helped boost its bottom line.
October 23 -
Third-quarter income rose slightly for UMB Financial (UMBF) as the Kansas City, Mo., company reported higher average loan balances and noninterest expenses.
October 23 -
Borba, along with his brother John, Ron Kruse and others founded Chino Valley Bank in 1974 "with the vision of creating a community bank that could provide customized banking relationships to the many small businesses and business owners in the greater Chino area," the $6.3 billion-asset CVB said in a press release Tuesday.
October 23 -
The Federal Deposit Insurance Corp. has lifted a consent order against Metro Bank related to the bank's anti-money laundering and Bank Secrecy Act programs.
October 23 -
Gregory Mitchell, who left First PacTrust Bancorp last month, has joined First Tech Federal Credit Union as president and CEO. In a letter posted on First Tech's website, Mitchell admitted to having a credit union membership while running at least two banks.
October 23 -
Regulators are barring a Maryland bank holding company from paying shareholders and some creditors until it takes steps to boost capital.
October 23 -
American Heritage in California had been facing pressure from the OCC to diversity beyond SBA lending. Rather than reinvent itself, the bank found an eager buyer in Sterling Financial, a Spokane, Wash., company that wants to expand the SBA platform.
October 23 -
Straying far from home is often a mistake. F.N.B. can speak to that from a past foray into Florida. But the Pennsylvania bank says its more focused deal in Maryland will work.
October 23 -
Numerica Credit Union recently held what amounts to a happy hour at its branches, except instead of cocktails, people were given $5 checks and shown how to use phones to deposit those checks.
October 23 -
All banks are eager to boost wallet share, but a new survey shows that many are not doing such a good job of cross-selling one of the most basic products to their checking clients.
October 23 -
The flood of new regulation, demands for more capital, harsh enforcement and an unexplained three-year-old de facto moratorium on de novo charters lead one to believe Washington wants fewer community banks
October 23 -
Strong deposit and loan growth fueled third-quarter income at Signature Bank (SBNY) in New York.
October 23 - Ohio
Earnings at FirstMerit, the $14.6 billion-asset Akron, Ohio, bank rose 10%, to $34.9 million in the third quarter, compared with a year earlier, it reported Tuesday. Noninterest expense fell 6.4%, to $108.5 million, over the same period.
October 23 -
Lending to companies that service the federal government have historically been safe bets, but that could change if Washington is forced to make drastic cuts early next year.
October 23 -
Banks can retain their best and brightest staff by offering career advancement opportunities, competitive base salaries, adequate training and attentive performance management.
October 23




