Community banking
Community banking
- California
Shares of Cathay General Bancorp soared Wednesday after the Los Angeles company reported a nearly 20% increase in its third-quarter profit.
October 17 -
Bricks-and-mortar locations arent yet obsolete. Leading banks are responding to changing consumer demands by developing specialized branch formats, increasing their focus on advice and emphasizing proactive engagement with customers.
October 17 -
Sterling Financial in Spokane, Wash., said that two lawsuits filed over its bank's overdraft fees have been dismissed.
October 17 -
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Strong net interest income helped Wintrust Financial (WTFC) overcome rising labor expenses and smaller gains on failed-bank acquisitions.
October 16 -
Park National (PRK) in Newark, Ohio, warned that a loan chargeoff may lower earnings per share for the third quarter by as much as 41%.
October 16 - Pennsylvania
Fulton Financial (FULT) in Lancaster, Pa., said late Tuesday that its third-quarter profit climbed 5.7%, to $41.6 million, from the same period last year as improved asset quality and growth in fee income offset sluggish loan growth.
October 16 -
BofI Holding (BOFI) in San Diego plans to raise $18.6 million through a private placement of preferred stock.
October 16 -
Stonegate Bank (SGBK) in Fort Lauderdale, Fla., beefed up its lending team even as it reported higher profits for the 27th consecutive quarter.
October 16 -
The trade group's annual gathering showcased an industry less preoccupied with stabilizing itself and adapting to new regulations — and more interested in looking toward the future.
October 16 -
Lakeland Bancorp (LBAI) in Oak Ridge, N.J., posted third-quarter profit of $5.5 million, up more than 14% from a year earlier as nonperforming assets and noninterest expenses declined.
October 16 -
River City Bank in Sacramento, Calif., has named a payments-technology veteran to its board of directors.
October 16 -
Fast-growing State Bank and Trust in Macon, Ga., has purchased substantially all of the assets of Altera Payroll, a payroll services company, to diversify its revenue stream.
October 16 -
Banks that wait to be told what to do wont thrive because the possibility of surprising and delighting customers with innovation is exactly zero when you wait for them to tell you what to build.
October 16 -
National Penn Bancshares, the $8.4 billion-asset parent company of National Penn Bank, said Tuesday it plans to move its headquarters to Allentown, Pa. from Boyertown, Pa.
October 16 -
Commerce Bancshares (CBSH) in Kansas City, Mo., reported that third-quarter earnings rose about 1%, to $66 million, from a year earlier as loan demand increased.
October 16 -
Citigroup chief executive Vikram Pandit resigned effective immediately on Tuesday, the third-largest bank said on Tuesday morning.
October 16 -
A report from the CFPB's ombudsman found that problems endemic to mortgage servicing are prevalent in student loan servicing as well.
October 16 - Texas
Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., has agreed to pay roughly $53.7 million to acquire a niche bank to help fund future loan growth.
October 15 -
Regulation and low interest rates are challenging all banks, but a panel of CEOs at the American Bankers Association's annual convention shared tips on how they believe smaller institutions can succeed.
October 15


