Community banking
Community banking
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The Federal Deposit Insurance Corp. is planning a series of workshops for investors who would like to buy assets from failed financial institutions.
September 21 -
Jay Sidhu, the head of Customers Bancorp in Pennsylvania, has received about as much money from private investors in recent months as it sought to raise in its canceled IPO.
September 21 -
BNCCorp (BNCC) has reached a settlement with its insurers more than two years after the Bismarck, N.D., company discovered that it had been defrauded by a mortgage servicer.
September 21 -
When FirstMerit agreed to buy Citizens Republic this month, it capped Cathleen Nash's efforts to rebound from recession in hard-hit Michigan.
September 21 -
If TAG is senselessly allowed to expire, many depositors may sever their relationships with the smaller banks in their communities and opt to place their money under the "protection" of the Too Big to Fail institutions.
September 21 -
CapStone Bank in Raleigh, N.C., has agreed to buy Patriot State Bank in Fuquay-Varina, N.C., for roughly $10.6 million.
September 21 -
The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.
September 21 -
Big banks hire a former governor (Pawlenty) as their top lobbyist. An FDIC official (Hoenig) slams their behavior. And the FHFA proposes linking GSE fees to foreclosure costs.
September 21 -
First California Financial Group is on the verge of announcing an agreement to sell itself, possibly to UnionBanCal or CVB Financial — and not hostile bidder PacWest, sources familiar with the matter say.
September 20 -
The selection of Tim Pawlenty as the Financial Services Roundtable's new CEO was a shock to those inside and outside Washington. We answer frequently asked questions about why he was chosen and what it means for the Roundtable — and the industry.
September 20 -
The advantages a public company has in buying open banks outweighed the relatively low pricing of its initial public offering, National Bank Holdings CEO Timothy Laney said on its first day of trading.
September 20 -
The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.
September 20 -
Tim Pawlenty is hardly the first prominent politician to turn into a bank lobbyist. Indeed, there's a long line of them.
September 20 -
Oak Bank of Chicago plans to use the Premier core processing platform, as well as Fiserv products for mobile banking, branch capture and merchant source capture.
September 20 -
Industry observers have commended the Walla Walla, Wash., company for righting the ship after it was hammered by exposure to bad construction loans. But now investors are wondering how it will grow in a weak economy.
September 20 -
FirstBank Holding in Lakewood, Colo., will close 15 branches in its home state, reflecting an increase in its customers' reliance on electronic banking.
September 20 -
Ambassador, a broker-dealer and deal advisor, announced Thursday that it would acquire the operations of Capital Insight Partners. Jacob Eisen and Tad Gage, the co-founders of Capital Insight, are set to become managing directors of Ambassador.
September 20 -
Capital Bank Financial and National Bank Holdings priced their initial public offerings below the ranges they gave last week. Other banking companies have struggled in the IPO market this year.
September 20 -
First National Bank of the Gulf Coast believed it had all the cards in place to become a serial bank acquirer. But it hit a snag: the bank lacked a holding company to fully put its strengths to use.
September 20 -
Days after restating its 2011 results to show a larger loss, Broadway Financial (BYFC) in Los Angeles announced Wednesday that its first-quarter loss was lower than it first reported.
September 20





