Community banking
Community banking
-
D.A. Davidson, a Portland, Ore., investment bank has recruited two bank M&A advisors in Chicago, Stephen Nelson and Eugene Katz, from rival Hovde Financial.
September 18 -
As branch traffic shrinks and the need to improve customer service grows, video-equipped ATMs are catching on. But is a small location with a video connection and non-existent staff a branch?
September 18 -
Two former Sterling Financial (STSA) mortgage loan officers have sued the company on claims that they are owed unpaid overtime.
September 18 -
The board of directors must anticipate the unexpected and quickly execute strategic alternatives when a problem arises, regardless of its severity. Failure to do so could land their financial institution on the FDIC's problem list.
September 18 -
Two former loan officers at Sterling Financial in Lancaster, Pa., have been sentenced to lengthy prison terms for their role in a multi-year fraud scheme that led to massive losses at Sterling.
September 17 -
With just three and a half months left until 2013, regulators are under pressure to release a boatload of new regulations, including some of the most contentious items on their plate.
September 17 -
Creating New Hampshire Mutual Bancorp will mean one fewer thrift but allows management the chance to preserve a type of institution that is threatened with extinction.
September 17 -
At age one, Occupy Wall Street is smaller and no more focused than in its early days. But its protests in Lower Manhattan this week show that among some, at least, anger toward banks continues to simmer.
September 17 -
Waypoint Real Estate Group, an investment firm focused on foreclosed homes in the U.S., has secured a $65 million loan from Citigroup (NYSE:C) to buy additional properties to turn into rentals.
September 17 -
Underserved consumers need access to high-quality small loans from financial institutions that are based on sound underwriting and include tools for budgeting and saving.
September 17 -
As new banking standards come into focus, the debate rages on about whether they will strengthen the financial system or merely bury it in red tape.
September 17 - Pennsylvania
Polonia Bancorp in Huntington Valley, Pa., is giving investors a chance to buy more of its stock after a planned public offering started sluggishly.
September 17 - North Carolina
BNC Bancorp in High Point, N.C., has completed its acquisition of KeySource Financial nearly 10 months after announcing the deal.
September 17 -
Three Ohio credit unions have completed a rare three-institution merger to form Pathways Financial Credit Union.
September 17 -
Broadway Financial (BYFC) in Los Angeles has increased its 2011 loss by 45%, to $15.4 million, after restating its financial results.
September 17 -
Congress has punched traditional bankers in the nose, and if we do nothing in the next 50 days, they will continue this abuse with impunity.
September 17 -
The Missouri Division of Finance closed the $282.3 million-asset Truman Bank in St. Louis on Friday. The Federal Deposit Insurance Corp. entered into an agreement with Simmons First National Bank in Pine Bluff, Ark., to buy the bank's assets and assume its $245.7 million in deposits.
September 14 -
First Bancshares (FBSI) in Mountain Grove, Mo., said that fewer troubled loans helped it turn a profit in the fiscal fourth quarter that ended June 30.
September 14 -
The FDIC is trying to help bankers prep for exams and more clearly understand the results as part of a broader effort at improving relations, Martin Gruenberg, the agency's acting Chairman, said.
September 14 -
Level One Bancorp in Farmington Hills, Mich., is applying its experience working on failed banks to buy and integrate one that is merely struggling. Patrick Fehring, the company's CEO, says that experience integrating failed banks has prepared Level One to buy the struggling Oxford Bank.
September 14



