Community banking
Community banking
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The Treasury Department plans next week to auction preferred shares in five banks that received a combined $84 million from the Troubled Asset Relief Program.
August 17 -
Kentucky First Federal Bancorp said Friday that Tony Whitaker will step down as its CEO and as the president and CEO of its two thrifts.
August 17 - Texas
Spirit of Texas Bank SSB in College Station said Friday that it is buying the $77 million-asset Oasis Bank in Houston.
August 17 -
Mutual thrifts looking to convert to publicly traded companies run the risk of increased pressure from activist investors. While the conversion process alone makes it easier for dissidents to accumulate shares, some observers say mutuals are also suffering from lax enforcement of rules designed to protect them.
August 17 - Maryland
Two businessmen, including a former Wachovia banker, were sentenced to federal prison for a $3 million bank fraud Thursday.
August 17 -
The management of 1st Constitution (FCCY) in Cranbury, N.J., is planning to raise up to $7 million through a rights offering.
August 17 -
From Paul Ryan on Volcker to Julie Williams leaving the OCC, Washington managed to dominate banking news during a week when it's traditionally a ghost town.
August 17 -
Eight months after abandoning plans to sell itself, BankUnited (BKU) in Miami Lakes, Fla., is once again weighing offers from potential buyers, the New York Post reported Friday.
August 17 -
It took the Denver company nearly a year to complete its purchase of a rival twice its size. The deal, which required raising capital to buffer against the seller's credit issues and complete a Tarp repayment, illustrates the difficulty of making small but ambitious acquisitions.
August 16 -
We don't need and shouldn't have one-size-fits-all regulatory policies. Community banks are different from their larger U.S. counterparts.
August 16 - Connecticut
The Federal Reserve Board has entered into a written agreement with PNBK Sponsor that requires the Stamford, Conn., company to serve as a source of strength to its bank.
August 16 -
Ellie Mae's survey found that community banks still have some concerns about regulation and compliance costs. Still, they expect that a decline in competition could be good for overall business.
August 16 - Ohio
Shares of United Bancorp (UBCP) fell sharply Thursday after the Martins Ferry, Ohio, company announced that it was cutting its quarterly dividend in half in order to preserve capital.
August 16 -
Old National Bancorp (ONB) in Evansville, Ind., will sell or close 27 branches as part of ongoing efforts to cut costs.
August 16 -
The Office of the Comptroller of the Currency has lifted a regulatory order against Alaska Pacific Bancshares (AKPB) in Juneau.
August 15 -
Aspiring bank buyers including Scott Custer of Piedmont Community Bank Holdings believe that proposed capital rules could reduce pricing and premiums for sellers.
August 15 -
New proposals would require appraisals for "higher-risk" mortgages, and compel lenders to notify borrowers of their right to an appraisal report. But loans meeting the special QM standard would enjoy a lighter touch.
August 15 -
Simmons First National (SFNC) in Pine Bluff, Ark., has outlined a succession plan as it readies for the retirement of its chairman and chief executive, J. Thomas May.
August 15 -
Beltway politics is hurting bank M&A, consumer confidence — but it's also time for bankers to stop opposing Dodd-Frank, says the former Obama chief of staff.
August 15




