Community banking
Community banking
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Capital Bank in Raleigh, N.C., reported a 14% rise in second-quarter earningsm while TIB Financial in Naples, Fla., said its second-quarter profit nearly doubled.
August 9 -
The Columbia, S.C., company is used to gaining branches and other assets in past deals. Buying Savannah Bancorp adds an investment advisory firm and mortgage capabilities at a time when banks are looking everywhere for ways to boost fees.
August 9 -
Southwest Bancorp (OKSB) in Stillwater, Okla., has repurchased all of the $70 million in preferred securities it sold to the Treasury Department under the Troubled Asset Relief Program.
August 9 -
About 40 banks and credit unions will offer free gas in 20 cities nationwide in a promotion organized by BancVue. The event is designed to draw attention to certain deposit products offered through BancVue's Kasasa brand.
August 9 -
State regulators approved the mergers of five more troubled credit unions yesterday, including two by Credit Union of Southern California, the $600 million Brea credit union's third merger of the past few months.
August 9 - North Carolina
First Citizens BancShares (FCNCA) in Raleigh, N.C., posted strong second-quarter results because of higher net interest income and a lower loan-loss provision.
August 9 -
Jeff Gerhart, the chairman and CEO of Nebraska's Bank of Newman Grove, is trying to help farmers with drought issues while also tackling concerns over Basel III rules and implementation for the Independent Community Bankers of America.
August 9 - Pennsylvania
Susquehanna Bancshares (SUSQ) in Lititz, Pa., plans to raise up to $150 million through a senior notes public offering.
August 9 -
Almost everyone has a bank. Fewer and fewer have a banker. Heres why that needs to change.
August 9 -
Morrill & Janes Bank and Trust in Merriam has agreed to buy United Bank of Kansas in Lenexa. United will be merged with Morrill and operate as a branch, Morrill said in a press release.
August 8 -
Itaú Unibanco Holding in São Paulo, Brazil, has denied that it is in negotiations to buy Citizens Financial Group, the U.S. arm of the Royal Bank of Scotland (RBS).
August 8 -
Vendors are jockeying to be the go-to firm for banks that wish to shed the piles of paper statements and bills still blocking the path to low-cost digital processing.
August 8 -
The case of Cross River Bank demonstrates how small banks swimming in excess liquidity are getting creative to add loans. The Teaneck, N.J., bank's CEO and senior lenders are walking visiting businesses offer small 0% loans.
August 8 -
Bowing to pressure from community bankers, regulators extended the comment period on a set of proposals that will lift banks' minimum capital requirement to 7%.
August 8 - Georgia
Robert Hill, SCBT's president and CEO, announces his second open-bank deal in nine months as it looks to consolidate in South Carolina and Georgia. SCBT has also bought three failed banks since January 2010.
August 8 -
Bridge Capital Holdings (BBNK) has put its expanding capital-finance business into a separate division and named Lee Shodiss its boss.
August 8 -
The multidistrict litigation process lumped together disparate overdraft cases in a "one size fits all" approach. As a result, it did not achieve the salutary goals the judicial panel set out to accomplish and must be judged an expensive failure.
August 8 -
Prime Pacific Financial Services in Lynwood, Wash., will raise $5 million through a private placement of common stock as it works to meet capital requirements from a regulatory order.
August 7 -
Bureau says banks with fewer than 100 international money transfers a year can avoid new fee disclosure requirements, but some industry officials say the threshold is still too low.
August 7 - Arizona
The Federal Reserve Board has issued an enforcement order against Gold Canyon Bank that gives the Gold Canyon, Ariz., company 90 days to become adequately capitalized or to sell itself.
August 7



