Community banking
Community banking
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City Holding of West Virginia is buying Community Financial, which had a 120% loan-to-deposit ratio at March 31. The deal allows City Holding solve an issue plaguing many community banks: how to find loans to offset record deposit growth.
August 3 -
Citizens Republic Bancorp Inc. (CRBC), the Michigan lender that has yet to repay a $300 million U.S. government bailout, is soliciting takeover bids from competitors, said three people with knowledge of the matter.
August 3 -
CertusBank has agreed to buy Myers Park Mortgage, a private mortgage company in Charlotte, N.C.
August 3 -
OceanFirst Financial announced Friday that its president and chief operating officer, Vito R. Nardelli, is stepping down at the end of August "to explore various professional and personal opportunities."
August 3 -
FHFA nixes principal reductions; Democrats seethe but bankers cheer DeMarco; end in sight for refi boom.
August 3 -
City Holding in Cross Lanes, W.Va., continues to bulk up in Virginia, announcing late Thursday that it is buying Community Financial in Staunton for $26.1 million in stock.
August 3 -
Community Bank System will close five branches in September. Three of the targeted branches are ones that First Niagara acquired from HSBC and then sold to Community Bank in July.
August 2 - Minnesota
The banking unit of American Bancorporation in St. Paul, Minn., has plans to shutter at least its third branch of the year by the end of this month.
August 2 -
U.S. regulators said Thursday they will be giving homeowners who believe they may have been wrongfully foreclosed upon more time to get an independent review.
August 2 -
Space Coast Credit Union announced Thursday that NCUA and state regulators have approved the spin-off of its two Jacksonville branches to Alive Credit Union.
August 2 -
Urban Partnership Bank, a Chicago bank formed to buy ShoreBank's deposits and assets from the Federal Deposit Insurance Corp. in 2010, has agreed to buy a large branch in Chicago's South Side from Northern Trust (NTRS).
August 2 -
Banks are trying hard to beef up programs tied to consumer protection, thanks to the creation of the CFPB and other consumer-related regulations. But there are few people in the job market with experience in banking and consumer protection, making this a lucrative opportunity for those who are skilled at both.
August 2 -
BB&T is eyeing other deals and planning to open more branches in Florida after buying BankAtlantic this week, regional executive Michael Oster says.
August 2 -
Heartland Financial USA (HTLF) is bulking up in Wisconsin with a deal to acquire First Shares in Platteville for roughly $11 million in cash and stock.
August 2 -
First California Financial Group (FCAL) — under pressure from activist investors to find a buyer — hired Keefe, Bruyette & Woods (KBW) to explore a sale or other strategic options.
August 1 - New Hampshire
New Hampshire Thrift Bancshares (NHTB) has made its first bank deal in nearly five years, agreeing to buy Nashua Bank for roughly $19.4 million.
August 1 -
BB&T CEO Kelly King took a lot of heat for letting a rival beat him out for RBC Bank, but his patient pursuit of the more affordable BankAtlantic instead looks wise in retrospect.
August 1 - New York
Hudson Valley Holding (HVB) in Yonkers, N.Y., reported lower second-quarter earnings after net interest income dropped from the same period a year earlier.
August 1 -
Alive CU, the former Blue Cross credit union known till last month as Healthcare's Cooperative CU, is expanding outside of healthcare facilities with a deal to buy two stand-alone branches from Space Coast CU.
August 1 -
A reluctance by community bankers to engage in a price war with bigger banks over commercial and industrial loans has allowed less-competitive commercial real estate lending to slowly make a comeback.
August 1





