Community banking
Community banking
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The pace of bank mergers slowed in the second quarter, but deal announcements still rose about 15% in the first half from a year earlier, according to SNL Financial.
July 11 -
An unsolicited offer by PacWest added jet fuel to the shares of First California, strengthening its hand in a takeover deal of its own and bolstering management's effort to stay independent.
July 11 -
Dozens of small banks have substantially increased commercial and industrial lending over the past few years. Supervisors are worried that some may be chasing unfamiliar business down a blind alley.
July 11 -
The nation's largest credit union is pushing loan participations, which could help credit unions make more loans despite existing regulatory caps.
July 11 - Texas
International Bancshares (IBOC) in Laredo, Texas, has repurchased $40 million of preferred stock that it issued to the Treasury Department under the Troubled Asset Relief Program.
July 11 -
ProAmérica Bank (PMRA) in Los Angeles has named a 25-year banking veteran as its president and chief executive after a yearlong search.
July 11 - Colorado
FirstBank Holding in Lakewood, Colo., will close a dozen branches inside Colorado grocery stores.
July 11 - California
First California Financial Group (FCAL) has reduced by 38% the number of shares it would pay to acquire Premier Service Bank in Riverside, Calif.
July 11 -
The government has failed to publicly vet its use of auctions to dispose of its remaining Troubled Asset Relief Program holdings. That leaves too many questions unanswered about its exit plans.
July 11 -
John Allison, the former chairman and CEO of BB&T, recently agreed to become the president and CEO of the Cato Institute, a leading libertarian think tank. He joins a growing list of former bank executives who are trying their hand at something totally unrelated to banking.
July 11 -
Small banks beat out their larger counterparts last month with a bigger jump in approvals for loans to small businesses, according to the Biz2Credit Small Business Lending Index.
July 11 -
Comerica (CMA) in Dallas is the latest bank to announce plans to enter the prepaid card market.
July 10 -
1st Security Bank of Washington, a troubled former credit union known until 2004 as Washington's CU, announced this afternoon it raised $32.4 million with an initial public offering, the latest credit union-convert to go public.
July 10 -
Deposits are worth buying if you get them at a good price and are making loans, says Stephen Gordon, the chairman and CEO of Opus Bank, which agreed this week to buy 10 branches from PacWest for a 2.5% premium.
July 10 -
Businesses continue to deposit fund in banks as safety trumps yield as an investment priority. The move continues to cause bankers headaches as the funds weigh down balance sheet returns.
July 10 -
Amalgamated Bank in New York is continuing its product line expansion with the addition of a home mortgage division.
July 10 - Illinois
Taylor Capital Group (TAYC) in Chicago is registering 20.6 million shares of its stock to make it easier for certain shareholders to sell the securities.
July 10 -
HomeTrust Bank in Asheville, N.C., is set to raise up to $211.6 million as it converts to a stock-owned bank from a mutual thrift.
July 10 -
Businesses are expecting to unload even more cash into banks, according to a liquidity survey released Tuesday by the Association of Financial Professionals.
July 10 -






