Community banking
Community banking
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American Banker's Robert Barba on how Kansas has become fertile territory for bank deals and why more are in the works.
July 6 -
Henry Michaels and Jerry Wiant of RBC Capital Markets give their outlook for deals and pricing, discuss why taking stock can still be a good thing for sellers and advise bank buyers to manage investor expectations.
July 6 -
Preferred Bank (PFBC) in Los Angeles is set to post its first loss since the fourth quarter of 2010 following unexpected write-downs on two loans.
July 6 -
Frederick County Bancorp in Frederick, Md., said Friday that its second-quarter earnings rose nearly 140% from the same period last year, to $448,000, due to improved credit quality and sharply lower deposit costs.
July 6 -
Wayne Savings Bancshares (WAYN) in Wooster, Ohio, is exiting the trust business and transferring its $40 million of trust assets to Thomasville Bancshares in Georgia.
July 6 - California
Seacoast Commerce Bank (SCCB) said Thursday that it opened a second branch in the San Diego area and relocated its headquarters to that new branch.
July 5 -
Silicon Valley Bank in Santa Clara, Calif., has opened a new back office facility in Tempe, Ariz., that it says will eventually house nearly 500 employees.
July 5 - Maryland
Montgomery County, Maryland, has picked five community banks to receive $10 million in county deposits. But the banks must make twice that amount in commercial loans to local businesses.
July 5 -
The Federal Reserve Board terminated written agreements with bank companies in Minnesota and Oregon and entered into a new one with a Maryland company.
July 5 -
Two more banks are seeking to deregister their common stock following the passage of the Jumpstart Our Business Startups Act, citing potential savings on compliance costs.
July 5 -
The U.S. island territory is on the verge of having only six banks left, but executives there welcome consolidation and appear more open to change than their mainland peers.
July 3 -
Still holding stakes in some 325 banks, the Treasury is expected to accept bigger discounts as it works to unwind the bailout-era program.
July 3 -
Growth in commercial and industrial loans fell to the slowest pace in a year during the period, according to preliminary data. But the increase was still healthy enough to offset contractions in other loan categories, and help drive an expansion in balance sheets.
July 3 -
Officials with St. Helens Community Federal Credit Union in Oregon and nearby Wauna Federal Credit Union said they plan to merge to create a credit union with about $300 million in assets.
July 3 -
Four New York thrifts — Dime Savings, CMS, NorthEast Community and Fairport Savings — received approval Monday to switch from federal to state charters, adding to a growing list of converts nationwide.
July 3 -
PSCU Financial Services, a service organization that provides products and services to its roughly 1,500 member credit unions, announced Monday that it will begin issuing prepaid chip cards for several of its clients this summer.
July 3 -
EverBank this week was the latest buyer to take advantage of the ripening market for books of commercial and other types of credits. Wells Fargo, City National and others have announced similar moves.
July 3 -
Solera National Bank in Lakewood, Colo., has been freed from a consent order under which it had been operating for more than two years.
July 3 - Ohio
United Community Financial (UCFC) in Youngstown, Ohio, will take a $5.2 million loss on a group of loans to a single commercial customer.
July 3 -
Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., is considering raising up to $50 million in fresh capital so it can make more acquisitions if and when opportunities arise.
July 3







