Community banking
Community banking
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Thomas Hoy has led the Glen Falls, N.Y., company since 1997. Thomas Murphy, who will become the company's president next month, is set to succeed Hoy when he steps down.
June 1 -
The Massachusetts company has grown in upstate New York by buying Rome Bancorp and opening about a dozen branches in recent years.
June 1 - Puerto Rico
Banco Popular in San Juan, Puerto Rico, is nearing the finish line of its two-year project to rebrand itself in the continental U.S.
June 1 -
As leaders of church and national minority business organizations, few of our congregants or constituents understand or care about the Volcker Rule. Most, however, are concerned about the growing gap in compensation between the working poor and that of the CEOs of major banks, such as Citigroup and JPMorgan Chase.
June 1 -
Even after adjusting for tax differences, S Corp banks generally outperform their C Corp peers.
June 1 -
Abacus Federal Savings Bank and more than a dozen of its former employees are facing criminal charges related to a scheme in which it allegedly falsified information on mortgage applications so that unqualified borrowers could secure loans.
May 31 - Pennsylvania
Orrstown Financial Services (ORRF) in Shippensburg, Pa., has been hit with a lawsuit alleging that it misled investors about its financial strength during its March 2010 stock offering.
May 31 -
Shareholders frown on United Financial's all-stock deal for healthy bank in good market.
May 31 -
The JOBS Act opened the door for more banks to deregister from the SEC. So far, more than 60 banks and thrifts have filed to deregister less than two months after the law was signed.
May 31 -
Kip Weissman, partner with law firm Luse Gorman Pomerenk & Schick in Washington, says lack of options for small banks has more of them weighing whether to partner with similarly sized rivals.
May 31 -
Preferred Bank (PFBC) of Los Angeles has signed a memorandum of understanding with regulators after a more formal consent order was lifted.
May 31 -
Fitch Ratings has lowered its outlook on Trustmark Corporation (TRMK) from "stable" to "negative" following Jackson, Miss., company's announcement Tuesday that it is acquiring BancTrust Financial (BTFG) of Mobile, Ala.
May 31 - Massachusetts
After operating exclusively in Massachusetts for more than a century, United Financial Bancorp (UBNK) in West Springfield is making the leap across the state line.
May 31 -
The election inspector determined that the nominee for Stilwell Group was delinquent in turning in a signed master ballot, invalidating most of the firm's votes as it challenged the Renton, Wash., company.
May 30 -
Three years after a group of private equity firms bought BankUnited out of receivership, industry observers wonder if the deal really paved the way for other firms interested in consolidating banks.
May 30 - Massachusetts
Mutual banks and thrifts in Massachusetts have dodged a bullet — at least for now — on a proposed state law that would have subjected them to new standards on executive compensation.
May 30 - Georgia
The three states that have led the nation in bank failures over the last four years — Georgia, Florida and Illinois — remain home to the banks that are most in danger of failing down the road, according to new data compiled by Thomson Reuters.
May 30 - California
Wilshire State Bank in Los Angeles has been released from an enforcement order that required it to boost its capital ratios and reduce its level of problem loans.
May 30 -
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Kip Weissman, partner with law firm Luse Gorman Pomerenk & Schick in Washington, says handful of shareholder spats around the country shows how more insurgent investors in small banks are "looking for a sale" to "make a nice return."
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