Community banking
Community banking
- Washington
Problem loans continue to haunt Riverview Bancorp (RVSB). The Vancouver, Wash., company on Friday restated its results from last quarter and increased its loan-loss provision for the third time in recent months.
May 25 - Louisiana
The veteran football player will join the Lafayette, La., company's advisory board. Delhomme started his pro career with the New Orleans Saints.
May 25 -
Two small Pennsylvania banks — First Priority Financial of Malvern and Affinity Bancorp of Wyomissing — have announced a deal that would create a 10-branch bank outside Philadelphia.
May 24 -
The acquisitive bank in Lafayette, La., benefits from having executives who have lived all over in their careers - but constant relocation can test a marriage, Chief Executive Daryl Byrd says.
May 24 -
As the potential end of unlimited deposit insurance for noninterest bearing accounts nears, industry observer weigh in on what could to happen to those deposits. Some see the Dec. 31 end of the program as a 'litmus test' for Too Big To Fail and an opportunity for smaller banks.
May 24 -
A small Florida bank has refused to sign an enforcement order that would require it to beef up its capital reserves and reduce its risk, and now its state regulator is asking the courts to step in.
May 24 - Illinois
Harvard Illinois Bancorp's management and board have prevailed in their proxy battle with an activist investor.
May 24 - Kentucky
Bank of Kentucky Financial (BKYF) had named Herbert H. Works to succeed Rodney S. Cain as its chairman.
May 24 -
With profits rising to a "post-crisis high," the FDIC says loan balances fell in the first quarter. But with banks selling off loans and balances affected by seasonal factors, the direction of lending growth is unclear.
May 24 -
COLUMBUS, Ohio — Corporate One FCU said this afternoon that members of Florida's Southeast Corporate FCU have approved the combination of the two, creating one of the biggest corporates in the country with $5 billion in assets.
May 23 -
Nearly a year after calling off a stock sale that would have sharply diluted the value of its shares, Independent Bank in Ionia, Mich., said it would instead raise capital by selling off a batch of branches.
May 23 -
Prices garnered prior to the crisis have little in common with what banks are worth today or what they will likely be worth in the future. Yet boards and managers remain irrationally fixated on outdated, irrelevant valuations.
May 23 -
Cardinal Bankshares' yearlong battle with an activist investor ended with a deadlocked board, an ousted chairman and a lot of uncertainty. The biggest challenge for all parties is determining who is in charge.
May 23 -
Intermountain Community Bancorp had hoped to raise up to $8.7 million from existing shareholders, but the Sandpoint, Idaho, company only got 40% of the way there.
May 23 -
The Federal Reserve Board has posted a video reminding borrowers that they may be eligible for compensation if they were harmed by the foreclosure process in 2009 or 2010.
May 23 - Maryland
Howard Bancorp in Ellicott City, Md., is looking to raise up to $12.8 million through a combined stock sale and private placement and it intends to use at least some of the proceeds to pursue acquisitions.
May 23 -
The Federal Reserve has ordered Britton & Koontz Capital to obtain the regulator’s approval before making a number of strategic moves.
May 23 -
First Bancorp (FBNC) in Troy, N.C., surprised investors by announcing that it would replace its president and CEO, Jerry Ocheltree, with Richard Moore, a former chairman of the North Carolina State Banking Commission. Ocheltree will remain president of the company's bank.
May 23 -
The Virginia company had been fighting efforts by Schaller Equity Partners to win up to five seats on the board.
May 23 -
Investors are now willing to put money into community lenders with credible business plans, sufficient scale, and executives who show "courage" and "fortitude," says Greg Mitchell, CEO of First PacTrust.
May 22




