Community banking
Community banking
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The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.
May 18 -
Bank stocks are up 13% this year, despite the recent swoon tied to JPMorgan Chase's trading snafu. That appreciation is pushing dividend yields down, leading some to wonder if banks will eventually raise quarterly payouts or hold onto the capital.
May 18 -
National Bank Holdings in Boston is shifting its headquarters to Denver following a string of bank acquisitions in Colorado and nearby states.
May 18 -
Put aside the bellyaching about the disappointing deals market. Focus instead on creative deals, nontraditional acquisitions and the nuances of what can be done within current regulations and economic realities, experts will advise at American Banker's M&A conference Monday and Tuesday.
May 18 -
A $2.3 billion loan temporarily pushed Emigrant's total assets over $15 billion. Because it was briefly above that threshold, the bank will be subject to a provision of the Dodd-Frank Act that prevents banks from counting trust preferred securities as part of their Tier 1 capital. Emigrant is asking Congress for an exemption.
May 18 -
Now that a proposal to give credit unions more business lending power has been tabled, banks and credit unions have resumed their long-running battle over taxes.
May 18 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
May 18 -
NCUA said this morning it has barred the former CEOs of U.S. Central FCU and Members United Corporate FCU from working for or with any corporate credit union for their roles in two of the biggest credit union failures.
May 18 -
BankTennessee in Collierville has been released from a two-year-old enforcement order after it improved its capital ratios and sharply reduced its concentration of commercial real estate and construction loans.
May 18 -
More than two-dozen have already announced that would stop filing reports with the regulator and many more could follow as they aim to cut costs.
May 18 -
The new director, James McDonough, once served as the CEO for Abington Bancorp, a Boston-area company that was sold in 2004.
May 18 -
Avoid the bluster and the defensiveness, and focus on communication and steps to improve the bank, veterans of activist investor fights like John Palmer of PL Capital advise.
May 17 -
Porter Bancorp's shareholders have granted the struggling company more flexibility to raise capital to meet the demands of regulators.
May 17 -
Capitol City Bank, a minority-owned bank in Atlanta that is under orders from its regulators to add fresh capital, is getting a shot in the arm from SunTrust Banks (STI).
May 17 -
United Community Banks in Blairsville, Ga., received a subpoena and a notice of formal investigation from the Securities and Exchange Commission related to its deferred tax asset valuation allowances and goodwill impairment charges taken in 2009 and 2010.
May 17 -
Prosperity Banchares’ deal to buy East Texas Financial Services is on hold after another bank holding company that owns a stake in the $212 million-asset East Texas filed a lawsuit to block the sale.
May 17 -
MetroCorp Bancshares Inc.'s (MCBI) public offering of 4.45 million common shares priced at a 7.4% discount to Wednesday's close.
May 17 -
Demand for bank stocks is up this year, but Wall Street is showing reluctance to fund a certain kind of lender: Community banks with dim prospects for making acquisitions. MetroCorp Bancshares of Houston, First Community of Lexington, S.C., and Northeast Bancorp of Lewiston, Maine all find themselves in this situation.
May 16 - Kentucky
The former chief financial officer of the failed Tennessee Commerce Bank has taken the same role at First Financial Service Corporation, a struggling Kentucky bank.
May 16 - Washington
Activist investor Joseph Stilwell is not winning much outside support in his bid to force changes at First Financial Northwest (FFNW) in Renton, Wash.
May 16





