Community banking
Community banking
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Both sides of a bank deal need to meet with their regulators well ahead of announcing it in today's complicated world.
May 14 - California
The investment group Castine Capital Management has been sharply reducing its ownership stake in First California Financial Group (FCAL) even as it has been pressuring the company to sell itself.
May 14 -
Park Sterling Corporation in Charlotte, N.C., announced Monday that it is buying Citizens South Bank in Gastonia, N.C., in a deal that would instantly double its size.
May 14 -
Government deference to big banks is a source of disgust and outrage that could ultimately lead to real reform and help all banks, says the former Tarp special inspector general.
May 12 -
Congress, unlike the Treasury, was one Washington institution that took a serious interest in preventing taxpayers from getting defrauded, says the former Tarp special inspector general.
May 12 -
The "vice-like grip" giant banks have on both parties makes their forced breakup unlikely. But momentum is rising for a move toward Glass-Steagall, says the former Tarp special inspector general.
May 12 -
The size of the biggest banks has made them a greater systemic risk than ever that's been compounded by the "fantasy" that living wills provide safety, says the former Tarp special inspector general.
May 12 -
When pressed on the AIG bailouts, the administration when on the attack and tried to trivialize a serious area of public concern, says the former Tarp special inspector general.
May 12 -
The Home Affordable Modification Program was so poorly implemented that it accomplished on a fraction of its stated intent, says the former Tarp special inspector general.
May 12 -
Tim Geithner's Treasury Department half-truths, exaggeration and intentional deceptions misled the public about Tarp and the AIG bailout, says the program's former Special Inspector General.
May 12 -
Giant banks pose such a threat to the economy that lawmakers have gone to extreme-and futile-lengths to protect against their failures, says the former Trap Special Inspector General.
May 12 -
Dodd-Frank was tailored to tame giant banks and has left smaller institutions suffering much of the collateral damage, says the former Trap Special Inspector General.
May 12 -
The Justice Department's fear of losing cases and lack of sophistication likely enabled many Tarp fraudsters to get off scott free, says the former Tarp Special Inspector General.
May 12 -
The Fed and Treasury fought fiercely to prevent Americans from learning that the Troubled Asset Relief Program was a giant bailout for banks-not homeowners-says the former Special Inspector General.
May 12 -
The Washington-Wall Street revolving door blinded policymakers to outside concerns and doomed the Troubled Asset Relief Program, says its former Special Inspector General.
May 12 -
As a former banker, I watched in amazement and disgust as the country's largest banks morphed from trusted fiduciaries of customer financial assets to unrepentant predators of consumer financial assets in just a few decades.
May 11 - Pennsylvania
After putting its initial public offering plans on ice, Customers Bancorp in Wyomissing, Pa., has placed $270 million of its investment portfolio on the auction block.
May 11 -
First California Financial Group's decision to turn down a buyout offer from PacWest Bancorp (PACW) has angered at least one of the company's largest shareholders.
May 11 -
Many banks reported strong loan production in the first quarter, but most bankers acknowledged that overall loan demand remains tepid and that the activity is largely a result of stealing business from rival banks.
May 11 -
Faced with losing key commercial clients, a number of community banks are looking to lower loan pricing by offering floating rates. By doing so, bankers are putting themselves at risk if the Fed aggressively raises interest rates.
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