Community banking
Community banking
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PacWest Bancorp in Los Angeles is attempting a hostile takeover just days after unseating Umpqua Holdings to buy American Perspective Bank. Industry observers say the company's newfound buying aggression might make it a better seller someday and give its PE investors a tidy exit.
May 9 - Virginia
First National Corporation in Strasburg, Va., is planning to raise up to $11.8 million in a rights offering and intends to use the proceeds to bolster its capital levels, invest in its expansion and perhaps buy back preferred shares issued under the Troubled Asset Relief Program.
May 9 -
Business clients that receive thousands of checks per month typically can't get automated bulk check processing services from a small bank. And if the services matter to those clients, the small banks lose their business to larger rivals.
May 9 - Missouri
Enterprise Financial Services (EFSC) in St. Louis is aiming to repay at least part of the $35 million it received from the Troubled Asset Relief Program by the end of this year.
May 9 - Texas
Hilltop Holdings announced Wednesday that it is buying PlainsCapital of Dallas for roughly $520 million in cash and stock.
May 9 -
PacWest Bancorp has been busy in the past week, usurping another bank's offer for American Perspective Bank and launching a hostile bid for First California. There have been a handful of similar bids in the past decade or so, though few have succeeded.
May 9 -
PacWest Bancorp (PACW) in Los Angeles is dead serious about expanding its California footprint through acquisitions.
May 9 -
The bank, led by ex-Sovereign chief Jay Sidhu, cited uncertain market conditions.
May 8 -
Cambridge Savings Bank has added mobile check deposit to its mobile banking app.
May 8 -
Webster Financial (WBS) in Waterbury, Conn., has established a new Treasury Services division and brought in former SunTrust Banks (STT) executive Philip C. Picillo to run it.
May 8 -
Bankers received an earful about pay from the public this year. But among the audience that matters mosttheir own shareholdersthe feedback was overwhelmingly positive.
May 8 -
Sun CEO Tom Geisel says hiring teams of bankers from rivals and opening new offices will allow Sun to thrive once it purges an existing portfolio of nonperforming real estate loans.
May 8 - Florida
EverBank Financial (EVER) in Jacksonville, Fla., has launched a new wealth management unit that will target affluent households nationwide.
May 8 -
Automated Clearing House payments are cheap, but compared to other payment methods they are slow, and companies are constantly developing adaptations and alternatives to make such payments in real time.
May 8 -
The pace of small-business lending slowed in April as demand from borrowers weakened and lenders of all sizes approved fewer loans.
May 8 -
A tiny merger in Maine could prove a test case for a type of deal that risk-averse acquirers have been struggling to pull off.
May 8 -
Mike Slocum, head of Capital One's growing commercial and specialty lending operations, has helped the bank diversify by financing some very niche industries.
May 8 -
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Six months ago Alliance Bankshares and a merger partner called off a deal they had announced - and Alliance's CEO says the Virginia bank has found a superior alternative.
May 7 -
Paul Nash, a former lobbyist, will advise the new comptroller after heading FDIC's legislative operations during run-up to Dodd-Frank.
May 7






