Community banking
Community banking
- 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.
May 11 -
I guess I'm tired of reading and hearing banks and their managements cursed, ridiculed and extolled for causing the financial meltdown and economic crisis. It seems that most everyone from Washington to the "Occupy" groups wants a piece of banking's hide for the pain of this recent experience.
May 11 -
Jamie Dimons mea culpa over a $2 billion trading comes at a lousy time for bankers opposed to trading restrictions. It also raises questions about the effectiveness of big banks risk management.
May 11 -
Hudson Valley Holding (HVB) in Yonkers, N.Y., has named a new leadership team following the resignation of founder and Chairman William E. Griffin.
May 11 - Delaware
WSFS Financial (WSFS) of Wilmington, Del., has lowered its previously reported first-quarter earnings after the implementation of a new risk-rating system led it set aside more funds for loan losses.
May 10 - Missouri
BancorpSouth in Tupelo, Miss., announced Thursday that its longtime leader Aubrey Patterson plans to relinquish his duties as chief executive in 2013.
May 10 -
Diebold said it will provide and manage the security of Patriot Bank's new headquarters.
May 10 -
I've never been able to square bankers' constant demands for less regulation with their repeated requests for more government backing on loans, deposits and insurance.
May 10 -
The Federal Reserve Board has entered into written agreements requiring two holding companies to serve as sources of strength for their community banks.
May 10 -
Despite richer returns available further out on the yield curve, large banks have generally not shifted toward long-dated securities, according to regulatory data.
May 10 -
Thomas E. Wiseman, president at Ohio Valley Banc Corp. (OVBC), will add chief executive to his title.
May 10 -
Piraeus Bank, plagued by the debt crisis in Greece, has hired KBW to shop its U.S. bank, according to industry sources.
May 10 -
Expatriates of Somalia threaten to close their accounts at U.S. Bancorp and Wells Fargo unless the banks wire their money to suffering family members back home. But the big banks, and others in the industry, say federal rules make it too hard to offer the service.
May 10 -
The best way to stave off regulatory excess in the wake of a financial crisis is to stop causing crises in the first place. More restraint on financial institutions' part could help.
May 10 - Pennsylvania
Jay Sidhu says Customers Bancorp, a Wyomissing, Pa., company could also revisit its now-delayed IPO by the end of the year.
May 10 -
ROCKVILLE, Md. — Branchless-Realtors FCU, billed as the first virtual credit union when it was chartered by the National Association of Realtors three years ago, is throwing in the towel and plans to merge into Northwest FCU, the $2.2 billion credit union in nearby Herndon, Va.
May 10 -
After benefiting from the acquisition of a failed bank in 2011, First Citizens BancShares’s (FCNCA) first-quarter earnings were down more than 42%, to $35.5 million, from a year earlier.
May 10





