Community banking
Community banking
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Hampton Roads Bankshares (HMPR) of Norfolk, Va., has found new buyers for three of its Gateway Bank & Trust branches it had previously agreed to sell to ECB Bancorp (ECBE).
April 30 -
CrossFirst Bank in Leawood, Kan., has agreed to acquire substantially all of the assets and deposits of Mercantile Bancorp's $110 million-asset Heartland Bank.
April 30 -
Fulton Financial in Lancaster, Pa., is planning to open six new branches in 2012 and will renovate five others as part of a broader effort to make its branches more inviting and free up staff to better interact with customers.
April 30 - Ohio
First Financial in Cincinnati instituted a full pay-out of earnings in August. Although investors were happy with the move, the company has been swarmed with questions over how long it plans to keep the payout. Last week, the company committed to it until the end of 2013.
April 30 - New Jersey
Just days after announcing a major expansion in mortgage lending, Sun Bancorp (SNBC) in Vineland, N.J., said that it is beefing up its commercial lending team as well.
April 30 - Ohio
PVF Capital (PVFC) posted its first profitable quarter in four years as the Solon, Ohio, company benefited from a surge in mortgage lending activity and continued improvement in asset quality.
April 30 -
Capitol Federal Financial (CFFN) of Topeka, Kan., reported second-quarter income of $19.3 million, up more than 23% from a year earlier, as it lowered its total interest expenses.
April 30 - Georgia
State Bank Financial in Atlanta reported strong loan growth and lower expenses in the first quarter, but its overall profit fell 38% from the same period last year due what it describes as the "inherent volatility" related to the accounting of failed-bank acquisitions.
April 30 -
Mergers and acquisitions enjoyed a notable uptick in the first quarter. Now financial dealmakers are hotly debating whether it's a one-quarter wonder or the beginning of a much-heralded consolidation.
April 30 - North Carolina
Armed with fresh capital from its new ownership group, Crescent Financial Bankshares in Raleigh, N.C., has reported its first profitable quarter in two years and said it has won approval from regulators to resume divided payments on both trust-preferred securities and shares issued to the Treasury Department under the Troubled Asset Relief Program.
April 30 - Hawaii
Hawaii State FCU announced this morning the hiring of Andrew Rosen, an experienced banker on the mainland, as president and CEO of the $1.3 billion credit union.
April 30 -
There's a sizable, growing community of people who'd be receptive to the notion that you can get needed services without having to support the companies that have inflicted so much damage on the economy and the country.
April 30 -
WASHINGTON — On the heaviest night of bank closures this year, regulators across four states shuttered a total of five institutions, bringing the year’s failure total to 22 and costing the Federal Deposit Insurance Corp. more than $270 million.
April 27 -
Pay for bank CEOs increased a median 16% in 2011 among a group of 160 banks. Growth was particularly brisk at institutions with less than $20 billion of assets, where CEO compensation measured 2% of total payroll expenses, a far higher level than at larger banks.
April 27 - Delaware
WSFS Financial (WSFS) in Wilmington, Del., has been using its excess capital to open new branches, hire lenders and beef up its wealth management operations, but Chief Executive Mark Turner assured investors and analysts Friday that repaying the $53 million it received from the Troubled Asset Relief Program remains a priority.
April 27 -
After experiencing resounding rejections of their executive compensation plans in "Say on Pay" votes in 2011, four community banks — Umpqua, Lakeland Financial, The First of Long Island and Chemical Financial — got busy implementing innovating pay policies.
April 27 -
First Banks of Clayton, Mo., said Friday that it has called off its plan to sell its Florida branch network to an unnamed bank after the two sides could not come to terms on a deal.
April 27 - Texas
The Houston bank's four deals since September would not slow it down if it sees another good M&A opportunity, David Zalman says. Proxy filing details how it courted American State Financial.
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