Community banking
Community banking
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South Valley Bancorp would more than double its sale price if it collects in full on a pool of suspect business loans before its takeover by Washington Federal is completed.
April 9 -
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Seoul's Hana Financial Group no longer plans to acquire a 51% ownership stake in Saehan Bancorp of Los Angeles.
April 9 -
Participants in the Small Business Lending Fund increased small business lending by $1.3 billion in the fourth quarter, a 37% increase from the previous quarter, the Treasury Department said Monday.
April 9 -
Jefferson’s deal for Carrollton Bancorp is part of the PE-backed company’s plan to expand to $1 billion of assets, which CEO Cashen says is a must in today’s world.
April 9 -
The spread between consumer rates and secondary market rates – a proxy for the profitability of originations – spiked to new highs in the first quarter.
April 9 -
The SEC says Anthony Nocella, Franklin Bank Corp.'s former CEO, and J. Russell McCann, its former CFO, fraudulently concealed the deterioration of the bank's loan portfolio and inflated its earnings before the company declared bankruptcy in 2008.
April 6 -
The Lansing, Mich., company has turned its inventory of community banks into a garage sale to bring in capital to support its struggling banks. With fewer banks left to sell, industry observers say Capitol has few options to keep capital levels above regulatory minimums for failure.
April 6 -
DNB First in Downington, Pa., is acquiring a branch in nearby Boothwyn from Capital Bank of Rockville. Md.
April 5 -
Ailing Orrstown Bank in Shippensburg, Pa., has named a former chief lobbyist at the American Bankers Association to its board of directors.
April 5 -
Community banks will be around a long time if they focus on small business borrowers, pursue customers alienated by bigger banks and dont get greedy, panelists on an American Banker roundtable said.
April 5 -
HARRISBURG, Penn. — A federal court here dismissed a suit last week alleging Pennsylvania State Employees CU violated provisions of the Electronic Funds Transfer Act after the credit union produced evidence suggesting that someone had removed the legally required notice affixed to the ATM disclosing the fees to be charged to non-member users of the cash machine.
April 5 -
"Is my bank worth that much?" That is the urgent question potential sellers are asking in the Lone Star State, after two pricey deals there — for Encore Bancshares and American State Financial — the past two months.
April 5 - New Jersey
Peapack-Gladstone Financial (PGC) of Bedminster, N.J., has paid $110,000 to repurchase the warrant it issued to the Treasury Department as part of the Troubled Asset Relief Program.
April 5 -
Homeland Community Bank in McMinnville, Tenn., has missed its deadline for filing its 2011 annual report because regulators have questioned its allowance and provision for loan losses.
April 5 -
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.
April 5 -
Washington Federal of Seattle is bulking up in Oregon with an agreement to buy South Valley Bancorp of Klamath Falls for up to $72.7 million in cash and stock.
April 5 -
Western Capital in Boise, Idaho, is expanding into neighboring Oregon with a deal to acquire the $104 million-asset Northwest Bank in Lake Oswego.
April 5 -
Southwest Bancorp (OKSB) in Stillwater, Okla., has hired a search firm to help it find a successor for its president and chief executive, Rick Green, who is retiring.
April 4





