Community banking
Community banking
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A handful of banks, including CertusHoldings and Hancock Holding, have dual CEOs, which they believe helps with internal management and growth initiatives such as acquisitions.
March 22 -
The Senate by a clear margin passed legislation Thursday making it easier for small banks to attract investors without having to register with the Securities and Exchange Commission.
March 22 -
Don Gibson's $560 million-asset bank has been so profitable for years that he joins Jamie Dimon and John Stumpf on KBW's new honor roll for profitable banks.
March 22 -
Beneficial Mutual Bancorp gained a 25% stake in Liberty Bell Bank after its former chairman Michael Kwasnik defaulted on a loan. Kwasnik had used the stake in recent years to stymie Liberty Bell while trying to take over the bank.
March 22 -
Unsuccessful in its bid to raise capital and recently ordered by regulators to bolster its loan-loss allowance, Fidelity Bank in Dearborn, Mich., is now critically undercapitalized and has told investors that is in danger of failing.
March 22 -
BankAtlantic Bancorp Inc. (BBX) of Fort Lauderdale, Fla., said Thursday that it has canceled plans for a potential capital raise after reaching a new deal to sell its thrift to BB&T Corp. (BBT)
March 22 - Alabama
BancTrust Financial Group Inc. (BTFG) in Mobile, Ala., has put itself up for sale after its bid to raise capital from two private-equity groups fell through.
March 22 - Massachusetts
Directors at HarborOne CU, New England's second largest credit union, voted unanimously last night to put the issue of whether to convert to a state chartered cooperative savings bank to the credit union giant's 180,000 members.
March 22 -
CFPB chief says while agency was charged with writing regulations for everyone, situations exist when an institution's size should be taken into account.
March 21 -
Commerce in Worcester, Mass., has agreed to buy the parent of Mercantile Bank & Trust Co. in Boston for $26.5 million in cash.
March 21 -
In the depths of the financial crisis, the FDIC under Chairman Sheila Bair extended 100% insurance coverage to non-deposit transactions balances of all banks. Known as the Transaction Account Guarantee program, this extraordinary extension of FDIC insurance coverage to all transaction balances was a good idea at the time, but should be allowed to expire at the end of the year.
March 21 - Wisconsin
PSB Bancorp in Wisconsin is requiring Marathon State Bank to pay out a special dividend before the deal closes. While unusual now, the move harkens back to a pre-crisis tactic that existed when capital wasn't a concern.
March 21 -
The state of Hawaii is considering using federal stimulus money to create a "clean economy bank" that would make low-interest rate loans to clean energy companies.
March 21 -
Sales officers and pricing desks frequently misjudge customers' sensitivity to rates and overpay for deposits. Similarly, banks that underestimate duration leave money on the table.
March 21 -
The impact of the so-called Durbin Amendment on small financial institutions was a hot topic Wednesday at a credit-union conference in Washington.
March 21 -
John Walsh, the acting Comptroller of the Currency, used an appearance at the American Bankers Association's governmental summit to state the case against creating an alternative appeals process.
March 21 -
A Michigan bank that recently endured three straight years of losing money and a Seattle thrift that was once on the verge of failure are among 22 banks and thrifts that the investment bank Sandler O'Neill & Partners LP predicts will be added to the Russell 3000 stock index this year.
March 21 - Washington
Activist investor Joseph Stilwell wants the company to find a seller a month after one of his representatives quit the board.
March 21 -
Rurban Financial Corp. in Defiance, Ohio, has revised its 2011 earnings after the abrupt bankruptcy of a key client wound up wiping out much of the company's fourth-quarter profits.
March 21 -
The American Bankers Association told attendees at its Government Relations Summit that now is not the time to “play footsie” with lawmakers and regulators.
March 21



