Community banking
Community banking
- California
First Republic Bank in San Francisco said certain shareholders, including members of its management team, will sell up to 11.8 million shares of common stock in a secondary offering.
February 28 - Illinois
PrivateBancorp Inc. has named a president of personal client services to oversee a new line of business that combines some of the Chicago company's offerings.
February 28 - North Carolina
North Carolina Gov. Bev Perdue said Tuesday that she has nominated Ray Grace to take over as the state's banking commissioner.
February 28 -
Sen. Mark Udall, a Colorado Democrat, has placed a hold on a community bank bill that would increase the 500-shareholder threshold that requires a small bank to register with the SEC. He is conditioning his support on the advancement of a separate bill that would raise the cap on credit union member business lending.
February 28 -
The Wisconsin private equity company, not to be confused with the New York firm, wants more capital to invest in smaller banks. Jon Bruss, the company's CEO, shares his thoughts on banking, private equity and what the future holds for struggling banks.
February 28 - Georgia
James E. Young, the longtime president and chief executive of Citizens Trust Bank in Atlanta, died on Monday after a brief battle with cancer. He was 62.
February 28 -
Carlile Bancshares Inc. in Fort Worth announced late Monday that it is acquiring Northstar Financial Corp. in Denton, Texas, and its subsidiary, the $950 million-asset Northstar Bank.
February 28 -
People's United has agreed to pay $3.25 million to acquire Citizens Financial' 52 branches inside Stop & Shop supermarkets on Long Island and elsewhere in New York, plus four traditional branches.
February 28 -
Past reports on industry health showed limited, if any, loan growth, but that changed in the most recent Quarterly Banking Profile.
February 28 -
BankAtlantic Chairman Alan Levan indicated that a court decision to block the sale of the company's thrift unit to BB&T could essentially derail the deal.
February 27 -
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Prosperity's agreement to pay $529 million for American State Financial is one of the priciest deals since Comerica agreed to buy Sterling Bancshares more than a year ago, but the reaction to it is much more positive than it was to Comerica's deal.
February 27 - South Carolina
Southcoast Financial Corp. in Mt. Pleasant, S.C., reported a fourth-quarter loss of $4.8 million, or nearly five times larger than what it lost a year earlier.
February 27 -
Over the past couple of years, the seemingly dull topic of time management has become one that senior managers are showing increased interest in discussing with their teams. I suspect this has as least something to do with the fact that we are asking smaller and smaller branch teams to accomplish more with less.
February 27 - Texas
International Bancshares Corp. in Laredo, Texas, reported that its fourth-quarter earnings fell less than 1% from a year earlier, to $27 million, as both income and expenses declined.
February 27 -
An activist investor resigned from the board of First Financial Northwest after just five weeks when his demands for austerity measures were tabled. The investor, who is now planning a proxy fight, had asked that the company serve only hard candy at annual meetings, among other demands.
February 27 -
Flagstar Bancorp Inc. reported $29.1 million more in losses for the fourth quarter and full year after agreeing to pay up to $133 million to settle claims regarding loans insured by the Federal Housing Administration.
February 27 -
Extending the law that provides unlimited deposit insurance on non-interest bearing demand deposits would send a signal that just maybe the industry is not fully healthy and still needs support.
February 27 -
Prosperity Bancshares Inc. in Houston has struck another deal in Texas, announcing Monday that it would buy American State Financial Corp. in Lubbock for about $528 million in cash and stock.
February 27 -
The Dime Savings Bank of Williamsburgh announced that it intends to convert from a federally chartered thrift supervised by the OCC to a state-chartered thrift to be supervised by New York State Department of Financial Services.
February 27





