Community banking
Community banking
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The company's post-BankAtlantic strategy became clearer this week. It is buying a Florida company that serves the vacation and retirement crowd.
November 15 - Illinois
Mercantile Bancorp Inc. in Quincy, Ill., notified the NYSE Amex that it intends to voluntarily delist its common stock.
November 15 -
Hanmi Financial said it is planning to sell 87.5 million common stock shares at 80 cents a share, using a "substantial portion" of the funds to provide capital to its banking unit and to support growth.
November 15 -
United Community Financial Corp. in Youngstown, Ohio, narrowed its third-quarter loss by 10% from a year earlier, to $8.9 million, due to improved asset quality.
November 15 - New Jersey
Valley National Bancorp in Wayne, N.J., said Monday that it had added two of its senior executives to its board.
November 14 -
The outcome of the Consumer Financial Protection Bureau's 'Larger Participant' rule has the potential to level the playing field between the banking industry and an old rival: Wal-Mart.
November 14 - Georgia
State Bank Financial Corp. in Atlanta reported that its third-quarter earnings nearly doubled from a quarter earlier, to $17.1 million, due largely to higher accretion on loans covered by loss-share agreements with the Federal Deposit Insurance Corp.
November 14 -
The City Holding (W.Va.) deal for Virginia Savings was eye-catching for its simplicity, but deals between healthy banks will remain the exception for now.
November 14 -
More banks have sold problem assets to private-equity groups this year, while others unloaded their banks in hopes of unlocking the value in nonperforming assets. Some believe selling bad loans to nonbanks could shore up valuations by removing the challenges of regulatory oversight.
November 14 -
City Holding, one of the largest banking companies based in West Virginia, has agreed to acquire Virginia Savings Bancorp for about $13.4 million, giving it an entrée into Virginia.
November 14 -
Capitol Bancorp Ltd.'s credit costs are shrinking, but its capital hole is only getting deeper. The $2.5 billion-asset company, which has dual headquarters in Phoenix and Lansing, Mich., reported on Thursday a loss of $22.8 million for the third quarter, a 56% improvement from the loss it reported a year earlier.
November 11 -
First Niagara has to solve the riddle of how to pay for HSBC's branches in New York and Connecticut without hurting shareholders, selling off too many assets or mistiming the helter-skelter stock markets.
November 11 - Kentucky
Sometimes a quarterly report includes a noteworthy item that happened after the quarter ended. Porter Bancorp Inc. in Louisville, Ky., had three of them.
November 11 -
First Midwest Bank has agreed to use anti-fraud technology from PhoneFactor to improve security for online banking.
November 11 -
Credit unions have benefited from Bank Transfer Day and consumer anger over bank fees, but the data on membership and deposit gains offered by the Credit Union National Association looks inflated.
November 11 -
Hampton Roads Bankshares Inc. in Norfolk, Va., has completed the sale of a Gateway Bank branch to Blue Ridge Bankshares Inc. in Luray, Va.
November 11 -
State regulators closed the $62.4 million-asset Community Bank of Rockmart in Georgia on Thursday, the 88th failure this year.
November 10 -
Through fever waves of populist anger including the Occupy Wall Street protests, there has been no sign that disgusted customers are draining the giant banks of their deposits.
November 10 -
First PacTrust Bancorp Inc. in Chula Vista, Calif., reported that third-quarter earnings fell 82% from a year earlier, to $506,000, after income from lending fell and expenses jumped.
November 10 -
Two banking companies owned by North American Financial Holdings — TIB Financial and Capital Bank — posted turnarounds in quarterly earnings after their takeover and recapitalization.
November 10





