Community banking
Community banking
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A Dallas-area bank is looking for offensive capital after a would-be buyer failed to raise enough money to acquire the $41 million-asset institution.
October 31 -
The FDIC has filed a lawsuit against former directors and executives at the failed Mutual Bank, claiming, among other things, that $250,000 was spent on a lavish wedding that management detailed as a bank function.
October 31 -
Although they will not be supervised by the Consumer Financial Protection Bureau, executives of small financial institutions told a congressional panel Monday they remain uneasy about the effect the bureau will have on their businesses.
October 31 -
Britton & Koontz Capital Corp. in Natchez, Miss., reported a third-quarter loss after a major setback in credit quality.
October 31 -
JPMorgan Chase rebutted claims that it misled four failed corporate credit unions into buying $1.5 billion of risky mortgage-backed securities, and instead pointed the finger at the management of the failed corporates and National Credit Union Administration's own examiners.
October 31 -
Old National Bancorp in Evansville, Ind., posted on Monday third-quarter earnings of $16.8 million, up 41.2% from a year ago, due to strong revenue growth.
October 31 -
Hampton Roads Bankshares Inc.'s shares plunged Monday after the company posted a third-quarter loss of $26.7 million, compared with a loss of $18.8 million in the second quarter.
October 31 -
Independent Bank Corp. in Ionia, Mich., reported a third-quarter loss of $5.2 million, showing some improvement from a year earlier.
October 31 -
1st Mariner Bancorp in Baltimore announced another quarterly loss and the resignation of its bank president, Daniel McKew. Mark Keidel, who is the president of 1st Mariner Bancorp and the chief operating officer of both the company and the bank, succeeded McKew.
October 31 -
Suffolk Bancorp in Riverhead, N.Y., is slowly making its way through accounting and regulatory issues that hung over the company for more than year.
October 31 - Illinois
The Illinois Department of Financial Institutions closed the $37.8 million-asset All American Bank in Des Plaines on Friday.
October 28 - Wisconsin
First Business Financial Services Inc. in Madison, Wis., reported third-quarter earnings of $2.2 million, more than double its profit from a year ago, thanks to strong revenue and margin growth.
October 28 -
First Financial Holdings, of Charleston, S.C., defied the odds by completing its sale of $200 million of problem loans in a dicey economy. Better yet, it booked a $20 million gain.
October 28 - Michigan
After three straight years of losses, Citizens Republic Bancorp Inc. in Flint, Mich., reported its second-straight profitable quarter for the three months that ended Sept. 30, thanks largely to improved asset quality and a double-digit increase in commercial and industrial loans.
October 28 - Hawaii
Central Pacific Financial Corp., which lost more than $364 million in 2009 and 2010, has now made money in three straight quarters as the Honolulu company continues to shed problem assets.
October 28 - Montana
Glacier Bancorp Inc.'s shares fell Friday after the company posted a third-quarter loss of $19 million due to a $32.6 million goodwill impairment charge.
October 28 - Delaware
Aided by a recent acquisition and its investment in new branches, WSFS Financial Corp. in Wilmington, Del., reported a profit of $6.8 million, or 70 cents per share, in the third quarter, handily beating consensus analysts' estimates.
October 28 - Pennsylvania
National Penn Bancshares Inc. said Friday that third quarter earnings more than doubled from a year earlier, to $24.8 million, after the company recorded no loan-loss provision.
October 28 - California
Opus Bank in Irvine, Calif., said Friday that it has raised $100 million in capital from management and investment funds as part of a plan to keep pace with its loan growth.
October 28





