Community banking
Community banking
- Texas
International Bancshares Inc. in Laredo, Texas, said Tuesday that its third-quarter profit fell 10% from the same period in 2010, to $27.3 million, as a drop in loan volume led to a decline in interest income. The company's earnings per share fell 11%, to 40 cents, in line with an analyst's estimate.
November 8 -
A Suffolk Bancorp executive says the company will request a hearing while it works "extremely hard" to produce overdue financial statements.
November 8 -
The deal between Sterling Financial and First Independent, both of Washington state, relies on a complex carve-out from a bank holding company. Creative maneuvers are needed these days, but this model isn't for everyone.
November 7 -
Southern Missouri charges ahead with a stock offering, while South Valley of Oregon pulls back an IPO. The divergent decisions say everything about the tough calls that small banks face in dealing with volatile stock markets.
November 7 -
Richard Fredricks, a bank examiner at the FDIC in Nebraska, used his time at an ABA conference to encourage executives at farm bank to remain vigilant policing loans and to learn from the experiences of commercial lenders.
November 7 - Texas
OmniAmerican Bancorp Inc. in Fort Worth, Texas, reported a five-fold increase in third-quarter earnings from a year earlier, to $1 million, due primarily to improved asset quality.
November 7 -
Nara Bancorp Inc. and Center Financial Corp. said on Monday that they had cleared their last regulatory hurdle for their planned merger after they received approval from the Federal Deposit Insurance Corp.
November 7 -
The Spokane, Wash., bank added a chapter to its comeback story Monday in agreeing to buy the banking operations of an instate rival.
November 7 -
South Valley Bancorp Inc. in Klamath Falls, Ore., has withdrawn its plan to go public, stating in a Securities and Exchange Commission filing that "current market conditions make proceeding with this offering unattractive."
November 7 -
The Federal Deposit Insurance Corp. plays a far more active role in the last days of banks than it cares to let on, explains Washington correspondent Joe Adler.
November 7 -
Banking and payments executives try desperately to figure out where their debit card strategies all went wrong – and what, if anything, they can do next – at an industry conference.
November 6 -
We've already seen Occupy Foreclosures. How about Occupy The Wall Street Journal, Occupy Fox News or Occupy PBS?
November 6 -
A Utah bank linked to an alleged Internet payment scam and an online gambling case was seized by the state late Friday, on a night when regulators also closed a bank in Nebraska.
November 4 -
Promontory Interfinancial Network LLC will integrate its Insured Cash Sweep and Certificate of Deposit Account Registry Service with Fiserv Inc.'s Premier bank platform.
November 4 -
Lower borrowing costs under the government’s refinancing program for underwater homeowners mean lower interest payments for investors, and banks are the biggest holders of agency mortgage bonds.
November 4 -
ICB Financial in California paid the FDIC $500,000 for a waiver against any cross-guarantee liability from the failure of Progress Bank of Florida.
November 4 -
Community banks and credit unions plan to keep pushing promotions in coming weeks as a way of maintaining momentum after Bank Transfer Day.
November 4 -
Kentucky First Federal Bancorp in Hazard, Ky., has is acquiring CKF Bancorp Inc. in Danville, Ky., in a deal that would expand its branch network into two new markets in its home state.
November 4 -
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Community West Bancshares in Goleta, Calif., has named Martin E. Plourd as president and chief executive of its bank subsidiary, Community West Bank.
November 3





