Community banking
Community banking
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Can "Stop.Think.Connect" become the new "Stop, Drop and Roll"? The National Cyber Security Alliance, a public-private partnership on cyber security, says its new online-banking safety slogan is necessary to educate users.
October 25 -
In a bid to raise fresh capital, ailing Waccamaw Bankshares Inc. in Whiteville, N.C., is selling eight of its branches in North Carolina and three in South Carolina to rival First Bancorp in Troy, N.C.
October 25 -
Regions Financial Corp. swung to a third-quarter profit, helped by sharply reduced credit costs for risky loans, though the lender's top line weakened from a year earlier.
October 25 -
CIT Group Inc. swung to a third-quarter loss as the corporate lender continued to face steep costs related to its prepayment of high-cost debt.
October 25 -
1st United of Boca Raton struck two deals in three days that would move it into central Florida and give it 26 branches in the state.
October 24 -
Bankers spoke openly about their frustration with new regulations during the ABA's annual conference, with one likening it to being repeatedly punched in the head.
October 24 -
Second-guessers are "short-term" thinkers who underestimate the long-term value of the customer relationships the deposits bring, CEO John Stumpf says.
October 24 - North Carolina
Piedmont Community Bank Holdings Inc. in Raleigh, N.C., said Monday that it received regulatory approval to buy a majority stake in Crescent Financial Corp. for $75 million.
October 24 - Massachusetts
Enterprise Bancorp Inc. in Lowell, Mass., posted third-quarter earnings of $2.9 million, up almost 8% year over year, due to strong loan growth.
October 24 - North Carolina
FNB United Corp. has completed its acquisition of Bank of Granite Corp., part of the unprecedented merger of two ailing banks in North Carolina.
October 24 -
Fred Joseph, Colorado's banking commissioner, said Community Banks of Colorado should have been able to sell its branches in a bid for more time to resolve its problems. But the FDIC and the Fed overruled him — and then failed the bank.
October 24 -
WASHINGTON - The credit union industry has been lobbying the powerful congressional committee charged with reducing the deficit, seeking to ensure that credit unions preserve their tax-exempt status.
October 24 - Hawaii
Bank of Hawaii Corp. in Honolulu posted third-quarter earnings of 92 cents a share, nine cents more than the average expectation of analysts.
October 24 - Washington
Anchor Bancorp's losses widened in the third quarter, though the Lacey, Wash.-based company shrunk its nonperforming assets.
October 24 - Pennsylvania
Metro Bancorp Inc. in Harrisburg, Pa., posted a third-quarter loss of $5.7 million due to increases in the loan loss provision and chargeoffs.
October 24 -
Despite economic gloom, a number of industries are poised for success, according to IBISWorld research. Here is a sampling of industries projected to produce solid growth over the next five years.
October 24 -
The Federal Reserve usurps authority usually held by state regulators and fails a Colorado bank.
October 21 -
Mark Conner, former president of FirstCity Bank of Stockbridge, Ga., pleaded guilty to conspiring to commit bank fraud and perjury, according to the Justice Department Friday. FirstCity Bank was closed in March 2009.
October 21 -
Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.
October 21 - Ohio
Under an order from regulators to raise fresh capital, Central Federal Corp. in Fairlawn, Ohio, said in a Securities and Exchange Commission filing Friday that its shareholders have approved a plan to more than quadruple its number of outstanding shares.
October 21



