Community banking
Community banking
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Renasant Corp. in Tupelo, Miss., said its third-quarter earnings rose 13.5% from a quarter earlier, to $6.5 million, after the company recorded $5 million in securities gains.
October 18 -
Fulton Financial reported third-quarter results that were slightly better than expected as its loan-loss provision continued to decline, beating the average analysts estimate by a penny.
October 18 -
Driven by improved loan demand, ServisFirst Bancshares Inc. in Birmingham, Ala., reported Monday that its third-quarter income rose 25% from a year earlier, to $6 million.
October 18 -
During testimony on Capitol Hill, the Treasury secretary faces criticism from members of both parties over a slow-moving, smaller-than-expected initiative to boost lending to small businesses.
October 18 - Texas
Rockwall Bancshares Inc., a Texas-based start-up, has hired Eric Anderson as its chief executive officer.
October 18 -
Despite substantial gains in fee income, Arrow Financial Corp. in Glens Falls, N.Y., said Tuesday that its third-quarter profit fell slightly from a year earlier due to weakening demand for home and auto loans and a penalty it incurred for prepaying Federal Home Loan Bank advances.
October 18 -
Attacks on European ATMs were 69% in the first half of this year, compared to last year. On the bright side, card skimming is on the wane.
October 18 -
Mercantile Bank Corp. in Grand Rapids, Mich., swung to a third-quarter profit of $2.7 million, compared to a loss of $5.7 million a year earlier, as credit costs fell dramatically.
October 18 -
Obama singled out Wall Street three times in a speech designed to defend his jobs plan against a Republican alternative in front of a select group of attendees and media at a YMCA gymnasium.
October 18 - Montana
Elouise Cobell, a member of the Blackfeet tribe who founded the first-ever Native-American-owned bank and later was the lead plaintiff in a multi-billion-dollar lawsuit against the federal government, died Sunday of complications from cancer. She was 65.
October 18 -
Porter Bancorp in Louisville, Ky., has been told by the Federal Reserve to ensure that its PBI Bank complies with a consent order issued by the FDIC and the Kentucky Department of Financial Institutions.is under orders from the Federal Reserve to serve as a source of strength for its PBI bank.
October 18 - Kentucky
Republic Bancorp Inc. in Louisville, Ky., reported on Tuesday that it earned $7.9 million in the third quarter, an 8% increase from the same quarter last year. Its diluted earning per share rose 9%, to 38 cents.
October 18 - Arizona
Earnings for Western Alliance Bancorporation in Phoenix jumped 550% for the third quarter from a year ago to $13 million, due largely to strong loan growth and improved asset quality.
October 18 - Texas
A community bank held the most deposits in at least nine Texas metropolitan areas at June 30, according to data recently issued by the Federal Deposit Insurance Corp.
October 18 - Oregon
Pacific Continental Corp. in Eugene, Ore., reported Monday that its income for the third quarter was $2.6 million, up 125% compared with the same period a year earlier. Earnings per share more than doubled, to 14 cents, beating consensus analysts’ estimates by three cents.
October 17 -
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When I am asked "How do we get bank customers back into the branch?" my answer is simple: How would you get them back into a Borders or Blockbuster store?
October 17 -
Rep. Jeff Clemens of Florida has introduced a bill that would make it illegal for banks operating in the state to charge customers monthly fees for using their debit cards.
October 17 -
Steve Antonakes, the Consumer Financial Protection Bureau's head of supervision, said the agency will rely significantly on policies developed already by the banking regulators. But the focus of exams will be quite different, however, as the CFPB makes consumers their top priority.
October 17 -
S&T Bank in Indiana, Pa., said Monday that it is launching a mobile banking system that allows customers to access their accounts via text, the Web or through an app on iPhone, Android and Blackberry.
October 17




