Community banking
Community banking
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The Senate Banking Committee is expected to vote next week on the nomination of Richard Corday to be the first director of the Consumer Financial Protection Bureau.
September 30 -
Codorus Valley Bancorp in York, Pa., repurchased a warrant to buy more than 260,000 it issued to the Treasury Department in 2009 as part of its participation in the Trouble Asset Relief Program.
September 30 -
Banco Santander SA Chairman Emilio Botin on Friday declared a moratorium on big acquisitions.
September 30 -
Summit Financial Group Inc. in Moorefield, W. Va., said Thursday that it would extend the subscription period for its current stock offering, marking the second time it has pushed back the deadline.
September 29 -
The Durbin Amendment on debit interchange has been cited as reason for banks to shutter branches. Still, some observers believe it is one of many factors, if not the scapegoat, for closures that were necessary regardless of regulatory change.
September 29 -
At the bailout law's three-year anniversary, the Small Business Lending Fund has offered some banks a way out. But with that escape hatch now closed, roughly 400 small banks remain stuck in the program.
September 29 -
The biggest outside investor in Cardinal Bankshares has ramped up his fight against the company, creating a website and calling on shareholders to force management to sell.
September 29 -
A man in the Midwest was accused of attacking an ATM so fiercely that the machine was dislodged from its base and knocked to the ground.
September 29 - Delaware
WSFS Financial Corp. in Wilmington, Del., said Thursday that it has created a loan program in which it will offer discounted rates to small businesses that use the funds to create jobs.
September 29 -
Home Federal Bancorp Inc. in Nampa, Idaho, is shuttering six branches, streamlining its management, refinancing its debt and shifting mortgage loan originations to a third party as part of a broad restructuring that it says will reduce overhead by $3.6 million over the next 12 months.
September 29 -
The Treasury Department announced the last group of banks that will receive capital under the Small Business Lending Fund, which distributed more than $4 billion to 332 banks, falling far short of industry expectations.
September 28 -
ECB Bancorp is set to receive nearly $80 million in capital by mid-November. The $942 million-asset company is laying out a three-pronged strategy of acquisitions, de novo branch expansion and organic growth to get to $3 billion to $5 billion in the next few years.
September 28 - Tennessee
Jefferson Bancshares Inc. of Morristown, Tenn., restated its last quarter as a loss after its take on bad investments and loans worsened.
September 28 -
Cascade Bancorp in Bend, Ore., has agreed to sell about $108 million of loans, generating $58 million in proceeds in an effort to remain well capitalized.
September 28 -
The head of a congressional panel that oversees the Internal Revenue Service says a proposed rule that would require U.S. banks to report interest paid to foreign account holders would discourage foreign investment and place an unnecessary burden on banks.
September 28 -
F&M Bancorporation Inc. in Tulsa, Okla., has raised $78 million in capital that it plans to use for expansion in Oklahoma and Texas.
September 28 -
Among regional banks, funding costs at time deposit-dependent institutions have improved but still substantially exceed rates paid by competitors, and some could be set for expanding net interest margins as CDs gravitate toward market yields.
September 27 - Florida
BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said Tuesday that it was planning a 1-for-5 reverse split of its class A and B common stock.
September 27 -
D.C. bureau chief Rob Blackwell on the key takeaways from American Banker's Regulatory Symposium.
September 27 - Pennsylvania
Fulton Financial Corp. in Lancaster, Pa., has unveiled the management team for its newly created New Jersey bank.
September 27







