Community banking
Community banking
- California
Hanmi Financial Corp. and Woori Finance Holdings Co. have called off a long-delayed deal where Woori would have invested $210 million in Hanmi.
June 16 - Virginia
The $340.6 million-asset company said in a regulatory filing Wednesday that Aubrey Hall 3rd will succeed the retiring Robert Gilliam Jr. on July 1. Hall is the company's chief operating officer.
June 16 -
Sen. Olympia Snowe called on the Small Business Administration to finalize a plan to fix processing errors that led to millions of dollars in overpayments on loan guarantees in 2007.
June 16 - Pennsylvania
The $9.7 billion-asset F.N.B. said late Wednesday that it would pay $130 million for Parkvale in an all-stock deal priced at 1.95 times the seller's tangible book value.
June 16 - Massachusetts
STCU Credit Union in Springfield, Mass., said Wednesday that it has hired banking veteran Michael Ostrowski as its president and chief executive.
June 15 - Missouri
Centrue Financial Corp. in St. Louis, Mo., said late Tuesday that it is delisting from the Nasdaq Global Market.
June 15 - New Jersey
The $630.9 million-asset bank said Wednesday that Frank Baier, a partner at Columbia Financial Partners, will become its chief financial officer, pending regulatory approval.
June 15 - California
The $294.1 million-asset bank said Wednesday that James Jones, an executive vice president at the private-equity firm Carpenter & Co., is now leading its board.
June 15 -
Visa and MasterCard have developed services for merchants to determine which cards cost more to accept — rekindling the debate over whether small banks will suffer under the Durbin amendment.
June 15 - Illinois
In a particularly anemic year so far for bank mergers and acquisitions, the third-largest city in the country has been noticeably absent from the short list.
June 15 -
The dilemma for community bank directors is to choose between minimizing their personal liability and the useful function that board reviews of individual loans can serve.
June 15 -
Michigan First Credit Union said its use of intelligent-deposit ATMs from Wincor Nixdorf AG has helped it deal with a ballooning membership.
June 15 -
- Kentucky
Republic Bancorp Inc. in Louisville, Ky., plans to continue making tax refund loans despite pressure from the Federal Deposit Insurance Corp., the company's chief executive said last week.
June 14 - Illinois
The Federal Reserve has reached a written agreement with Northwest Bancorporation of Illinois Inc. in Palatine.
June 14 - Michigan
Citizens Republic Bancorp Inc. in Flint, Mich., is planning a reverse stock split that may help it avoid a delisting.
June 14 - Virginia
Hampton Roads Bankshares Inc. in Norfolk, Va., is looking to sell 10 branches and its mortgage and insurance businesses.
June 14 - California
Loan production offices lost popularity among community bankers during the financial crisis. A need for growth, amid intense competition, could bring them back in force.
June 14 -
Internal stress-testing is a good practice, but regulatory use of hypothetical results to determine supervisory ratings or required capital levels would be destructive.
June 14 -
The San Diego County Credit Union is licensing new software that allows it to make same-day payments available through the same service as traditional Web bill payment, as well as create a simple link to myriad other automated payments to make user navigation and access easier.
June 13



