Community banking
Community banking
- Pennsylvania
S&T Bancorp Inc. in Indiana, Pa., said Wednesday that it was revising its fourth-quarter and full-year 2010 results to reflect a higher loan-loss provision.
March 16 - Florida
TIB Financial Corp. in Naples, Fla., said late Tuesday that it returned to profitability after its new owner, North American Financial Holdings, restructured its balance sheet.
March 16 -
The number of banks and thrifts deferring dividends on preferred stock from the Troubled Asset Relief Program rose last month, according to a report.
March 16 - New Jersey
The Federal Reserve granted bank holding company status Tuesday to a Japanese company that has agreed to acquire a Japanese-owned bank in New Jersey.
March 16 -
An eleventh-hour amendment to Dodd-Frank that repealed Reg Q could punish community banks that serve as the lifeblood for small businesses across the country.
March 16 -
Various e-communications solutions offer banks an easy method for identifying small-business customers within their retail customer accounts and marketing to them.
March 15 - California
Tri-Valley Bank in San Ramon, Calif., said late Monday that it had terminated a planned $10 million private placement and had named a new chairman.
March 15 - Kansas
The Federal Reserve Board on Tuesday announced written agreements with two banks.
March 15 - North Carolina
FNB United Corp. in Asheboro, N.C., was out of equity at the end of 2010, prompting it to warn about its future. The $1.9 billion-asset company said Monday in its annual report filed with the Securities and Exchange Commission that there is substantial doubt about its ability to continue as a going concern.
March 15 - New Jersey
Sun Bancorp Inc. in Vineland, N.J., plans to sell up to $75 million of common stock. The $3.4 billion-asset company, which received a $100 million capital infusion last summer, said it could use the proceeds from the offering to shore up capital at its bank, support losses from potential loan sales, repay debt or make acquisitions.
March 15 -
Stock price to book ratios have gained on deal valuations, perhaps indicating the broader availability of potent acquisitions currency.
March 15 - Ohio
On Friday, the $1.8 billion-asset company in Marietta, Ohio, said it had hired Charles W. Sulerzyski, a former regional president for KeyCorp's Great Lakes region, to serve as president and chief executive, effective April 4.
March 14 - North Carolina
North American Financial Holdings Inc. has informed its equity investors that it is thinking about consolidating all its recent bank purchases.
March 14 - New Jersey
The largest shareholder of Magyar Bancorp Inc. of New Brunswick, N.J., is demanding that its chairman resign, pointing to "significant losses."
March 14 -
While much of the industry is clinging to fee income, MidSouth Bank is working with customers to reduce it as part of what the Louisiana bank calls an ombudsman program.
March 14 -
In a March 8 Viewpoint ["
Credit Unions Face Tough Test "], Peter Duffy suggests that despite overwhelming evidence from rate-tracking services such as Datatrac, banks actually pay higher interest rates to depositors than credit unions do, and the reason is the higher deposit insurance costs credit unions incur. This analysis is quite misleading.March 14 -
TCF Financial Corp.'s William Cooper is rethinking his long-held belief that economies of scale do not matter in banking.
March 14 -
Wide NIMs held pretty well late last year as large segments of the industry managed further expansion, and the recent shift in the yield curve has improved the outlook.
March 14 - Wisconsin
Regulators shuttered The First National Bank of Davis, a $90 million-asset institution in Oklahoma, and the $190 million-asset Legacy Bank in Milwaukee. The two closures brought the year's toll to 25.
March 11 - Minnesota
Wells Financial Corp. in Wells, Minn., said Friday that it revised its 2010 results after boosting reserves for selected loans and repossessed properties.
March 11



