Community banking
Community banking
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The National Credit Union Administration on Wednesday shut down the $1.8 million-asset NYC OTB Federal Credit Union. It was the third credit union to fail this year.
February 23 - South Carolina
SCBT Financial Corp. in Columbia, S.C., added $35 million in capital base to complement its acquisition last week of a failed bank.
February 22 - California
Wilshire Bancorp Inc. of Los Angeles said late Friday that it had hired Jae Whan Yoo, who resigned abruptly from Center Financial Corp. of Los Angeles in January, as president and chief executive.
February 22 - Pennsylvania
Bryn Mawr Bank Corp. in Pennsylvania said it has agreed to buy the private wealth operations of the Hershey Trust Co.
February 22 - North Carolina
Four Oaks Fincorp Inc. in North Carolina is on the hunt for capital after a large fourth-quarter loss. The $950 million-asset company said its loss in the quarter widened from $1.7 million a year earlier to $19.4 million.
February 22 - Louisiana
Iberiabank Corp. of Lafayette, La., said Tuesday that it has agreed to buy Omni Bancshares in Metairie, La., for $40 million in stock.
February 22 -
A lending cooperative that plans to help small banks compete for larger, high-quality loans has received a significant investment — and validation — from the global asset manager BlackRock Inc.
February 22 -
The somewhat inexplicable delay adds to the overall negative perception the SBA has often had, while compounding the belief that small-business help from the government is just lip service.
February 22 -
Pinpointing the geographic epicenter of the crisis is not a simple task. Viewed one way, California and Florida top the list. Viewed another, Puerto Rico and Nevada rank highest.
February 22 -
Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.
February 21 - Hawaii
Central Pacific Financial Corp. in Honolulu has received approval from regulators to complete a much-needed $325 million capital injection.
February 21 - Georgia
Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.
February 21 - New York
Alma Bank in Astoria, N.Y., said Friday that George Katsiaunis will become its president. Katsiaunis is to succeed Luis Rebatta, who has been president of the $497.2 million-asset bank since it opened in 2007.
February 18 - New York
Bethpage Federal Credit Union has started an interactive marketing campaign that tells people, "It's time to give your bank a pink slip."
February 18 - Maryland
HarVest Bancorp Inc. has reportedly been without a chief executive for several weeks as it finalizes a recapitalization plan that intended on the previous CEO staying.
February 18 - Illinois
Bank of New York, representing holders of trust-preferred debt, has put up a vigorous fight against Builders Financial's reorganization plan, accusing the bankrupt company's owner of using straw creditors to deceive the court.
February 18 -
The Fed and OCC are asking a federal judge to dismiss TCF Financial's lawsuit, which seeks to block implementation of the Durbin amendment.
February 18 -
The ICBA's Camden Fine says because Dodd-Frank shifts control over routing debit card transactions from issuers to merchants, allowing them to bypass small financial institutions, it negates any benefit for exempt community banks.
February 18 - Pennsylvania
Emclaire Financial Corp. in Emlenton, Pa., raised its quarterly dividend by 14%. The $481.9 million-asset company declared a dividend of 16 cents a share, compared with 14 cents a quarter earlier.
February 17 - Kentucky
Citizens First Corp. in Bowling Green, Ky., said Thursday that it has agreed to repay part of its outstanding debt under the Troubled Asset Relief Program.
February 17



