Community banking
Community banking
- Colorado
With dwindling capital and a plan to buy an ancillary business, United Western Bancorp's capital-raising plans are of particular importance to analysts following the company.
August 6 -
With dwindling capital and a plan to buy an ancillary business, United Western Bancorp Inc.'s capital-raising plans are of particular importance to analysts following the company.
August 6 - Washington
When Sterling Financial Corp. in Spokane, Wash., merged its two bank units last week, few may have noticed, but many community bankers could relate. Companies that cannot get their hands on fresh capital are scrambling for a Plan B these days.
August 6 -
When Sterling Financial Corp. in Spokane, Wash., merged its two bank units last week, few may have noticed, but many community bankers could relate. Companies that cannot get their hands on fresh capital are scrambling for a Plan B these days.
August 6 -
Consumers Credit Union in Waukegan, Ill., has joined the list of financial services companies using Fiserv Inc.'s Acumen account processing software.
August 5 - California
Heritage Oaks Bancorp in Paso Robles, Calif., reported a net second-quarter loss of $5.8 million, compared with net income of $507,000 a year earlier.
August 5 -
CommerceWest Bank announced Thursday that it had second-quarter net income of $68,000, swinging from a $2.6 million net loss a year earlier.
August 5 -
Cascade Bancorp said it plans to restate its 2009 annual and first-quarter 2010 results after a regulatory examination showed its reports for those periods could "no longer be relied upon."
August 5 -
The financial condition of Chicago's ShoreBank Corp., which anxiously awaits word on a lifeline from the Treasury Department, has become precarious after a disastrous second quarter.
August 5 - Texas
USAA Federal Savings Bank is shifting mobile banking into high gear by offering auto loans through customers' phones.
August 5 -
ShoreBank Corp., a Chicago bank known for its lending in low-income communities, has failed to win approval for $75 million in government funds and may be forced out of business, Bloomberg News reported Thursday on its website, citing three people with direct knowledge of the situation.
August 5 - New Jersey
Oritani Financial Corp. in Washington, N.J., announced a quarterly loss of $4.1 million that it said stemmed in part from its conversion from a mutual to a stock company in June.
August 4 - Florida
BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., reported Wednesday that its second-quarter loss widened by 33% from a year earlier, to $51.3 million.
August 4 - California
Before the recession, Pacific Trust Bank was content to sit on the sidelines as other Southern California community banks vied with national lenders for commercial real estate borrowers.
August 4 -
In tough economic times, folks are more aware of the people and organizations in their communities who support them. A little goodwill can go a long way.
August 4 -
- Indiana
First Internet Bank of Indianapolis plans to enter the commercial lending business after more than a decade of focusing on consumer loans.
August 3 - Pennsylvania
A federal judge last week sided with the competitor, Alliance Bancorp Inc. of Pennsylvania, and barred Sidhu's New Century Bank in Phoenixville from rebranding itself Customers 1st Bank. The judge said that name infringed on Alliance's trademark-protected Customer First products.
August 3 -
WASHINGTON — Regardless of whether the allegations of unethical conduct aimed at Rep. Maxine Waters and other members of the House Financial Services Committee hold up, there could be a chilling effect on relations between banks and members of Congress.
August 3 - Oregon
Cascade Bancorp in Bend, Ore., has filed a lawsuit against Cohen & Co. Financial Management, alleging that the investment firm is holding up a capital-raising effort on which Cascade's future depends.
August 3




