Community banking
Community banking
- California
After swinging to a first-quarter loss, PacWest Bancorp in San Diego — with a cleaned-up balance sheet — may be better poised to resume making winning bids for failed banks.
April 21 -
Redwood Trust Inc., (RWT) seeking to reopen the U.S. market for private-label mortgage securities, disclosed Wednesday that it plans to issue about $222 million of bonds backed by new jumbo home mortgages.
April 21 -
The Federal Reserve announced enforcement actions Tuesday against Ameri-National Corp. that the central bank said are meant to help maintain financial soundness at the Overland Park, Kan., company.
April 21 - South Carolina
Community Capital Corp. in Greenwood, S.C., said its earnings jumped sharply in the first quarter as credit quality showed significant improvement.
April 20 - Missouri
Enterprise Financial Services Corp. of St. Louis said Tuesday that it narrowed its first-quarter loss to $3 million, from $51.8 million a year earlier, as credit costs declined but problem loans increased.
April 20 - Florida
Seacoast Banking Corp. of Florida in Stuart has released to its investors $200 million in capital it was holding in escrow because it did not place the winning bid for Riverside National Bank in Fort Pierce, Fla.
April 20 - Connecticut
While the company's purchase of the failed $237-million asset Butler Bank in Lowell, Mass., Friday wasn't the home run analysts had been anticipating, they expect more winning bids from the capital-rich People's as the Federal Deposit Insurance Corp. seeks institutions with experience in failed-bank deals.
April 20 -
Greater New Orleans FCU has launched a mobile banking and account alert service.
April 20 - Connecticut
Connecticut Attorney General Richard Blumenthal sued Westport National Bank and a Wilton, Conn., money manager on Monday for "effectively aiding and abetting" a fraud by the convicted Ponzi schemer Bernard Madoff.
April 20 -
Connecticut Attorney General Richard Blumenthal sued Westport National Bank and a Wilton, Conn., money manager on Monday for "effectively aiding and abetting" a fraud by convicted Ponzi scheme operator Bernard Madoff.
April 19 - Hawaii
Bank of Hawaii Corp. in Honolulu reported Monday that first-quarter earnings increased roughly 46%, to $52.7 million, compared with a year earlier. The rise was partly because of lower credit costs and higher net interest income.
April 19 -
- Oklahoma
Southwest Bancorp Inc. in Stillwater, Okla., said Monday that it had earned $3.3 million in the first quarter, more than 11 times its year-earlier profit.
April 19 - Maryland
CapitalSource Inc. in Chevy Chase, Md., announced Monday that it has acquired MainStreet Lender LLC, a Small Business Administration lender, for $100 million.
April 19 - Illinois
A Chicago start-up venture called GreenChoice Bank has entered into an agreement to acquire the undercapitalized Family Federal Savings of Illinois through a supervisory conversion.
April 19 - New York
After selling a large chunk of its nonperforming assets in the fourth quarter, State Bancorp Inc. in Jericho, N.Y., returned to profitability in the first quarter.
April 18 - Washington
WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.
April 18 - Massachusetts
WASHINGTON — TD Bank of Wilmington, Del., purchased three separate failed banks in Florida late Friday, totaling $3.9 billion in assets, on a night that saw a total of eight bank collapses.
April 16


