Community banking
Community banking
- Colorado
Two Colorado businessmen who made their names in the office supply, agricultural, and technology industries are leading an investor group trying to save New Frontier Bancorp with $30 million of new capital.
February 18 - North Carolina
Yadkin Valley Financial Corp. in Elkin, N.C., said Friday that its fourth-quarter earnings plunged 93% from a year earlier, to $217,000.
February 17 - Oregon
Shares of Columbia Bancorp in The Dalles, Ore., tanked Friday, after the company announced that it is under a regulatory order to bolster capital at its banking unit.
February 17 - Alabama
When it comes to asset growth and the raising of capital and core deposits, ServisFirst Bank in Birmingham, Ala., is a standout among this decade's start-ups.
February 17 - New York
Carver Bancorp Inc. in New York said Friday that a goodwill impairment charge and a higher loss provision had caused it to swing to a loss of $6.5 million, or $2.63 a share, in its fiscal third quarter, which ended Dec. 31. It earned $1.6 million, or 62 cents a share, a year earlier.
February 17 -
As financial institutions close on Treasury purchases through the Troubled Asset Relief Program and the Capital Purchase Program, management and compensation committees now turn to the task of implementing the related executive compensation restrictions.
February 13 - Washington
Independence Federal Savings Bank in Washington said late Wednesday that it has agreed to buy the $168 million-asset Colombo Bancshares Inc. in Rockville, Md.
February 13 - Georgia
Synovus Financial Corp. in Columbus, Ga., announced that it is combining four of its community banking units.
February 12 - Ohio
Two weeks after announcing preliminary results for the quarter that ended Dec. 31, PVF Capital Corp. of Solon, Ohio, is taking a second look at its loan portfolio.
February 12 -
- Colorado
Before he started CoBiz Financial Inc. 15 years ago, Steven Bangert made his name pairing investors with troubled institutions.
February 12 - Texas
American Momentum Bank in Tampa said Tuesday that it has hired a team of more than a dozen bankers from Citigroup Inc. to help expand its Texas business.
February 11 - Florida
BankAtlantic Bancorp Inc. in Fort Lauderdale, Fla., said Tuesday that its net loss swelled to $156.6 million in the fourth quarter, largely because of a goodwill impairment charge, the writedown of deferred tax assets, and continued loan deterioration.
February 11 - Wyoming
To save a small Wyoming bank, the owners are not only selling it to a stronger company, but also providing their own troubled-asset relief program.
February 11 - Ohio
Shares of Camco Financial Corp. slipped Monday after the Cambridge, Ohio, company reported a $13.5 million fourth-quarter loss on a sharp decline in credit quality.
February 10 - Texas
Given how hard it is to win regulatory approval for a new bank these days, a tactic being used in Texas could gain wider use.
February 10 - Florida
Charles Brown, the chairman and chief executive of Insignia Bank in Sarasota, Fla., got a call last week from a well-known area business whose regional bank had begun charging it higher loan rates.
February 9 - North Carolina
Shares of NewBridge Bancorp in Greensboro, N.C., edged up Friday, even though the company reported a fourth-quarter loss of $8.1 million.
February 9 - Florida
Federal Trust Corp. in Sanford, Fla., could fail if it cannot close its sale to Hartford Financial Services Group Inc. by Friday, according to an order from the Office of Thrift Supervision.
February 9 - Alabama
Nexity Financial Corp. in Birmingham, Ala., is looking for an investor or buyer after a spike in nonperforming assets fueled a third straight quarterly loss.
February 6





