Community banking
Community banking
- Illinois
Kenneth E. Edge, who was credited with transforming Amcore Financial Inc. of Rockford, Ill., from a local to a regional player in northern Illinois, has retired as its chief executive officer.
February 26 - Missouri
Central Bancompany in Jefferson City, Mo., plans to merge two of its banks to create the ninth-largest bank in the Kansas City market.
February 25 - Oregon
Shares of Cascade Bancorp fell sharply Friday after the Bend, Ore., company announced it had revised fourth-quarter and 2007 earnings to reflect growing weakness in its portfolio of construction and land development loans.
February 25 -
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February 25 - New York
First of Long Island Corp. in Glen Head, N.Y., said Friday that its fourth-quarter net income rose 10.6% from a year earlier, to $3 million. Earnings per share rose 11%, to 40 cents.
February 25 - Oklahoma
Exchange Bancshares of Moore Inc. in Moore, Okla., said it has agreed to sell itself for $16.1 million, minus some items, to an investor group led by a Michigan physician.
February 25 - Pennsylvania
Don't tell TriState Capital Bank's president, Bill Schenck, that loan demand is weak these days.
February 25 - Massachusetts
Boston Private Financial Holdings Inc.'s stock plunged Thursday, after the company warned that its fourth-quarter loss would be higher than the previously announced $20.4 million, due to a significant increase in its loan-loss provision.
February 22 - Utah
The banking industry’s image has suffered as fees have jumped and foreclosures have spiked, so bankers in Utah are trying to change the public’s perception.
February 22 - Maryland
Investors and analysts who listened to CapitalSource Inc.'s earnings conference call early Thursday morning expecting to gain more insight on the Maryland real estate investment trust's pending acquisition of TierOne Corp. were disappointed.
February 22 - Oregon
Cascade Bancorp in Bend, Ore., said Thursday after the market closed that it earned $5 million less in the fourth quarter than it first reported last month due to deterioration in its portfolio of construction and land development loans.
February 22 - Michigan
Flagstar Bancorp Inc. of Troy, Mich., said it will not pay a shareholder dividend for the first quarter to preserve capital.
February 21 - Texas
As a passive investor in Southside Bancshares Inc., First National Bank Group Inc. in Edinburg, Tex., did not have much say in Southside's decisions to buy a bank in Fort Worth or enter the business of buying pools of car loans.
February 21 -
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Sometime in the next five years the $1.2 billion-asset Bank of Granite Corp. in Granite Falls, N.C., intends to expand into neighboring markets by buying another bank, says R. Scott Anderson, its chief executive officer.
February 20 -
ORLANDO — Bank examiners’ emphasis on commercial real estate loans has become much greater in the past year, community bankers say.
February 20 - Nebraska
Shares of TierOne Corp. fell sharply Tuesday on news that its planned sale to CapitalSource Inc., a Chevy Chase, Md., real estate investment trust, could be in jeopardy.
February 20 - New York
Harry P. Doherty, who had been active in the banking industry for nearly four decades and was the chairman of America's Community Bankers three years ago, died Saturday of Lou Gehrig's disease. He was 65.
February 20 - Michigan
MBT Financial Corp. of Monroe, Mich., has revised its fourth-quarter results and posted a much bigger loss than previously announced, citing a problem with a loan to an automotive supplier.
February 19







