Community banking
Community banking
- Pennsylvania
Defying the slow market for mergers and acquisitions, F.N.B. Corp. of Hermitage, Pa., announced its second deal in three months, to snatch up one of the last remaining community banking companies in Pittsburgh's attractive southern suburbs.
February 19 - Florida
TIB Financial Corp. in Naples said after the market closed Thursday that it had lost $6.5 million, or 51 cents a share, in the fourth quarter partly because of an almost fourfold increase in its loan-loss provision, to $6.2 million.
February 19 -
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February 19 - Massachusetts
Wainwright Bank and Trust Co. in Boston said Thursday that its fourth-quarter earnings fell 29% from a year earlier, to $1.2 million.
February 15 - Virginia
From the July day FNB Corp. in Christiansburg, Va., announced that it intended to merge with Virginia Financial Group Inc. in Culpeper, the plan was controversial, and for some it was emotional.
February 15 - New York
Signature Bank Corp. in New York said Thursday that it lost $3 million, or 10 cents a share, in the fourth quarter because of a sharp drop in the value of its investment securities and a large increase in its loan-loss provision.
February 15 -
- Virginia
After months of heated dissent and a shareholder meeting that spilled into a second day, FNB Corp. in Christiansburg, Va., won its shareholders' approval Wednesday to merge with Virginia Financial Group Inc. in Culpeper.
February 14 - Georgia
After a $6.9 million fourth-quarter loss caused by a growing pile of bad loans, Security Bank Corp. in Macon, Ga., is out to replenish its capital.
February 14 - Tennessee
Cornerstone Bancshares Inc. of Chattanooga, Tenn., said Wednesday that a recently discovered problem with a commercial loan forced it to restate its fourth-quarter results.
February 14 - Florida
Sun American Bancorp in Boca Raton, Fla., could end up getting back some of the price it paid in a bank acquisition a year ago.
February 13 - Maryland
Bad boat loans caused a 35.8% decline in Annapolis Bancorp Inc.'s fourth-quarter net income, to $531,000.
February 13 - Indiana
Whoever becomes the next chief executive at MainSource Financial Group Inc. will have some work to do to boost its lackluster performance, analysts said.
February 13 -
Hanmi Financial Corp. in Los Angeles reported a fourth-quarter loss of $100 million after a goodwill impairment charge of $102.9 million and a higher loan-loss provision.
February 13 - California
Hanmi Financial Corp. in Los Angeles reported a fourth-quarter loss of $100 million after a goodwill impairment charge of $102.9 million and a higher loan-loss provision.
February 13 - Texas
An executive and two board members who were at Summit Bancshares Inc. in Fort Worth when it was sold in 2006 are getting back into community banking.
February 13 - California
Bankers already monitor rivals’ loan activity through Uniform Commercial Code filings, but with competition for commercial loans becoming increasingly fierce, a California data-mining company has developed a service that simplifies the act of surveillance.
February 12 - Pennsylvania
A consent order that Pennsylvania Commerce Bancorp Inc. in Harrisburg has signed with the Office of the Comptroller of the Currency restricts insider dealings at the company, but analysts said it does not appear to be as "onerous" as the order against its bigger New Jersey namesake.
February 12 - Georgia
Shares of Omni Financial Services Inc. plunged Friday after the Atlanta company delayed its fourth-quarter and full-year earnings reports and said that it had discovered "lending policy violations and internal control deficiencies" in its inner city lending division.
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