Community banking
Community banking
- Pennsylvania
It was only a matter of time before Nicholas S. Schorsch started buying branch and office properties from banks again.
December 4 - Nebraska
Shareholders of TierOne Corp. of Lincoln, Neb., have approved its deal to be sold to the real estate investment trust CapitalSource Inc., but the banking company's board still plans to renegotiate the terms if the buyer's stock continues to trade down.
December 3 - Texas
Morrill Bankshares Inc. of Merriam, Kan., is getting out of the Texas banking market and the family-owned Austin Bank of Jacksonville, Tex., is entering new markets in the first bank acquisition deal in Texas announced this quarter.
December 3 - Iowa
Meta Financial Group Inc. in Storm Lake, Iowa, has agreed to sell its smallest subsidiary, the $39 million-asset MetBank West Central, to Anita Bancorp. in Atlantic, Iowa, for $8.3 million in stock.
December 3 - Ohio
Century Bank in Parma, Ohio, has agreed to acquire Liberty Bank in Beachwood for $35.9 million in cash and stock and intends to go public to fund the deal.
December 3 - Washington
First Financial Northwest Inc. of Renton, Wash., intends to increase its loan-loss provision by $4.5 million this quarter, because of problem residential construction loans.
December 3 - Pennsylvania
Susquehanna Bancshares Inc. in Lititz, Pa., said in a Securities and Exchange Commission filing Friday that it expects its loan losses to rise in the fourth quarter and that it will boost its loss provision by $11.1 million.
December 3 -
TierOne Corp. shareholders approved an agreement late Thursday to sell the Lincoln, Neb., company, despite opposition from its largest shareholder.
November 30 - South Dakota
Seven years after selling its U.S. banking arm to one Dutch company, National Australia Bank Ltd. is returning with what looks like a page from another Dutch lender's playbook.
November 30 -
Efforts to improve financial options for the unbanked are getting a boost from local and state governments.
November 30 - Georgia
The Bankers Bank in Atlanta has outgrown its name.
November 30 - Illinois
The Chicago private-equity firm GTCR Golder Rauner LLC has pledged to invest $100 million in another Chicago company, PrivateBancorp Inc., to help it expand.
November 29 - Maryland
TierOne Corp. shareholders are to vote today on a proposed acquisition by a Maryland real estate investment trust, and indications are that the vote could be close.
November 29 - Washington
Regulators have postponed approval of Washington Federal Savings Inc.'s deal to buy a nearby thrift, because of unresolved compliance issues at the Seattle buyer.
November 29 -
- Washington
First Financial Northwest Inc. of Renton, Wash., said Wednesday that it would increase its loan-loss provision by $4.5 million this quarter, because of problem residential construction loans.
November 29 - Ohio
Century Bank in Parma, Ohio, plans to acquire Liberty Bank in Beachwood for $35.9 million in cash and stock and intends to go public to fund the deal.
November 29 -
Since Capital One Financial Corp. began issuing a third-party debit card in May, community bankers have feared losing lucrative debit-related business to the McLean, Va., company while fretting that they would be the ones fielding angry phone calls from customers should problems arise with their Capital One cards.
November 28 - West Virginia
Summit Financial Group Inc. in Moorefield, W.Va., has moved to settle a trade secret claim made by Corinthian Mortgage Corp. by signing a letter of intent to negotiate the purchase of Corinthian's parent, Commonwealth Savingshares Corp., for $52.5 million in cash and stock.
November 28




