Community banking
Community banking
- New York
The New York company took investors on a roller coaster ride over a dozen years, with issues that included a CEO's death, another leader's ambitious M&A strategy, and an ill-timed effort to upgrade outdated technology.
October 30 -
Whether it's regulation, cyber threats, vendor backlog or just plain inertia, U.S. banks still lag their overseas counterparts when it comes to mobile adoption.
October 30 - Washington
The $815 million-asset company said in a press release Friday that it will close locations in Ilwaco and Ferndale in western Washington.
October 30 -
Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy a unit from Parke Bancorp in Washington Township, N.J., that focuses on Small Business Administration loans.
October 30 -
Sandy Spring Bancorp in Olney, Md., has appointed executives from the technology and legal industries to newly created seats on its board.
October 29 - South Dakota
Great Western Bancorp in Sioux Falls, S.D., reported higher quarterly profit on loan growth and improved efficiency.
October 29 -
Webster Financial in Waterbury, Conn., has promoted its head of commercial banking to president of Webster Bank and its holding company.
October 29 -
United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.
October 29 - California
Californias Richmond Community Foundation will pursue a new social impact bond vehicle with a $3 million revenue bond private placement it hopes to close next month with the local Mechanics Bank.
October 29 -
Bank of America in Charlotte, N.C., is selling 23 branches in West Coast states. The bank also plans to sell a total of $1.2 billion in deposits and $821,000 in loans to TriCo Bancshares in Chico, Calif.; Bank of Commerce Holdings in Redding, Calif.; and Cascade Bancorp in Bend, Ore.
October 29 -
Spencer Savings Bank and Southbridge Savings Bank in Massachusetts have agreed to merge in a combination of mutual thrifts in the Worcester, Mass., area.
October 29 -
MB Financial in Chicago has agreed to buy an asset management firm.
October 29 - California
Opus Bank in Irvine, Calif., has promoted Jennifer Simmons to chief operating officer and appointed her to the executive committee.
October 29 -
Women who own small businesses are happier with their banking experiences than their male counterparts are, according to a study by J.D. Power released Thursday.
October 29 - Texas
American Bank in Corpus Christi, Texas, will promote two executives next year, after longtime chairman and chief executive Al Jones retires.
October 28 -
Mercantile Bank in Grand Rapids, Mich., plans to close five branches to cut costs. The $2.9 billion-asset company said in a press release Wednesday that it plans to close the branches in the first quarter.
October 28 - New Jersey
Valley National Bancorp in Wayne, N.J., reported a jump in third-quarter earnings on growth in lending and fee income.
October 28 -
Executives at small banks and credit unions told the Senate Banking Committee about horror stories of technical glitches, vendor delays and overworked appraisers, while expressing an interest in having more time to comply with new mortgage rules.
October 28 - Mississippi
Trustmark in Jackson, Miss., said its profit declined in the third quarter because of lower loan yields and higher expenses.
October 28 -
One look at the industry's C-suite makes it obvious that banks need to mirror demographic shifts far better and faster.
October 28


