Community banking
Community banking
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The Rhode Island company had barely opened the doors of its Fairfield County mortgage office when management started getting pushed about making a bigger splash. For now, CEO Joseph MarcAurele seems content to keep one toe in the water.
October 29 - Puerto Rico
Doral Financial in San Juan, Puerto Rico, has provided the Federal Deposit Insurance Corp. with its capital restoration and contingency plans.
October 29 -
EverBank Financial in Jacksonville, Fla., reported higher quarterly profit due to an uptick in residential lending.
October 29 - Oklahoma
BOK Financial in Tulsa, Okla., reported quarterly earnings that held steady as higher fee revenues offset rising operating expenses.
October 29 - Ohio
Park National in Newark, Ohio, reported lower quarterly earnings due to higher operation expenses and credit costs.
October 29 - Missouri
UMB Financial in Kansas City, Mo., reported higher quarterly profit on strong commercial lending.
October 29 -
A former Georgia community banker who faked his own death two years ago was sentenced on Tuesday to serve 30 years in prison for committing fraud that led to a bank's failure.
October 29 - Mississippi
Trustmark Corp. in Jackson Miss., reported a rise in quarterly profit that benefited from a larger loan portfolio.
October 28 -
The $6.4 billion-asset bank said in a press release Tuesday that it has struck a deal with Aperture Media Partners, a film financing company in Los Angeles, to provide loans to the entertainment industry.
October 28 -
Community banks in the Northeast have gotten healthier in the past year, and loan growth has nearly doubled. Now OCC officials are worried that banks may be overstretching to protect their thin profit margins.
October 28 - North Carolina
First Citizens BancShares in Raleigh, N.C. reported a significant decline in quarterly earnings due to a higher loan-loss provision and increased operating costs.
October 28 -
The $44 billion-asset specialty lender viewed its pending purchase of OneWest Bank as its way to get significantly over the $50 billion threshold for systemically important financial institutions. But CIT CEO John Thain is all for a proposal that would raise the SIFI bar higher.
October 28 -
The CFPB and other agencies are expected to take a hammer to banks' lucrative overdraft fee business, saying that it is a form of short-term credit akin to payday loans. Some banks see the writing on the wall and have made changes, but others have lagged.
October 28 - New York
Flushing Financial in Lake Success, N.Y., reported higher quarterly earnings driven by securities gains and improved asset quality.
October 28 -
FirstMerit in Akron, Ohio, reported higher quarterly profit that met Wall Street expectations despite margin pressure.
October 28 -
South State Corp. in Columbia, S.C., struggled to increase earnings but held expenses in check after a major acquisition.
October 28 -
Board members at smaller banks tend to dismiss the importance of the annual self-assessment process. But as board governance attracts growing regulatory scrutiny, directors should embrace the chance to identify areas for improvement.
October 28 -
The mortgage industry has to prepare for a new breed of salesperson in millennials - that's if they can get them interested in the first place.
October 28 - Pennsylvania
S&T Bancorp in Indiana, Pa., reported higher quarterly profit that benefited from loan growth and improved asset quality.
October 28 -
Cheviot Financial in Cincinnati has agreed to add a director recommended by activist investor Seidman Group.
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