Community banking
Community banking
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Branch managers in Ferguson, Mo., are coping with modified hours and the presence of law enforcement and the Missouri National Guard. Bankers are dedicated to staying open in an area where branches are particularly important to customers.
August 20 -
Southern Bancorp in Arkadelphia, Ark., has agreed to buy the Bank of Bolivar County in Shelby, Miss.
August 20 -
Banks that place too much emphasis on results without understanding the behavior behind it may create a dishonest or overly risky environment, according to consultant David Uhl.
August 20 -
A former Eastern Bank executive has been charged with insider trading in connection with the Boston bank's 2010 purchase of Wainwright Bank & Trust.
August 19 -
Mutual-to-stock conversions are facing new hurdles, as evidenced by events at a pair of Massachusetts mutuals. Depositors at Beverly Bank recently rejected its proposed conversion, while Reading Co-op Bank changed its bylaws to make it more difficult to convert.
August 19 -
Investors will remain reluctant to take on the personal risk inherent in establishing de novo community banks as long as new regulations remain unwieldy and returns stay low, according to Richard Magrann-Wells.
August 19 -
New York-regulated banks won't be able to hire PwC for consulting work until 2016 under a penalty handed down by Benjamin Lawsky, the state's banking superintendent. The move could encourage some banks to turn to smaller auditors, who some experts say produce higher quality work and are less expensive.
August 19 -
Think a Wall Street executive could win a goat-milking contest or be the ringman at a livestock auction? No chance, but they could learn from these small-town bankers in Indiana and Colorado.
August 19 -
Joseph Stilwell, an activist investor who has targeted community banks, has been ordered to appear in federal court in New York in connection to a subpoena request for an investigation into potential securities fraud.
August 18 -
Executives at Tangerine and Moven are dousing themselves with ice water to raise awareness for Lou Gehrig's disease, and posting their videos on Facebook.
August 18 - California
Preferred Bank in Los Angeles has recovered a large chunk of a loan it had given up on. The $1.9 billion-asset company said a $5.6 million loan that had been put in nonaccrual status was paid off Friday.
August 18 -
Highlands Bankshares in Abingdon, Va., has elected a new chairman and president.
August 18 - New York
Pathfinder Bancorp in Oswego, N.Y., could raise nearly $27 million through a second-step conversion.
August 18 -
The Connecticut company was an early adopter of branch modernization, starting an effort four years ago that has led to the closure of underperforming locations, enhanced digital offerings and use of universal bankers.
August 18 - Montana
First Interstate BancSystem, in Billings, Mont., will appeal a Montana state court jury's verdict that the company pay about $17 million in compensatory and punitive damages from a dispute with a former customer.
August 18 - North Carolina
Four Oaks Fincorp in Four Oaks, N.C., has raised $24 million through a rights offering.
August 18 - New York
Stephen E. Dowd, the chief financial officer of CMS Bancorp in White Plains, N.Y., has died. The $273 million-asset company announced Dowds unexpected passing in a press release on Friday.
August 15 -
An investor has filed a lawsuit to block the merger deal between the two First Citizens banks in the Carolinas, which are controlled by the Holding family. The case could turn on whether the directors on the special committees that reviewed the deal were truly independent of the Holdings.
August 15




