Community banking
Community banking
- 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 -
The Providence, R.I., company is set to be spun off from its foreign parent, and executives are embracing the opportunity to simplify their products, expand lending and overhaul their customer experience.
August 15 -
Costs associated with its recent acquisition pushed Cascade Bancorp, in Bend, Ore., into the red in the second quarter.
August 15 - New Jersey
Sun Bancorp in Mount Laurel, N.J., plans to raise approximately $20 million to fund its recent restructuring.
August 15 -
Doral Financial, the Puerto Rico bank that hasn't posted an annual profit for almost a decade, fell as much as 4.7% after disclosing it received a subpoena from the Securities and Exchange Commission.
August 15 - Pennsylvania
Beneficial Mutual Bancorp in Philadelphia, which dates back to 1853, is the latest old-school mutual thrift to announce plans for a second-step conversion to a fully public stockholder company.
August 14 - Florida
C1 Financial, a $1.4 billion-asset company in St. Petersburg, Fla., raised $45 million today from its initial public offering.
August 14 -
Clayton Deutsch has spent the last several years streamlining Boston Private's past acquisitions in an effort to improve the company's profitability. With most of the cuts in place, the company is now eyeing acquisitions like the one it announced last month for Banyan Partners, a Florida investment adviser.
August 14 - South Carolina
Nearly six months after some CertusBank investors demanded a total management overhaul, the Greenville, S.C., company elected six new board members at an annual meeting last week. Yet investors remain very concerned about the company's ongoing losses and capital levels, new Chairman John Poelker says.
August 14 -
The time spent preparing these reports has increased exponentially over the years, leaving bankers with less and less time to help customers, and communities, prosper. Allowing highly rated banks to file short-form call reports could significantly ease that burden, writes the ICBA's Camden Fine.
August 14 -
CenterState Banks in Davenport, Fla., plans to close additional branches from a recent acquisition.
August 14 -
First Citizens BancShares in Raleigh, N.C., has appointed Blake Coules chief risk officer.
August 14 -
Banks can use advanced database marketing techniques to identify current customers who may be shopping for a mortgage, writes Garth Graham.
August 14 - Pennsylvania
Customers Bank in Wyomissing, Pa., has announced three new appointments to executive positions, including one to the newly created role of Small Business Administration national director.
August 13 -
Citizens Financial Group in Providence, R.I., is expanding its commercial banking operations to lend to more midsize companies in more parts of the country.
August 13 -
Investment banker Jason R. Hach has joined Sandler ONeill following four years at its archrival Keefe, Bruyette & Woods.
August 13 -
Membership in credit unions has hit 100 million for the first time, one of their top trade groups said. The numbers are subject to challenge, but banks still have plenty to fear from their nemeses. Then again, credit unions are uneasy about the future, too.
August 13 -
The Bank of Edwardsville in Illinois has begun looking for a new chief executive, after its current CEO, Thomas Holloway, said he would retire next spring.
August 13


