Community banking
Community banking
- Arkansas
Bank of the Ozarks in Little Rock, Ark., has agreed to buy Intervest Bancshares in New York for $228.5 million in stock.
August 1 - South Carolina
The troubled Greenville, S.C., bank lost $15 million in the second quarter, its first quarterly results since a new management team replaced the three founders who were fired in April. Moreover, local NAACP leaders have raised concerns about the firings, which they say sent a toxic message to the local African-American community.
July 31 -
Sun Bancorp in Mount Laurel, N.J., reported a second-quarter loss due to one-time charges related to its ongoing restructuring efforts.
July 31 -
One in four banks are eyeing wealth management as a way to boost noninterest income and deepen customer relationships, according to a new survey by American Banker and SourceMedia Research.
July 31 -
Regional and small banks are providing M&A advisory services to their commercial customers as a way to drive fee income, deepen client relationships and differentiate themselves from rivals.
July 31 -
If finalized and then approved by regulators, the combination of the Des Moines and Seattle Home Loan banks would be the first voluntary merger in the systems history.
July 31 - North Carolina
First Bancorp in Southern Pines, N.C., posted a 20% jump in its second-quarter earnings as its provision for loan losses declined and fee income increased.
July 31 -
Banks can boost mortgage profits with the help of direct call centers and products like adjustable-rate mortgages and jumbo loans, writes Stratmor Group's Garth Graham.
July 31 - Massachusetts
Brookline Bancorp in Boston reported higher quarterly earnings because of loan growth.
July 31 -
Banc of California in Irvine reported a jump in second-quarter profits, fueled by strong growth in its loan portfolio.
July 31 -
TFS Financial in Cleveland reported that its quarterly profits increased as net interest income rose and its loan-loss provision shrank.
July 31 -
Old National Bancorp in Evansville, Ind., has spent the last year buying its way into higher-growth markets, including a deal announced Monday in Grand Rapids, Mich. CEO Bob Jones is still antsy to expand in Louisville but acknowledges that shareholders want him to take a break from M&A.
July 30 - Florida
EverBank Financial in Jacksonville, Fla. reported a decline in second-quarter earnings as loan servicing fees and loan production revenue plunged.
July 30 -
Home Bancshares in Conway, Ark., has agreed to acquire Broward Financial Holdings in Fort Lauderdale, Fla.
July 30 -
Most bankers expect to see deposits flow out of their coffers next year if interest rates rise as expected, and some are starting to estimate how many. Whether the trend is good or bad depends on each bank's specific situation, but everybody has to get ready.
July 30 - Texas
Cullen/Frost Bankers in San Antonio, Texas, reported an uptick second-quarter earnings, boosted by its recent acquisition of WNB Bancshares.
July 30 -
Doral Financial, the holding company for Puerto Rico's second-largest mortgage lender, is trying to sell itself in parts, people with knowledge of the matter said, to maintain compliance with capital requirements.
July 30 - Oklahoma
Tighter margins held back BOK Financial in Tulsa, Okla., last quarter. The $28 billion-asset company reported a profit of $76.7 million, down 4% from the same period last year.
July 30 -
Bank owners can make more objective decisions about whether it's the right time to sell by comparing the value of holding onto the bank to its private market price and instating an external review process, writes consultant J.V. Rizzi.
July 30 -
Valley National Bancorp in Wayne, N.J., reported that second-quarter earnings declined because of a significant drop in noninterest income.
July 30





