Hometown Community Bancorp in Ill. to Buy Illini Corp.
Hometown Community Bancorp in Morton, Ill., has agreed to buy Illini Corp. in Springfield, Ill. American Banker
Category Archives: Banking
Fentura to Buy Community Bancorp in Michigan
Fentura Financial in Fenton, Mich., has agreed to buy Community Bancorp in St. Charles, Mich. American Banker
Banks Have Another Reason to Sell with SBLF Dividend Hike
Roughly 90 banks that participated in the government’s lending program still owe money to the Treasury Department and face a massive dividend increase. Many of those could view selling as a better alternative to raising new capital. American Banker
Regulators Close Wisconsin Bank in First Failure of 2016
The Wisconsin Department of Financial Institutions closed the $ 67.1 million-asset North Milwaukee State Bank on Friday. American Banker
First Interstate in Montana Hires Chief Credit Officer
First Interstate BancSystem in Billings, Mont., has tapped a KeyCorp executive as its new chief credit officer. American Banker
Huntington to Close More than 100 Branches After FirstMerit Deal
Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it completes its acquisition of FirstMerit. American Banker
Penns Woods in Pa. Promotes Karas to Chief Operating Officer
Penns Woods Bancorp in Williamsport, Pa., has promoted Michelle Karas to chief operating officer. American Banker
To Case the Joint, Press 1: Crooks Refocus on Bank Call Centers
With tighter security in the online and mobile channels, fraudsters are turning their attention to vulnerable contact centers, conning eager-to-please phone service reps into coughing up customer information or letting them reset passwords on other people’s accounts. American Banker
Kopernik, Liberty Banks in Baltimore to Merge
Kopernik Bank and Liberty Bank of Maryland, both mutual thrifts in Baltimore, have agreed to merge. No money would change hands given the mutual-ownership structures involved in the deal. American Banker
Bankers Prepare to Adjust CRE Lending Following Federal Regulators’ Warnings About Relaxed Underwriting
U.S. bankers haven’t taken their foot off the gas yet but they are watching their CRE loan portfolios carefully following a recent warning from the FDIC and say they are prepared to hit the brakes and slow down their commercial real estate lending vehicles should conditions warrant. Through the third quarter of 2015, U.S. banks