Community Bank

Big Banks Would Pay More Into Deposit Fund

By By Ronald D. Orol| MarketWatch Pulse| Markets

… congressional committee on Thursday. The FDIC currently collects fees from banks to make payments to depositors of a failed community bank . The fund payments are used to cover losses to depositors of a failed bank. "By basing the assessment on assets instead …

Story|11/19/2009

First State 3Q Earnings Off, Says Undercapitalized

By Darryl R. Isherwood| FOXBusiness| Markets

… quarter losses on loss of interest income and expanding provision for bad debt. First State, the parent company of First Community Bank said it was under capitalized as per its Tier 1 leverage ratio while First Community’s status fell to adequately capitalized …

Story|11/02/2009

Goldman Trumps Government Again In CIT Flop « Emac's Stock Watch

Emac's Stock Watch

… Company Name ASSET Ratio Ratio Anchor BanCorp Wisconsin $5.3B 120% 567% Blue Valley Ban Corp. 809.9M 162% 352% Community Bank Bay 66.8M 53% 369% Central Pacific Financial 5.5B 185% 404% The Connecticut Bank and Trust 241.6M 61% 439% Commonwealth …

Blog|11/02/2009

Bankers’ Bonuses: We’re Shocked, Shocked « John Stossel

Other Stories

… their core functions. October 28, 2009 at 3:48 pm J. Horne I took my money out of a big bank and moved it to a small community bank . I urge others to do the same. October 27, 2009 at 10:53 am (1 Reply) Tom P cb750, right on, I guess you have to …

Blog|10/26/2009

FDIC Chairman to Warn on Recovery, Lending

By Rich Edson| FOXBusiness| Markets

… exposures faced by community banks may relate to construction loans and other CRE loans. These loans made up over 43 percent of community bank portfolios, and the average ratio of CRE loans to total capital was above 280 percent." She continues to say the scale …

Story|10/13/2009

Some Bankers Back 'Council' for Financial Regulation

By Peter Barnes| FOXBusiness| Markets

… services, and make it harder for them to compete against large rivals. You can read an August letter on the issue from six community bank executives to Treasury Secretary Timothy Geithner below; other executives have sent similar letters to members of Congress …

Story|09/15/2009

Corus Bank, Brickwell Community Bank Become Latest Failures

By Lauren Covello| FOXBusiness| Markets

… Regulators also closed Woodbury, Minn.-based Brickwell Community Bank on Friday. CorTrust Bank of Mitchell, S.D. will assume virtually all of its assets. Brickwell Community Bank had $72 million in assets and about $63 million in deposits …

Story|09/11/2009

Corus, Minn. Bank Busts Bring '09 Failures To 91

By John Letzing| MarketWatch Pulse| Markets

… Corus Bank N.A. and Woodbury, Minn.-based Brickwell Community Bank on Friday, bringing the number of U.S. bank failures ..... assumed by MB Financial Bank , the FDIC said. Brickwell Community Bank had $63 million in deposits as of July 24, the regulator …

Story|09/11/2009

Private Equity Investors: FDIC’s White Knight? « Glick Report

Glick Report

… principal of Terracap Partners, which invests in distressed real estate, Frank Sorrentino the chairman and CEO of North Jersey Community Bank and Susie Coehlo entrepreneur, small business owner and lifestyle expert. All three of them were terrific! Watch the …

Blog|08/26/2009

Demystifying the Bank Closure Process

By Matt Egan| FOXBusiness| Markets

… Frank Sorrentino, whose North Jersey Community Bank acquired the assets of Citizens Community Bank of Ridgewood in May, said he was pleasantly ..... a.m. on Monday.” North Jersey Community Bank paid $267,000 for Citizens Community …

Story|08/21/2009