http://www.banking-business-review.com Latest news from Banking Business Review en-us Copyright 2008, Datamonitor Thu, 24 Jul 2008 13:17:00 GMT http://www.banking-business-review.com/article_news.asp?guid=F2842E1F-3C6D-4215-9BA2-050D23A3A654 Mercantile Bancorp has reported a net income of $1.3 million or $0.15 per share for the second quarter ended June 30, 2008, compared to $2.4 million or $0.27 per share for the same period of 2007. Thu, 24 Jul 2008 13:17:00 GMT http://www.banking-business-review.com/article_news.asp?guid=DFDFB139-9852-44E8-BE9B-CA3F59B14158 Lincoln Bancorp, the holding company of Lincoln Bank, has reported a net income of $963,000, or $0.19 per diluted share for the second quarter ended June 30, 2008, compared to $803,000, or $0.15 per diluted share for the same period of 2007. Thu, 24 Jul 2008 13:17:00 GMT http://www.banking-business-review.com/article_news.asp?guid=266264BD-CDC1-4F3F-A15B-C274554C21FA UnionBanCal, a bank holding company, has appointed Kyota Omori as chairman. Mr Omori will serve as non-resident chairman of UnionBanCal and Union Bank of California. Thu, 24 Jul 2008 12:56:00 GMT http://www.banking-business-review.com/article_news.asp?guid=64F29BE8-8482-49AB-92C7-57E547FA4F83 National Bancshares, a financial holding company, has reported a net income of $568,000 or $0.26 per share for the second quarter ended June 30, 2008, an 80.9% increase compared to $314,000 or $0.14 per share for the same period in 2007. Thu, 24 Jul 2008 12:52:00 GMT http://www.banking-business-review.com/article_news.asp?guid=31460147-7C79-4609-AE32-E432A8E90C13 The UK-based bank Northern Rock has named of Gary Hoffman, group vice chairman of Barclays, as its new CEO, effective October 1, 2008. Thu, 24 Jul 2008 12:48:00 GMT http://www.banking-business-review.com/article_news.asp?guid=4D15821E-1328-419B-9170-F6EB1D519911 TIB Financial, a financial holding company, has reported a net loss of $4 million or $0.29 per share for the second quarter ended June 30, 2008, compared to a net income of $1.7 million or $0.13 per share for the same quarter of 2007. Thu, 24 Jul 2008 12:45:00 GMT http://www.banking-business-review.com/article_news.asp?guid=6961FAEA-9BEA-426D-BF2F-64093B9962E9 Commerce Bank and TD Banknorth have announced that they will change the brand name for their combined operations to TD Bank in place of the previously announced TD Commerce Bank name. Thu, 24 Jul 2008 12:44:00 GMT http://www.banking-business-review.com/article_news.asp?guid=E2F3E27F-44F1-4285-A074-86B4C119F964 APACS, the UK payments association, has reported that the number of adults using online banking has increased by 505% in the past seven years from less than 3.5 million in 2000 to just over 21 million in 2007. Thu, 24 Jul 2008 12:37:00 GMT http://www.banking-business-review.com/article_news.asp?guid=0674595C-20BD-4C52-8122-CAD70F4AEEFC Standard Life Investments, a fund manager, has announced that its entire Luxembourg-domiciled SICAV fund range is now available to German investors through Deutsche WertpapierService Bank. Thu, 24 Jul 2008 12:20:00 GMT http://www.banking-business-review.com/article_news.asp?guid=555D1BB1-802B-4BBA-8369-BC59F6BCD35D Crescent Financial, the parent company of Crescent State Bank, has reported a net income of $1.03 million or $0.11 per diluted share for the second quarter ended June 30, 2008, compared to $1.45 million or $0.15 per diluted share for the same period of 2007. Thu, 24 Jul 2008 12:20:00 GMT http://www.banking-business-review.com/article_news.asp?guid=FD2AAB52-F245-4C42-86DC-EE8A8144BC79 The PrivateBank - Chicago has formed a corporate liquidity advisory group, which will be responsible for developing commercial deposit and liquidity relationships, as well as enhancing the bank's commercial liquidity product set and service offerings. Thu, 24 Jul 2008 12:13:00 GMT http://www.banking-business-review.com/article_news.asp?guid=5C52B7AC-06F0-4640-AD4B-336A6C51AD5F PremierWest Bancorp, a financial services holding company, has reported a net income of $648,000 or $0.03 per diluted share for the second quarter ended June 30, 2008, compared to $3.94 million or $0.21 per diluted share in the same period of 2007. Thu, 24 Jul 2008 12:03:00 GMT http://www.banking-business-review.com/article_news.asp?guid=35164C5D-C692-46B2-831E-30D933F3F7A4 Dime Community Bancshares has reported a net income of $8.4 million for the second quarter ended June 30, 2008, compared to $5.6 million for the same quarter of 2007. Thu, 24 Jul 2008 11:43:00 GMT http://www.banking-business-review.com/article_news.asp?guid=5ACEE828-C55B-413A-9212-7B67E07A7314 TCF Financial has reported that its net income for the second quarter of 2008 was $23.7 million, compared with $62.1 million for the second quarter of 2007. Thu, 24 Jul 2008 11:31:00 GMT http://www.banking-business-review.com/article_news.asp?guid=BFFA16FE-E2CF-40C2-A9E3-F3F72583E6D1 JPMorgan Chase, a provider of cash management, trade finance, and treasury solutions, has opened two new International Image Deposit Centers in Taipei and Bangkok. Thu, 24 Jul 2008 11:20:00 GMT http://www.banking-business-review.com/article_news.asp?guid=762F13AC-1716-4724-AE16-F932A6B2CD6B Cincinnati Financial has announced the block sale of more than half of its common stock holding in Fifth Third Bancorp. Thu, 24 Jul 2008 10:59:00 GMT http://www.banking-business-review.com/article_news.asp?guid=BE82A393-4074-4A11-8344-21BC3A7EEA9C SI Financial Group has reported a net income of $463,000 for the second quarter ended June 30, 2008, compared to a net income of $377,000 for the same quarter ended June 30, 2007. Thu, 24 Jul 2008 10:39:00 GMT http://www.banking-business-review.com/article_news.asp?guid=CEF9A726-10CD-4DD6-9EFE-3C4FAF2B25C9 US-based Urban Trust Bank has opened its new branch in Bethesda, Maryland. Thu, 24 Jul 2008 09:02:00 GMT http://www.banking-business-review.com/article_news.asp?guid=6F17052D-2679-403C-AE77-23A6ABAEF11D BNP Paribas Securities Services has appointed Sophie Bourgarel as the new head of business projects at the company and Valerie Nicaise as the new head of the investment reporting and performance risk measurement team. Thu, 24 Jul 2008 08:50:00 GMT http://www.banking-business-review.com/article_news.asp?guid=A2A69ACA-FBBC-4F48-89C7-ABAEC0ACBC56 Susquehanna Bancshares has reported a net income of $29.2 million for the second quarter of 2008, compared to $9.8 million for the same quarter of 2007. Thu, 24 Jul 2008 08:46:00 GMT