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Mercantile Bancorp subsidiaries Cited as Top Performer
22 hours ago ago from Insurance News Today -Top Insurance Industry News
Mercantile Bancorp, Inc. announced two of its wholly owned subsidiary Banks were ranked in the American Bankers Association Journal among the top 100 U.S. community Banks in return on average equity (ROAE) in 2008. Brown County State Bank, headquartered in Mt. Sterling, Ill., was ranked 12th nationwide in ROAE among non-subchapter S community Banks and thrifts under $100 million in assets. Marine Bank & Trust, based in Carthage, Ill., ranked ...
Related contentAmerican Marine Forced to Pump Up Capital, Reserves
18 hours ago ago from Kitsap Business and Economy
By Rachel Pritchett rpritchett@kitsapsun.com BAINBRIDGE ISLAND Deeply troubled American Marine Bank has agreed to strengthen its capital and maintain adequate loan-loss reserves, according to a new pact it has made with regulators. It also has agreed have strong management and make sure its board of directors is plugged in to routine workings of the bank. The consent order, similar but less onerous than a cease-and-desist order, was ...
Related contentGale Mears Becomes Direct Endorsement Underwriter for FHA Loans at The Coastal Bank
23 hours ago ago from Abshire Public Relations & Marketing
SAVANNAH, Ga. – The Coastal Bank, a leading community bank headquartered in Savannah, is pleased to announce that underwriter Gale Mears recently became a Direct Endorsement Underwriter for Federal Housing Administration (FHA) loans. As a Direct Endorsement Underwriter, Mears acts on the FHA’s behalf, underwriting and approving FHA loans for The Coastal Bank. This underwriter status benefits banking customers who are interested in FHA ...
Related contentAsia Markets: New guidelines for Korean banks may slow lending
7 hours ago ago from Finbel's Blog
HONG KONG (MarketWatch) The South Korean banking regulator's recently announced policy guidelines for 2010 may force the nation's lenders to slow loan growth in the near-term, but would help to widen loan margins and improve financial stability, say analysts. In its 2010 financial policy agenda released earlier this week, the Financial Services Commission of Korea announced said it will consider capping the loans-to-deposits ratio of ...
Related contentRussian Banks Count Pigs, Lingerie as Collateral From Debtors
5 hours ago ago from Asx200's Blog - CFD.net.au
( CFD.net.au Contract for Difference, Share, Forex, ETFs, Commodities Traders ) When Russian billionaire Alexander Lebedev’s OAO National Reserve Bank seized collateral offered against a loan from a cash-strapped borrower, a health quarantine was slapped on the security: 40,450 pigs. We had a court decision to take away the collateral, which is the pigs, , Lebedev, 49, said in an interview in Moscow. The borrower, a farm near Samara ...
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Brian Moynihan: Bank Of America's New CEO
1 day ago ago from Huffington Post
CHARLOTTE, N.C. Bank of America's new CEO says he doesn't expect to lead a major shift in strategy at the nation's largest bank when he takes over from Ken Lewis on Jan. 1. But with loan losses continuing to mount amid double-digit unemployment rates, it remains to be seen whether investors will embrace staying the course. Bank of America's board late Wednesday named its 50-year-old consumer and small business banking chief, Brian Moynihan, ...
Related contentBehind the Rejection of Kelly as Bank of America CEO
12 hours ago ago from Wall Street Journal
Bank of America Corp. directors decided to hire Brian T. Moynihan as chief executive after the U.S. government raised concerns about the potential political impact of the compensation package proposed by an outside candidate for the job, according to people familiar with the situation. As the Charlotte, N.C., bank was pursuing Bank of New York Mellon Corp. CEO Robert Kelly last week, Bank of America board member Thomas Ryan asked Treasury ...
Related contentBofA's Moynihan Zones in On One Word: Execute - FOXBusiness.com
14 minutes ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Finance Friday, December 18, 2009 BofA's Moynihan Zones in On One Word: Execute  Reuters  CHARLOTTE, North Carolina-- Brian Moynihan may be ...
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