The widespread driver of wealth in communities both large and small in the United States in the post war period of 1945 were the community banking system. The role of community bankers has evolved over the last 30 years, but the current day community banker has 8% of total assets but origination of 40% of all small business loans in America. (TBC) The Future Of Community Banking By John Slater | Market Overview | Aug 21, 2012 03:55PM GMT | Add a Comment In a recent announcement, First Virginia Community Bank announced the acquisition of First Commonwealth Bank, a small de novo bank started in 2009. The transaction is pending regulatory approval and will be treated as stock-for-stock as the value-to-book is about 97%. That will become a common trend over the next three to five years as Wall Street projects that some 20% to 30% of banks will be merged before it's all done. Why Is This Typical Of What The Future Holds? First, the constant … [Read more...]
Community Banking’s Future is perfect example of regulatory disconnect to the real economy
Breaking Weather News: Advisory for Accumulating Snow issued for tonight for Northern NC southward to Raleigh
Winter weather advisory issued for northern NC counties WRAL NEWS - RALEIGH, NC RALEIGH, N.C. — A winter weather advisory has been issued for more than a dozen North Carolina counties – including Granville, Halifax, Person, Vance and Warren – from 4 a.m. to noon Monday. Up to 3 inches of snow is possible, mostly near the Virginia border. Northern Wake County and areas north could get a dusting to half an inch of snow around 6 or 7 a.m. Monday, according to WRAL meteorologist Mike Maze. Bridges could be icy, snowy or slushy as temperatures hover around the freezing mark Monday morning. After the system moves through, temperatures should warm to about 50 degrees Monday afternoon. Tuesday will see a high of about 52 degrees, and the temperature will continue to climb with 63 Wednesday, 69 Thursday and 72 on Friday. Severe weather watches and warnings See snow? Report It Sign up for WeatherCall iControl … [Read more...]
Weiss Ratings of DC area banking institutions
Banks are starting to lend money to consumers and small businesses as fourth quarter 2011 show regional banks showing strong loan growth. In the DC market, 40 banks call the DC metro market home and many outside banks have a presence in one of the most lucrative markets in the country. The market search will uncover almost 1700 bank branches, and the decision to embark on a banking relationship is a monumental decision for a consumer or business owner. Several ways to discover information about a prospective financial institutional include stock and performance results via Zack's Investment Research, star ratings system with Safe and Sound on BankRate.com, and financial strength on Weiss Ratings with access via TheStreet.com. In this analysis, the focus is on DC banking institutions financial strength via Weiss Ratings with A or Excellent ratings in the DC market. Only two banking institutions in the DC metro marketplace did score an A or Excellent according to Weiss. The … [Read more...]
