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CURRENT NEWS TOPICS FOR COMMERCIAL BANKING:
 Hawaii stocks mixed despite market gains
Hawaii stocks saw mixed results after the broader markets rebounded on Wednesday trading. (ALEX) (BOH) (CPF) (MLP) (HE)
American Savings Bank's president moves up his departure date
American Savings Bank President Timothy K. Schools will be leaving his post three months earlier than first announced. (HE)
Crescent litigation trust sues Duke Energy, seeks $1.2B
A trust established to handle Crescent Resources? litigation claims has filed suit seeking $1.2 billion from Duke Energy Corp. and several of its affiliates, claiming the company committed fraud when it sold 49 percent of the Charlotte real estate firm to Morgan Stanley?s real estate investment arm in 2006. (DUK)
Smith appointed deputy state investment officer
Kansas Public Employees Retirement System Chief Investment Officer Robert ?Vince? Smith will become New Mexico?s deputy state investment officer on Sept. 27.
Regions Financial Corp. leads local stocks
Regions Financial Corp. led local stocks gaining nearly 5 percent on a steady Wednesday on Wall Street for many local publicly traded companies. (RF) (PL)
Roofer complaints more than doubled this year, Denver BBB says
Complaints against roofers filed with the Denver-Boulder branch of the Better Business Bureau are up 247 percent so far this year from the same period of 2009, despite that fact that there have been fewer powerful storms to damage roofs in 2010, the bureau said Wednesday.
Tanfield Group plans $3M stock sale to finish Smith Electric Vehicles deal
British company Tanfield Group PLC says it needs more than $3 million from a stock sale to complete the planned merger of its electric vehicle operation with Smith Electric Vehicles U.S. Corp.
U.S. Bank CEO: Overland Park beat out 360 cities for 1,300-job center
U.S. Bank CEO Richard Davis said Overland Park beat out 360 cities nationwide to become the location for the company?s new service center, which eventually will provide office space for 1,300 employees.
McGinn, Smith credit card charges questioned
Timothy McGinn and David Smith have continued to charge thousands of dollars of expenses on their credit card despite a court order freezing their assets, according to the U.S. Securities and Exchange Commission.
Bruised consumers shun credit cards, prefer prepaid ones
More people pulled debit cards from their wallets than credit cards in 2009, changing longstanding spending habits as the recession turned the U.S. economy upside down. (SBUX) (PEET)
Luckie & Co. restructures leadership team
Growth at the local advertising firm Luckie and Co. has caused a restructing and expansion of its leadership. (T)
Capital Pacific names Ron May to board
Capital Pacific Bancorp has named Ron May to its board of directors. May, an Oregon native, has been active in the local business community for more than 35 years.
Report: Numbers looking up for Kansas credit unions
Kansas credit unions boosted their lending during the first quarter, according to a report released Wednesday by the Kansas Department of Credit Unions.
T. Rowe Price boosts stock buyback plan by 15M shares
T. Rowe Price Group Inc.?s board of directors have approved increasing by 15 million shares the number of shares of stock the company will repurchase as part of a stock buyback program. (TROW)
ClearCount Medical Solutions raises $5M
ClearCount Medical Solutions Inc. last week raised $5 million from investors, its largest capital infusion to date.
General Fund tax receipts increase
North Carolina's General Fund saw an increase in tax receipts in July of $31.9 million or 2.4 percent compared to July of last year, according to an announcement from the State Controller.
CenterState plans to combine banks
CenterState Banks Inc. plans to consolidate its three national bank subsidiaries into one national bank. (CSFL)
Expensify raises $5.7 million
Expensify Inc., a 2-year-old seller of online expense reporting software particularly targeting small businesses, has raised $5.7 million in a first round of institutional funding led by Redpoint Ventures.
Human Capital: People on the move, Sept. 8
Halloran Consulting Group of Waltham added Simona Cipra as a managing director and Bradley Yount as chief operating officer. Previously, Cipra was VP of global clinical operations for a mid-sized, oncology-focused biopharmaceutical company. Prior to that, Simona held senior leadership roles in clinical operations and program management at Eisai Medical Research, Boston Scientific Corp. and The Medicines Company. Yount is the founder and president of Odyssey Bay Ventures, a firm that owns portfolio companies such as Enefco International of Auburn, Maine, and FMB Inc. of Harrison, N.J.
IRS releases draft for health care tax credit
A form that small businesses and tax-exempt organizations will use to claim their health care tax credit has been drafted by the Internal Revenue Service.
Glaxo taps Goldman Sachs managing director Dingemans as CFO
Simon Dingemans, managing director of Goldman Sachs, is leaving the investment house to take the job of chief financial officer for pharmaceutical giant GlaxoSmithKline, which has North American headquarters in Research Triangle Park. (GSK) (GS)
Pittsburgh market update: DynaVox down 2.78%
Wall Street managed modest gains Wednesday. The Dow Jones Industrial Average finished trading at 10,387.01, up 46.32 points, or 0.45 percent. Nasdaq increased 19.98 points, or 0.90 percent, to 2,228.87. (AA) (AYE) (ATI) (AEO) (BK) (CNX) (DKS) (FII) (HNZ) (KMT) (KOP) (PNC) (PPG) (X) (WAB) (WCC)
Republic First Bank officially changes name to Republic Bank
Republic First Bank, primary subsidiary of Republic First Bancorp, said Wednesday it officially changed its name to Republic Bank. (FRBK)
EntreMed funded through 2011
Rockville-based EntreMed has raised $5.1 million from a group of private investors, enough funding to keep it in business through 2011, it says. (ENMD)
Coulomb raises $15M in 3rd round
Coulomb Technologies Inc. said Wednesday it raised $15 million in a third round of funding.
SEC accuses Boulder investment adviser Greenberg of fraud
The U.S. Securities and Exchange Commission is launching legal action against Neal R. Greenberg, a Boulder investment adviser it accuses of fraud and breach of fiduciary duty in the marketing of his firm's hedge funds to dozens of mostly older investors.
Wells Fargo museum to open in N.C.
If you want to visit the state museums of art, history and natural sciences, you have to go to Raleigh. If you want to visit a bank museum, the place to go is Charlotte. (WFC) (BAC)
iPierian raises $6M more in second round
Stem cell drug company iPierian Inc. raised another $6 million in its second round of venture funding, bringing the total for the round to $28 million. (GSK)
Denver Public Schools board weighs financial adviser
Denver Public Schools board members Jeannie Kaplan and Andrea Merida on Tuesday proposed hiring an independent financial adviser to help the board evaluate future financing deals proposed by the school district.
Commerce Bank of Arizona taps John Lewis to lead Phoenix expansion
John Lewis, former chairman, president and CEO of Sunrise Bank of Arizona, has been tapped as executive vice president of Commerce Bank of Arizona to handle the Tucson firm?s expansion plans in the Phoenix area.
Hawaii stocks follow market lower
Hawaii stocks followed the overall market?s downward trend during Tuesday trading. (HE) (ALEX) (BOH) (CPF) (MLP)
Regions struggles on tough day for local stocks
Regions Financial Corp. was hit the hardest in Tuesday trading on a dreary day for most local publicly traded companies. (RF) (PL) (PRA)
WaMu investigation extended to Nov. 1
In what appears to be good news for Washington Mutual shareholders, a Delaware bankruptcy court judge gave investigators more time to look into the sudden closure of the Seattle financial institution in 2008.
SACU, Solar S.A. team up to promote home-based renewable power
San Antonio Federal Credit Union is partnering with Solar San Antonio on its Bring Solar Home initiative.
Fed OKs Banco Davivienda branch in Miami
The Federal Reserve Board approved the application of Colombia?s third-largest bank to open an international branch in Miami.
Ex-RBC Bank exec to head SunTrust Banks in Raleigh
SunTrust Banks on Tuesday named former RBC Bank exec Chris Bell executive VP and commercial and business banking executive for the Central Carolina region. Bell will also serve as the bank?s Raleigh city president. (RY) (STI) (WFC)
RS Investments closes on purchase of Oak Value Fund
San Francisco-based RS Investments on Tuesday completed its acquisition of the Oak Value Fund, renaming the Triangle-rooted mutual fund and absorbing its key investment managers.
Wichita still an option for CornerBank
Winfield-based CornerBank still is willing to build a branch in a high-profile part of east Wichita, but it?s waiting for the city?s economic picture to make some improvement.
Foundation Financial to hire 24 locally
Jacksonville-based Foundation Financial Group announced in a press release today it is hiring for 24 new full-time financial services positions in Jacksonville by the end of the year.
Bank stocks drag down markets on Wall Street
Banks with operations in the Dayton area saw their stocks tumble Tuesday, as new worries about European banks pushed stocks lower. News reports that banks in Europe may have more risky government debt on their books was disclosed during ?stress tests? earlier this year. (KEY) (PNC) (JPM) (USB)
BankAtlantic files for stock offering up to $125M
BankAtlantic Bancorp has filed plans to launch its third stock offering in 18 months as it seeks capital to ease the pain of the bank?s losses. (BBX)
Cinnamond joins River Road Asset Management
Eric Cinnamond has joined River Road Asset Management LLC as vice president and portfolio manager.
Mortgage company hiring for 40 new Triangle jobs
Mortgage lending company Foundation Financial Group is in heavy hiring mode, seeking applications for 40 new job openings over the next six months at its Raleigh office.
Obama unveils $50B transportation plan
President Barack Obama?s six-year, $50 billion plan to upgrade the nation?s transportation infrastructure could give Pittsburgh contractors a much-needed boost ? provided Congress is on board.
Ten Eyck joins local KeyBank advisory board
Peter Ten Eyck II, who this spring retired from the board of KeyCorp, has joined a local KeyBank advisory board. (KEY)
Cleantech VC investment up $311M in Q2
In the second quarter of 2010, venture capitalists pumped $1.03 billion into 58 cleantech, alternative energy and environmental businesses. (STMP)
Evraz secures nearly $300 million
Steel-maker Evraz Inc. NA on Tuesday said it has closed on a nearly $300 million, four-year credit facility for its Canadian division.
Transamerica Financial hires chief compliance officer
Shawn Mihal joined Transamerica Financial Advisors Inc. as vice president and chief compliance officer. (AEG)
Anchor BanCorp capital plan gains approval
Anchor BanCorp Wisconsin Inc. of Madison said it has received conditional approval of its capital restoration plan from the financial firm's primary federal regulator, the Office of Thrift Supervision, and has consented to take prompt corrective action to address capital issues. (ABCW)
PNC Mortgage to add 200 jobs
Jacksonville Mayor John Peyton told a crowd of 1,700 Tuesday afternoon that PNC Mortgage will add 200 jobs to the area when it opens up its Southside office by the end of the year. (PNC)
Wells Fargo set to make East Coast push
Wells Fargo CFO Howard Atkins told an Atlanta reporter this week the bank is poised to begin its East Coast integration of Wachovia. (WFC)
Flood: Another $1.22M in repairs for Gaylord; $511K for Juvenile Court
Another $1.22 million worth of permits have been issued for the rebuilding of flood-ravaged Gaylord Opryland Hotel and Resort.
Security Savings Bank signs consent order with FDIC
Federal banking regulators want Southport-based Security Savings Bank to raise capital and clean up its lending practices.
Human capital: people on the move, Sept. 7
HarborOne Credit Union of Brockton has named Adam Cupples its new digital marketing and communications manager. Cupples has more than seven years of experience in the field of online marketing. Prior to HarborOne, he held the position of executive vice president, operations for Strategis Advertising in Stoughton.
Sovereign rocked on $7M quarry loan
A Westford, Mass., company that owns granite quarries in four states has filed for bankruptcy protection, leaving a division of Sovereign Bank on the hook for about $7 million.
Law allows insurance companies to make deposits in credit unions
Insurance companies may now put some of their money into credit unions in New York state.
Jaffe leaves Ballard Spahr for Duane Morris
Richard Jaffe, the veteran deal lawyer who serves as chairman of the board of the Science Center, has left Ballard Spahr for Duane Morris.
Bluegreen gets extension on $125M loan
Timeshare resort developer Bluegreen Corp. has extended a group of loans. (BXG)
Tax credits help commercial developers
Enacted by Congress in 2000 as part of the Community Renewal Tax Relief Act, the New Markets Tax Credit program has helped spark investment in under-served communities.
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