The stock of $2.12 billion-asset Old Second Bancorp Inc. was down 16.6 percent in late morning trading as the troubled Aurora-based lender reported a fourth-quarter loss of $76.6 million, or $5.48 a share. Get the full story »
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Feb. 3 at 11:39 a.m.
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Filed under: Banking, Commercial real estate, Earnings, Real estate, Stock activity Old Second Bancorp’s stock falls on 4Q loss
Metropolitan group banks warned about capital
Most local banks owned by $2.93 billion-asset Metropolitan Bank Group Inc., a Chicago-based lender owned by animal adoption advocates Peter and Paula Fasseas, have been ordered by state and federal banking regulators to shape up. Get the full story »
Oak Park River Forest bank ordered to raise money
Crain’s Chicago Business | State and federal bank regulators have issued an order, requiring the Community Bank of Oak Park River Forest to raise capital though the amount is unclear.
Integra unit may not meet required capital levels
Integra Bank Corp. said its banking unit may not be able to meet regulatory capital directives within the stipulated 90-day period and reported its tenth straight quarterly loss.
The Evansville, Indiana-based company, which has been selling assets and branches in a bid to improve its capital levels, said it continues to seek buyers for its Chicago-area branches. Get the full story »
Banks get years to adjust to global capital rules
The building of the Bank for International Settlements, BIS, in Basel, Switzerland. (AP/Georgios Kefalas)
Bankers and analysts said new global rules could mean less money available to lend to businesses and consumers, but praised a decision to give them plenty of time — until 2019 — before the so-called Basel III requirements come into full force.
The rules, which will gradually require banks to hold greater capital buffers to absorb potential losses, are likely to affect the credit industry by imposing stricter discipline on credit cards, mortgages and other loans. Get the full story »
Old Second Bancorp discloses capital agreement
Aurora-based Old Second Bancorp Inc., which lost $60 million last year, has disclosed that it’s operating under an agreement with U.S. regulators to increase its capital to levels higher than what’s usually considered “well capitalized.”
The publicly traded lender, which has assets of $2.5 billion, outlined its capital-raising plans in a filing last week. Get the full story »
