Expands Footprint in Northern Indiana and Enters State of Michigan
- Acquisition includes 24 banking centers in Northern Indiana and Southwest Michigan and nearly $780 million in deposits
- The transaction is expected to close 3 rd quarter 2013
Several lesser-known banks make my stock screening cut, though higher-profile Snap-on, Tractor Supply and Manpower also are on the list.
The FDIC Quarterly Banking Profile for the fourth quarter of 2016 shows increasing exposures to construction and development loans, which are potential problems for these 14 community banks.
The FDIC has released positive data for community banks, but these 14 banks have rallied too far too fast.
These 3 dividend stocks are rated a Buy by TheStreet