Singapore banks hit by second-quarter profit drop - 2003-08-04
Singapore's top two banks posted big drops in second-quarter earnings, hurt by higher provisions and poor business conditions.

Chief executive Jackson Tai blamed "intense competition" in the mortgage market, but said Hong Kong's interest margins were stable at 2.35 per cent.
Read the full story at Financial Review

New Albany bank establishes branch in St. Matthews - 2003-08-04
Banking on the success of its Louisville mortgage office, New Albany-based Independence Bancorp is setting up a branch in St. Matthews.

The bank branch could be open by December, said Bill White, Independence Bancorp's president and CEO.

The move comes about a year after Independence Bank opened its mortgage office, also in St. Matthews.
Read the full story at Business First of Louisville