Banking execs believe more failures possible Oct 30, 2009
Columbia Savings and Loan of Milwaukee received a cease-and-desist order in November 2006 from the federal Office of Thrift Supervision to address any unsafe and unsound practice ... Brown Deer-based Guaranty Bank is being run under strict guidelines set by the Office of Thrift Supervision after the agency said the bank has engaged in unsafe and unsound banking practices. (Milwaukee Business Journal, WI)
OTS orders sale of Sarasota's Century Bank Oct 28, 2009
The Office of Thrift Supervision issued a prompt corrective action directive to Century Bank on Oct. 22, giving the thrift 10 days to come up with a merger partner or acquirer, or an institution that would buy substantially all of its assets and liabilities. Century Bank has agreed to comply with the directive. (Tampa Bay Business Journal, FL)
Liberty to reduce commercial exposure Oct 27, 2009
The Office of Thrift Supervision is requiring Liberty Savings Bank to reduce its concentration of commercial real estate loans to 300 percent of core capital plus the Allowance for Loan and Lease Losses ... The bank has until Nov. 30 to give the plan to the Office of Thrift Supervision. (Dayton Business Journal, OH)
Number of failed US banks exceeds 100 Oct 24, 2009
It was closed on Friday by the Office of Thrift Supervision, which appointed the FDIC as receiver. The other collapsed bank, whose closure was announced on Friday, include Flagship National Bank of Florida, American United Bank of Georgia, Riverview Community Bank of Minnesota, Bank of Elmwood of Wisconsin and Dupage Bank of Illinois. (Sydney Morning Herald -- Business)
Bank Failures Oct 24, 2009
The Office of Thrift Supervision Friday afternoon shut down Partners Bank of Naples, Florida. The FDIC has announced the 100th U.S. bank failure of the year -- Partners Bank of Naples, Fla. (ABC News -- Business)
Number of U.S. failed banks hits 100 this year Oct 24, 2009
The failed bank was closed by the Office of Thrift Supervision, which appointed the FDIC as receiver. As of Sept. 30, 2009, Partners Bank had total assets of 65. (Xinhuanet, China)
Second Federal has to hike capital to deal with loans Oct 20, 2009
The Office of Thrift Supervision on Oct. 13 added the capital requirements to an existing cease and desist order imposed this year on Second Federal Savings Assn. of Chicago, a $251-million-asset lender with branches in the Southwest Side neighborhoods of Little Village and Brighton Park, as well as in Cicero, all of which have substantial Hispanic populations. As of June 30, Second Federals capital ratios met the levels set forth in the amended order. (Crain's Chicago Business)
Regulators crack down on Pacific National Oct 17, 2009
During any month when we do loan loss reserves, if I need additional capital, my parent company will infuse the funds, said Fernandez, a former regulator with the U.S. Office of Thrift Supervision. They are here to support the bank and provide any additional capital that we need. (South Florida Business Journal, FL)
Financial overseers opposing overhaul Oct 7, 2009
Still, Bowman says, he relishes the chance to defend the Office of Thrift Supervision against efforts by President Obama and Congress to shut it down. It s a lot of fun, said Bowman, who, as the Office of Thrift Supervision s former chief counsel was among the US officials who regulated American International Group Inc., Countrywide Financial, and other institutions whose risky practices helped trigger the nation s economic crisis ... In addition to the Office of Thrift Supervision, the Office... (Boston Globe)
Two Birmingham banks earn 'zero' rating by national firm Oct 3, 2009
It is currently under a cease and desist order issued by the Office of Thrift Supervision, which demands it must raise its capital levels my the end of this month. See previous story. (Birmingham Business Journal, AL)
Bernanke May Compromise on Regulatory Powers Oct 1, 2009
Two weeks ago, Dodd offered his own proposal for beefing up financial regulation: merging the Fed with the Office of Thrift Supervision, the FDIC and the Comptroller of the Currency to create one superagency. Dodd said one of his goals is to prevent shopping for the most lenient regulator by financial institutions, something critics say helped bring about the financial crisis. (Fox News)
Lehman creditors seek billions Sep 24, 2009
The Office of Thrift Supervision, the 00004000 federal regulator of savings and loan companies, filed a claim for the same amount related to Lehman's requirement to buy loans from Aurora. In July, Lehman lent Aurora $US500 million and bought mortgages from the bank to prevent a possible seizure by OTS. Lehman has said if OTS seized Aurora it may reduce returns to Lehman's creditors by as much as $US3. (Sydney Morning Herald -- Business)
Fix Wall Street! But ... How? Sep 24, 2009
The first of these can save consumers from getting ripped off by bank fine print; the second, if it gets rid of the Office of Thrift Supervision, will do some good. But neither addresses systemic risk at all. (Slate)
NYT: FDIC may borrow cash from banks Sep 23, 2009
There is no consensus among the five board members, consisting of Ms. Bair, two other F.D.I.C. officials, and the heads of the Office of Thrift Supervision and the Office of the Comptroller of the Currency. Others may propose novel ways to replenish the fund, for example, by asking the banks to prepay the premiums that they were planning to make next year. (MSNBC -- Politics)
FDIC Watched as `Hot Money' Boomed at Colorado's Defunct New Frontier Bank Sep 23, 2009
Banks supervised by other regulators, including the Office of the , the Office of Thrift Supervision and the Federal Reserve, have also failed. The Fed came under fire from its inspector general, who issued two reports on Sept. 9 saying the central bank didnt rein in excessive real estate lending at banks in California and Florida that later closed. (Bloomberg)
Financial overhaul islosing momentum Sep 23, 2009
Dodd also is moving toward the creation of a single banking regulator, combining the authorities now spread across the Fed, the Office of Thrift Supervision, the Federal Deposit Insurance Corp. and the Comptroller of the Currency. The administrations plan did not envision such a sweeping consolidation. (MSNBC -- Business)
Post-Crisis Financial Watchdogs: A New Push for Reform Sep 22, 2009
Congress cant go back to the American people and say business as usual," countered Elizabeth Warren, the Harvard University professor who chairs the Congressional Oversight Panel of the Troubled Asset Relief Program, the $700 billion financial bailout Congress approved in October. Hearing It Out On Wednesday, the House Financial Services Committee kicks off a run of 11 hearings over three weeks on regulation reform. At the first hearing, Treasury Secretary Timothy Geithner will make his... (Fox News)
Senator Dodd Favors Bank Super-Cop Idea: Aide Sep 21, 2009
The president and Democrats in the U.S. House of Representatives are proposing a merger of two bank supervisory agencies -- the Office of Thrift Supervision and the Comptroller of the Currency. They want to leave largely intact the bank oversight functions of two other agencies -- the Federal Reserve and the Federal Deposit Insurance Corp.. (ABC News -- Wire)
Dodd Plan for Single U.S. Bank Regulator May Spark Fight with Frank, Obama Sep 21, 2009
Dodd, leading efforts to rewrite regulations, will suggest combining the Federal Reserve, the Federal Deposit Insurance Corp., the Office of Thrift Supervision and the Office of the Comptroller of the Currency into one agency, the senators office said yesterday. Establishing a single regulator is a very bad idea, , president of the Independent Community Bankers of America, a Washington-based trade group with 5,000 members, said yesterday in an e-mail. (Bloomberg -- US)
Dodd to Push for Single U.S. Bank Regulator: Report Sep 20, 2009
The Times said the Obama administration had considered, then rejected, the idea of combining the Federal Reserve, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation and the Comptroller of the Currency into one "superagency." ... Bank oversight would be streamlined under the Obama plan with a new national bank supervisor, merging the Comptroller of the Currency and the Office of Thrift Supervision. (ABC News -- Business)
Dodd pushes new plan to oversee banking institutions Sep 20, 2009
Lawmakers and aides say the bill Dodd is preparing to make public in the coming weeks would be more ambitious and politically risky than the plan offered by the White House, which considered but then decided against combining the four banking agencies - the Federal Reserve, the Office of Thrift Supervision, the Federal Deposit Insurance Corp., and the Comptroller of the Currency - into one superagency. The White House backed away from that plan to avoid a phalanx of industry opposition that... (Boston Globe)
FDIC seizes Irwin Union Bank Sep 19, 2009
which operates a branch in Mesa and Phoenix, was shut down by the Office of Thrift Supervision. The Federal Deposit Insurance Corp. was named receiver. (Phoenix Business Journal, AZ)
First Financial Bank, N.A. Acquires the Banking Operations of Irwin Union Bank and Trust Company and Irwin Union Bank, F.S.B. Sep 19, 2009
The Indiana Department of Financial Institutions and the Office of Thrift Supervision declared Irwin closed today and appointed the FDIC as receiver. "We are pleased to welcome the clients of Irwin to First Financial and want to assure them that their deposits are safe, secure, and readily accessible. Since all deposits are being assumed by First Financial Bank, there will be no losses to any depositor," said Claude Davis, president and chief executive officer of First Financial Bancorp. (PR Newswire)
Irwin Financial Units Shut as Toll of Seized U.S. Bank Reaches 94 for Year Sep 19, 2009
Irwin Union Bank based in Louisville was closed by the Office of Thrift Supervision and Columbus-based Irwin Union Bank and Trust Co. was shut by the Indiana Department of Financial Institutions, the Federal Deposit Insurance Corp. said yesterday in a statement. of Hamilton, Ohio, agreed to assume the deposits and take over 27 offices, the FDIC said. (Bloomberg -- US)
First Bank Failures Announced in Indiana; Kentucky Sep 19, 2009
The Federal Deposit Insurance Corporation announced it was appointed receiver for Louisville, Kentucky-based Irwin Union Bank, F.S.B., and Columbus, Indiana-based Irwin Union Bank and Trust Co., by the Office of Thrift Supervision and the Indiana Department of Financial Instutions, respectively. The two failed banks have a total of 27 bank branches and are subsidiaries of the Columbus, Indiana-based Irwin Financial Corporation. (Fox News)
Regulators force closure of Irwin Union Sep 19, 2009
Irwin Union Bank FSB entered into a separate cease-and-desist order with U.S. Office of Thrift Supervision on July 24. The Federal Reserve Bank and the Indiana DFI recently determined that Irwin has not met enough of the measures specified in the October 2008 agreement and issued the cease-and-desist order. (Louisville Business First, KY)
Regulators crack down on Tampas Century Bank of Florida Sep 18, 2009
and its parent company, , signed supervisory agreements in late August with the Office of Thrift Supervision, as did Century Bank, a federal savings bank in Sarasota. Century Bank of Florida and the Sarasota thrift are not connected to each other. (Tampa Bay Business Journal, FL)
ETrade Plans $150 Mln Stock Sale, Ends Poison Pill Sep 15, 2009
In a prospectus filed with the Securities and Exchange Commission, E*Trade said that in response to a request by the Office of Thrift Supervision, its primary banking regulator, the company agreed to "contribute an additional $100 million in cash to E*Trade Bank in exchange for equity before the end of the current fiscal quarter.". E*Trade, which has been hit by heavy losses within its bank's mortgage portfolio, said proceeds for the sale include boosting liquidity for working capital and other... (SmartMoney)
States fight predatory lending Sep 15, 2009
Those regulations come from state banking departments, which the federal banking agencies, Office of Thrift Supervision (OTS) and Office of the Comptroller of the Currency (OCC), routinely pre-empt, saying the regulations cannot be enforced against nationally chartered banks. State banking departments' consumer protection laws are stronger and historically more consumer-friendly by not being based on the safety and soundness (financial condition) of the financial institution. (NJ.com -- Times)
Obama seeking to revive push for financial reform in speech Sep 14, 2009
Of the five primary federal bank regulators, the White House plan calls only for eliminating the Office of Thrift Supervision. Aware that any bold legislation can get bogged down and die a slow election-year death, Obama has been eager to push regulatory reform through Congress by year's end, and the White House no doubt hopes that the president's address Monday will serve as a catalyst. (Honolulu Advertiser)
Anchor BanCorp restating 1Q results Sep 12, 2009
Anchor has been beset with credit problems and in June voluntarily entered into a cease-and-desist agreement with the Office of Thrift Supervision that requires the bank holding company to provide the federal agency with a plan for increasing capital and improving asset quality. Most Read Stories. (Milwaukee Business Journal, WI)
Annie Leibovitz deadline to repay $24M loan passes Sep 9, 2009
The deal should help TierOne, which is under strict scrutiny from the federal Office of Thrift Supervision, strengthen its balance sheet. NEW YORK -- The deadline for celebrity photographer Annie Leibovitz to repay a $24 million loan passed Tuesday night without word from either involved party. (Fresno Bee -- Nation)
Regulators close bank named in Tampa suit Sep 9, 2009
Late Friday, the Office of Thrift Supervision closed Platinum Community Bank. The was appointed receiver. (Tampa Bay Business Journal, FL)
NAB extends US reach in buy-up Sep 7, 2009
Earlier this year TierOne Corp, the Nebraska-based parent of TierOne Bank, signed a deal with US Office of Thrift Supervision to maintain certain minimum capital levels, in response to growing concerns with its operating results. TierOne has suffered a string of quarterly losses on the back of its exposure to troubled real estate loans. (Sydney Morning Herald -- Business)
FDIC: 44% of D.C.-area banks remain mired in red ink Sep 7, 2009
Waterfield s total risk-based capital ratio slipped below the Office of Thrift Supervision s required 10 percent for well capitalized institutions to 8. 35 percent. (Washington Business Journal, DC)
AIG selling asset management unit for $500 million Sep 6, 2009
The deal should help TierOne, which is under strict 00004000 scrutiny from the federal Office of Thrift Supervision, strengthen its balance sheet. 5 weeks on the brink: Reliving meltdown of '08. (Fresno Bee -- Business)
Five Banks Closed by U.S. Regulators Sep 6, 2009
The Office of Thrift Supervision said that Platinum Community Bank had total assets of $148 million while the FDIC estimated its assets as $345. 6 million as of August 29, 2009. (ABC News -- Wire)
Neb.'s TierOne sell 32 branches to Great Western Bank Sep 6, 2009
The deal should help TierOne, which is under strict scrutiny from the federal Office of Thrift Supervision, strengthen its balance sheet. "Completion of the transaction will fortify the bank's capital levels," TierOne CEO Gilbert Lundstrom said. (Madison Daily Leader, SD)
K-Fed Bancorp Announces An Increase in Year End Earnings Sep 3, 2009
Currently, the Bank meets all regulatory capital requirements established by the Office of Thrift Supervision in order to be classified as a "well-capitalized" bank. This release contains certain forward-looking statements. (Primezone Releases)
Trustee sought for bank holding companies Sep 3, 2009
Office of Thrift Supervision seeks to appoint trustee for Bradford Bank holding companies - Baltimore Business Journal ... Office of Thrift Supervision seeks to appoint trustee for Bradford Bank holding companies. (Baltimore Business Journal, MD)
Tarullo, Obama's First Fed Board Pick, Leads Overhaul of Bank Supervision Sep 2, 2009
Its difficult for a regulator to move forward and challenge a very large bank, or even a small bank, that is showing great numbers, great capital, great reserves and low defaults, said , former special counsel at the Office of Thrift Supervision and now an attorney at Paul, Hastings, Janofsky & Walker LLP in Washington. In one case, the Feds Inspector Generals office suggested insufficient oversight of First Georgia Community Bank, a Jackson, Georgia-based lender that failed in... (Bloomberg)
Vantus appoints new CEO Sep 1, 2009
The move came as Vantus looks to shore up public confidence in the 86-year-old institution as it works to raise its capital ratios to satisfy concerns of federal regulators. "Scott is well-known to our banking customers and to our community, and will provide a source of strength and continuity to Vantus Bank in the future,'' Arlene Curry, chair of the bank's board of directors, said in a statment.Sehnert, who will be president and CEO of both the bank and its publicly-traded holding company,... (Sioux City Journal, IO)
Analysis: Where Vantus went wrong Aug 30, 2009
Two weeks ago, the federal Office of Thrift Supervision told Vantus' parent company, First Federal Bankshares, that its plan to increase capital was "unacceptable.'' The OTS intends to issue a directive that would require the bank to be acquired or merged with another financial institution by Sept. 30, according to a filing with the U.S. Securities and Exchange Commission.If that date passes without a sale or merger, regulators could take further action. Under a worst-case scenario, they could... (Sioux City Journal, IO)
Greater Atlantic stockholders OK merger Aug 29, 2009
Greater Atlantic s regulator, the Office of Thrift Supervision, has been reprimanding the troubled bank for more than a year. The OTC slapped the bank with a prompt corrective action directive in May to find capital or a merger partner and gave it a cease-and-desist enforcement order a year earlier. (Washington Business Journal, DC)
Feds seize Bradford Bank; M&T buys assets Aug 29, 2009
The Office of Thrift Supervision had given Bradford 15 days to submit a binding merger or acquisition agreement and 30 days to finalize a deal. OTS s July 24 directive came after the agency notified the bank on May 26 that it was significantly undercapitalized and after the regulatory agency rejected a plan Bradford submitted in June to boost its capital levels. (Baltimore Business Journal, MD)
Guaranty goes under Aug 29, 2009
Posted: Friday, August 28, 2009 3:16 PM CDT Guaranty Bank, headquartered in Austin, Texas, with locations in Angels Camp and Sonora, was closed Aug. 21 by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation as receiver. To protect depositors, the FDIC entered into a purchase-and-assumption agreement with BBVA Compass of Birmingham, Ala. (San Andreas Calaveras Enterprise, CA)
Ask AP: Lawmaker health benefits, Hawaii monarchy Aug 29, 2009
If that doesn't bring results, contact the bank's primary regulator -- it could be the federal Office of Thrift Supervision, the Office of the Comptroller of the Currency or a state agency. Or contact the banking department or consumer affairs office in your state. (Jefferson City News Tribune, MO)
US Thrifts Earn $4M in 2Q; 40 on 'Problem' List Aug 27, 2009
The Office of Thrift Supervision said the small profit in the April-June period marked the industry's first positive earnings since the third quarter of 2007. It compared with a loss of $5. (ABC News -- Wire)
Guaranty Now Compass After Ownership Switch Aug 27, 2009
Friday s closure was carried out by the Office of Thrift Supervision which had appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with BBVA Compass, Birmingham, AL, to assume all of the deposits of Guaranty Bank, excluding those from brokers. (Fredericksburg Standard Radio Post, TX)
FDIC eases rules on buying failed banks Aug 27, 2009
John Bowman, acting director of the Office of Thrift Supervision, was the lone holdout. He said the new policy could chase potential investors away. (Boston Globe)
Vantus bank at risk of closing after 86 years (2798) Aug 26, 2009
The bank, which has struggled with myriad financial difficulties, learned Aug. 14 the Office of Thrift Supervision found its plan to raise additional capital "unacceptable," according to a new U.S. Securities and Exchange Commission filing. In the filing, the bank said the OTS intends to issue a Prompt Corrective Action Directive. (Sioux City Journal, IO)
Vantus buyer unlikely to emerge Aug 26, 2009
"They should have no reason to worry,'' said Joydeep Bhattacharya, an Iowa State University economics professor, who has studied bank panics.Vantus, which has eight offices in Siouxland, and another five in central Iowa, had about 500 million in assets at the end of the second quarter.Potential buyer may wait for 'sweetners'The Office of Thrift Supervision on Aug. 14 told the bank the plan it filed to raise additional capital was "unacceptable,'' according to a new U.S. Securities and Exchange... (Sioux City Journal, IO)
Bauer weighs anchor on retirement Aug 25, 2009
As if to punctuate the immediate challenges he faced, four days after Bauer was named CEO, the bank holding company announced a voluntarily cease-and-desist agreement with the Office of Thrift Supervision that requires the company to increase its capital and improve its asset quality. At age 60, Bauer is young enough to tackle the Anchor BanCorp job and has become excited about his new role, Bergstrom said. (Milwaukee Business Journal, WI)
Maine bank, credit union working on merger plans Aug 24, 2009
Delicious food, fresh ingredients, large servings, good service, moderate prices (Seacoast New Hampshire)
Dwelling House: Tight ship to nightmare Aug 24, 2009
Dwelling House was shut down last weekend by the federal Office of Thrift Supervision, which determined that the $13 ... "The Office of Thrift Supervision and the FDIC both made extraordinary efforts to prevent the outcome that occurred," said Bill Ruberry, a spokesman for the OTS in Washington, D.C. "We thought this was going to be a happy ending, but the hole turned out to be bigger than we thought.". (Pittsburgh Post-Gazette, PA)
First Coweta, CapitalSouth, EBank of Atlanta Closed as '09 Toll Reaches 80 Aug 22, 2009
State regulators shut CapitalSouth Bank of Birmingham, Alabama, and First Coweta Bank of Newnan, Georgia, and the U.S. Office of Thrift Supervision closed ebank, an Atlanta-based Internet lender. The three banks had $841 million in deposits, and the failures will cost the Federal Deposit Insurance Corp. $262 million, the agency said today in news releases. (Bloomberg)
FDIC may ease private equity buys of failed banks Aug 21, 2009
And two of the FDIC board members -- Comptroller of the Currency John Dugan and John Bowman, acting director of the Office of Thrift Supervision -- warned publicly that it may be overly restrictive. The most notable requirement is for private equity investors to maintain a robust amount of cash in the banks they acquire, keeping them at a minimum 15 percent capital leverage ratio for at least three years. (The Augusta Chronicle)
FDIC may ease way for firms to buy failed banks Aug 21, 2009
And two of the FDIC board members, Comptroller of the Currency John Dugan and John Bowman, acting director of the Office of Thrift Supervision, warned publicly that it might be overly restrictive ... Lawrence Kaplan, a former senior attorney at the Office of Thrift Supervision, said it is an interesting dilemma for the FDIC. Chances are they re going to temper that, he said. (Boston Globe)
BBVA of Spain Is Said to Win FDIC Bidding for Guaranty Financial of Texas Aug 20, 2009
The Office of Thrift Supervision has taken over board functions, directed the Austin, Texas-based bank to turn itself over to the Federal Deposit Insurance Corp. and is pursuing likely to wipe out shareholders, Guaranty said in a July 23 filing with the Securities and Exchange Commission. Bids for the bank, which had about $16 billion in assets and $9 billion in deposits, were due Aug. 18, the people said. (Bloomberg -- Europe)
Citadel trade deal 'unlikely': ETrade CEO Aug 20, 2009
Layton's comment comes days after the U.S. Office of Thrift Supervision suspended review of E*Trade's application to send 98 percent of trade orders to Citadel, up from 40 percent. E*Trade's agreement in June to amend its order flow pact was part of a broader agreement that raised $400 million in new equity and swapped expensive debt for convertible securities. (Crain's Chicago Business)
People on the Move: Aug. 17 Aug 19, 2009
Previous to Citi, Rossi held senior positions at other major financial institutions and worked for a number of years at the Treasury Department and Office of Thrift Supervision working on key policy issues affecting depositories. Before permanently joining the Smith School, Rossi served as an adjunct professor for eight years and has a number of publications on banking industry topics. (Washington Business Journal, DC)
Guaranty Financial says still short of capital Aug 18, 2009
In April, the federal Office of Thrift Supervision said the company had engaged in unsafe and unsound banking practices and ordered it to raise fresh capital, find a buyer or face a takeover by the government. Guaranty Financial s predicament sets up a possible takeover by the Federal Deposit Insurance Corp. On Friday, the FDIC seized Montgomery, Ala. (KHOU.com, TX)
PNC takes over Dwelling House Aug 18, 2009
" The 119-year-old minority-owned financial institution that famously embraced low-income people that other banks steered clear of became another footnote in Pittsburgh's history when the federal Office of Thrift Supervision determined late Friday it had no hope of recovering heavy capital losses. Dwelling House was shut down and OTS officials appointed the Federal Deposit Insurance Corporation as receiver. The FDIC sold all of Dwelling House's $13.8 million in deposits to PNC Financial... (Pittsburgh Post-Gazette, PA)
AmTrust Bank falls further from capital requirements Aug 15, 2009
In a November cease and desist order, the Office of Thrift Supervision (OTS) told AmTrust it must obtain a Tier 1 core capital ratio of 7 percent and a risk-based capital ratio of 12 percent by Dec. 31, 2008. As of June 30, those ratios were 4. (South Florida Business Journal, FL)
Feds shut down Hill District S&L Aug 15, 2009
The federal Office of Thrift Supervision shut down Dwelling House Savings and Loan yesterday after reporting that the minority-owned bank located in the Hill District "was in an unsafe and unsound condition, was critically undercapitalized and had no reasonable prospect of recovering.". The OTS appointed the Federal Deposit Insurance Corp. as receiver, which announced that the troubled thrift will reopen on Monday under its new owner, PNC Financial Service Group. (Pittsburgh Post-Gazette, PA)
