Alan Kline is the former editor-in-chief of American Banker. Previously he oversaw its consumer finance and national/regional banking coverage. He also helped direct coverage of the annual Most Powerful Women in Banking rankings.
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A Florida court has given JPMorgan Chase (JPM) preliminary approval to pay $110 million to settle a class-action claim that accused the bank of charging excessive overdraft fees.
By Alan KlineMay 29 -
Roughly two months after putting itself up for sale after its plan for raising fresh capital fell through, BancTrust Financial Group in Mobile, Ala., has found a buyer.
By Alan KlineMay 29 -
Buoyed by strong revenue and loan growth, the U.S. operations of TD Bank Group in Toronto reported earnings of $358 million in the quarter that ended April 30, up 16% from the same period last year.
By Alan KlineMay 24 -
A small Florida bank has refused to sign an enforcement order that would require it to beef up its capital reserves and reduce its risk, and now its state regulator is asking the courts to step in.
By Alan KlineMay 24 -
In a Harvard Business Review op-ed, ex-Citigroup and Bank of America executive Sallie Krawcheck provides a glimpse of how she'd run a bank if given the chance.
By Alan KlineMay 24 -
Nearly a year after calling off a stock sale that would have sharply diluted the value of its shares, Independent Bank in Ionia, Mich., said it would instead raise capital by selling off a batch of branches.
By Alan KlineMay 23 -
State Street Corporation (STT) wants to bulk up in Europe and its chairman is telling investors that it is eyeing deals for the custody operations of the continent’s largest banks.
By Alan KlineMay 23 -
Howard Bancorp in Ellicott City, Md., is looking to raise up to $12.8 million through a combined stock sale and private placement and it intends to use at least some of the proceeds to pursue acquisitions.
By Alan KlineMay 23 -
Fifth Third Bancorp (FITB) has brought in an executive from global giant Standard Chartered Bank to head its international banking operations.
By Alan KlineMay 22 -
QNB Bank in Quakertown, Pa., announced Tuesday that its longtime chief executive is retiring at the end of this year and that its board has elected the bank’s president to succeed him.
By Alan KlineMay 22 -
Northeast Community Bancorp (NECB) in White Plains, N.Y., is opening a fourth branch in Massachusetts as part of its continued expansion in the suburbs surrounding Boston.
By Alan KlineMay 22 -
Umpqua Holdings (UMPQ) in Portland, Ore., continues to ramp up in commercial real estate lending at a time when many other banks are shying away from the sector.
By Alan KlineMay 22 -
Three prominent private-equity groups that already own significant stakes in Hampton Roads Bankshares (HMPR) have agreed to pump another $50 million into the Norfolk, Va., company.
By Alan KlineMay 22 -
FNB United (FNBN) in Asheboro, N.C., is planning to sell up to two million shares of its common stock in a move that could net it close to $60 million of fresh capital.
By Alan KlineMay 21 -
More than 100 former HSBC Bank branches across upstate New York and Connecticut are now operating as branches of First Niagara Bank.
By Alan KlineMay 21 -
National Bank Holdings in Boston is shifting its headquarters to Denver following a string of bank acquisitions in Colorado and nearby states.
By Alan KlineMay 18 -
Now that a proposal to give credit unions more business lending power has been tabled, banks and credit unions have resumed their long-running battle over taxes.
By Alan KlineMay 18 -
BankTennessee in Collierville has been released from a two-year-old enforcement order after it improved its capital ratios and sharply reduced its concentration of commercial real estate and construction loans.
By Alan KlineMay 18 -
More than two-dozen have already announced that would stop filing reports with the regulator and many more could follow as they aim to cut costs.
By Alan KlineMay 18 -
Capitol City Bank, a minority-owned bank in Atlanta that is under orders from its regulators to add fresh capital, is getting a shot in the arm from SunTrust Banks (STI).
By Alan KlineMay 17
