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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Hugh Long, the president of Wells Fargo's (WFC) Pennsylvania and Delaware market is leaving the post to become the bank's new head of business banking.
By Alan KlineApril 3 -
Signaling their optimism about the state of the economy, many bankers are predicting that problem loans will moderate and consumer lending will perk up over the next six months, according to a new FICO survey released Tuesday.
By Alan KlineApril 3 -
Signature Bank (SBNY) in New York has launched a new specialty finance company and has hired a team of executives away from rival Capital One Financial (COF) to run it.
By Alan KlineApril 3 -
Consumers are becoming less satisfied with their credit cards rewards programs as conditions such as expiration dates and spending minimums have diminished the experience, according to a new survey.
By Alan KlineApril 3 -
Bank of America (BAC) has hired more than 90 small-business lenders in the Southeast as part of a broader push to add 1,000 relationship bankers throughout the country by the middle of the year.
By Alan KlineApril 3 -
First Savings Bank Northwest in Renton, Wash., has been released from a formal enforcement order with its regulators after substantially reducing its problem loans and demonstrating that it can earn money on a consistent basis.
By Alan KlineApril 2 -
Shares of Doral Financial (DRL) shot up Monday after the San Juan, P.R., company said in its annual report that the reclassification of a previously reported tax overpayment will result in a significant boost to its capital levels.
By Alan KlineApril 2 -
The Nasdaq stock exchange has warned Enterprise Financial Services Corp. (ESFC) in St. Louis that its stock is in danger of being delisted because the company has yet to file its 2011 annual report with the Securities and Exchange Commission.
By Alan KlineApril 2 -
Three weeks after completing an acquisition for one small Pennsylvania bank, S&T Bancorp in Indiana, Pa., has struck a deal for another.
By Alan KlineMarch 30 -
Wilshire Bancorp in Los Angeles has exited the Troubled Asset Relief Program by repurchasing the bulk of its shares it issued to the Treasury Department at a slight discount.
By Alan KlineMarch 29 -
A small Florida bank whose shares are so thinly traded that they are in danger of being delisted is suddenly one of the hottest stocks on the Nasdaq — and its president has no idea why.
By Alan KlineMarch 29 -
Zions Bancorporation (ZION) in Salt Lake City said Thursday that its first-quarter earnings will be reduced by roughly 11 cents per share as a result of its repayment of $700 million to the Troubled Asset Relief Program.
By Alan KlineMarch 29 -
Capitol Bancorp's losses narrowed in 2011, but the Lansing, Mich., company remains deeply troubled as its equity deficit continues to widen.
By Alan KlineMarch 29 -
The former chairman and chief executive at Citizens Republic Bancorp in Flint, Mich., has been elected lead independent director at Royal Bancshares of Pennsylvania.
By Alan KlineMarch 29 -
Coming off two straight profitable quarters and flush with capital from its recent public stock offering, HomeStreet Bank (HMST) in Seattle is back in the good graces of its regulators.
By Alan KlineMarch 28 -
Three years after shutting down its indirect automobile lending unit because it lacked scale, First Niagara Financial Group (FNFG) in Buffalo is jumping back into the business in a big way.
By Alan KlineMarch 28 -
Continuing its expansion in the suburbs of Washington, D.C., Eagle Bancorp (EGBN) in Bethesda, Md., has opened a pair of residential loan offices in Maryland and Virginia.
By Alan KlineMarch 28 -
Tompkins Financial in Ithaca, N.Y., is planning to raise $30 million in a secondary stock offering and may use the proceeds to redeem securities issued to VIST Financial through the Treasury Department's Troubled Asset Relief Program.
By Alan KlineMarch 27 -
CenterState Banks (CSFL) in Davenport, Fla.., is looking to slim down after spending much of the last three years bulking up through acquisitions.
By Alan KlineMarch 27 -
Capital Bank Financial, a Miami company formed two years ago to buy distressed banks in the Southeast, has struck a deal to acquire Southern Community Financial (SCMF) in Winston-Salem, N.C., for $48.4 million.
By Alan KlineMarch 27
