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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FTN Financial, the investment-banking arm of First Tennessee Bank, announced Wednesday that it has acquired Main Street Capital Advisors LLC, a boutique consulting firm that specializes in advising state and local governments.
By Alan KlineFebruary 1 -
For the first time in 20 years, Broadway Financial Corp. in Los Angeles has a new chief executive officer.
By Alan KlineFebruary 1 -
With two of its largest investors pressuring it to find a buyer, First California Financial Group Inc. in Westlake Village has hired an unnamed investment bank to help it explore its options.
By Alan KlineFebruary 1 -
With six acquisitions under its belt and a seventh in the works, the Los Angeles company strikes again with a deal for Phoenix business bank.
By Alan KlineFebruary 1 -
Zions Bancorporation's fourth-quarter earnings fell short of analysts' estimates as vastly improved asset quality could not offset declining interest income and a sharp drop in fee income.
By Alan KlineJanuary 23 -
Community Bank System Inc. in Syracuse, N.Y., is planning to raise $50 million in a stock sale primarily to fund its acquisition of 19 upstate New York branches from rival First Niagara Financial Group Inc.
By Alan KlineJanuary 23 -
Tennessee Commerce Bancorp has missed a regulatory deadline for improving its capital ratios and is now warning investors that it is likely to fail if it is unable to raise fresh capital or find a buyer.
By Alan KlineJanuary 23 -
Bank of the West in El Paso, Texas, is changing its name to WestStar Bank to avoid confusion with a much larger San Francisco bank that shares its name.
By Alan KlineJanuary 20 -
After buying four failed banks in less than two years, City National Corp. in Los Angeles is now eyeing acquisitions of healthier banks while it continues to pursue organic growth in its existing markets.
By Rachel Witkowski and Alan KlineJanuary 20 -
Four months after its planned sale to Texas investment group fell through, The Bank Arlington near Dallas has found another buyer.
By Alan KlineJanuary 20 -
The agreements with rivals Community Bank System and Financial Institutions Inc. would complete First Niagara's planned divestitures in connection with its blockbuster deal for much of HSBC Bank's retail franchise.
By Alan KlineJanuary 20 -
Vastly improved credit quality combined with respectable loan growth propelled Associated Banc-Corp to its most profitable quarter since Philip Flynn took over as chief executive two years ago.
By Alan KlineJanuary 19 -
With its expenses continuing to run above its long-term expectations, Huntington Bancshares Inc. said Thursday that is planning to close 29 free-standing branches across its six-state network during the first quarter.
By Alan KlineJanuary 19 -
Gateway Bancshares Inc. in Ringgold, Ga., is selling itself to rival First Volunteer Corp. in Chattanooga, Tenn., and its chief executive said that the decision was driven largely by the need for scale.
By Alan KlineJanuary 19 -
Glacier Bancorp Inc. in Kalispell, Mont., is planning to collapse its 11 bank subsidiaries into a single commercial bank in a move aimed at streamlining its operations and lowering its overall compliance costs.
By Alan KlineJanuary 19 -
Buoyed by improved asset quality and a surge in commercial loan originations, Webster Financial Corp. in Waterbury, Conn., said Thursday that its fourth-quarter net income jumped 63% from the same period in 2010, to $39.6 million.
By Alan KlineJanuary 19 -
In contrast to its more ambitious plan to expand in Florida through acquisitions, BB&T Corp. is taking a measured approach to growth in Texas.
By Alan KlineJanuary 18 -
Malvern Federal Bancorp Inc.'s stock price soared to its highest level since mid-summer Wednesday after the Paoli, Pa., company announced that it is converting from a mutual holding company to a 100% stock-owned company.
By Alan KlineJanuary 18 -
Western Liberty Bancorp in Las Vegas has established a new nonbank subsidiary to house problem assets of its bank subsidiary in a move it says will help it more quickly dispose of the troubled loans and improve its overall efficiency.
By Alan KlineJanuary 18 -
Landmark Bancorp Inc. in Manhattan, Kan., is buying Wellsville Bancshares Inc. in what would be its first bank acquisition in more than six years.
By Alan KlineJanuary 18
