Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
The company was set to sell a 24% stake in itself to buy two Tennessee banks but has restructured the arrangement to avoid a potential conflict cited by a regulator.
Bankers, directors and other large investors are unloading millions of shares as bank stocks stay close to all-time highs.
Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets.
A strong economy, an abundance of small businesses and a shakeout from industry consolidation are making the area between Los Angeles and San Diego appealing to bank organizers.
The bank will have $700 million in assets under management after it buys HJ Wealth Management in Pennsylvania.
Some advisers are urging acquirers to strike while they have strong currencies, while others are warning about the risk of overpaying. Sellers, meanwhile, must be wary of a correction after months of surging prices.
Hadley Robbins succeeded Melanie Dressel, who died unexpectedly on Sunday. Columbia will begin a search for a permanent CEO.
Columbia Banking's CEO, who died unexpectedly on Sunday, was a thoughtful and tenacious leader who leaves a legacy of turning a small Washington bank into a regional power in the Pacific Northwest.
The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives.
The Florida company, which hit an aggressive profit goal last year, is planning its first investor day later this month to outline longer-term goals.