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.
Montana's biggest bank will have to compete in cities such as Seattle and Portland, Ore., after buying Cascade Bancorp. But the company is arguably more excited about its chances to grow in central Oregon and Idaho, which are more like its existing markets.
The Farm Service Agency and the Small Business Administration seem to be taking longer to approve guarantees for loans to facilities that house livestock, creating another headache for bankers.
New York Community's acquisition of Astoria Financial will not get the necessary regulatory OK this year, but both parties remain committed to the transaction, the CRE-heavy acquirer said.
Will another reason for market fluctuations hurt stock-heavy merger agreements? Will the promise of lighter regulation give buyers more time to chase deals, or encourage prospective sellers to stay independent? The wheels are already turning in the minds of dealmakers after Trump's defeat of Clinton.
Zions Bancorp. in Salt Lake City disclosed that it had entered into a "substantive settlement discussion" with the Justice Department regarding an probe into its payment-processing practices.
Prosperity Bancshares is hopeful it will be able to announce its next bank deal in the near future. Such chatter provides hope that Texas banks are moving past oil concerns and renewing merger talks.
Consumer compliance was already an important issue for regulators who vet bank deals, but it is expected to move up on their priority list after Wells' phony-account saga. Banks that seek M&A approvals should make sure their cross-sale and incentives policies along with those of their targets are bulletproof.
The Bancorp's stock fell nearly 15% Friday after the Wilmington, Del., company reported a large quarterly loss tied to a bad commercial real estate loan.
Iberiabanks stock fell in morning trading after the Lafayette, La., company posted third-quarter profits that missed expectations.
The regulatory environment could be looking brighter for New York Community Bancorp as it is poised to cross an important regulatory threshold.