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 Puerto Rican company added Daniel Frye, a former FDIC adviser, to its board.
Seacoast readily agreed to buy First Green Bank. The next step is determining which of the seller's programs, including car-charging stations and discounted rates for green projects, to keep.
Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis.
While the regulatory environment is more accommodating for big deals, many regionals still have their reasons for staying on the sidelines.
The Cleveland company reported higher investment banking income and kept many expense items in check during the second quarter.
The Los Angeles company's second-quarter profit also benefited from last fall's purchase of CU Bancorp.
Limited acquisition opportunities remain in the state's hottest markets, which will force buyers to pay bigger premiums or pursue deals elsewhere.
Good times end eventually. And it is inevitable that some new approach to banking will cause financial institutions to fall flat in a downturn.
While sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.
Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.