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.
Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.
The low-cost deposits that come with the deal for 52 Wells branches in four states should fund the Michigan company's effort to become a commercial lender.
The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant.
A lack of talent, capital and good business planning proved fatal for bank organizers in California and Georgia.
Blue Gate Bank, which opened in January 2017, is being sold to Big Poppy Holdings.
Independent Bank had no intention of expanding outside Texas until it gained a few stray branches in a neighboring state.
The Pennsylvania company agreed to pay $17 million for Community First. It is Emclaire's third bank acquisition deal since early 2016.
An activist investor, which opposed two director nominees, failed to obtain the legally required approval from the Seattle company's state bank regulator before launching its challenge.
MapleMark Bank, which was known as First National Bank of Edgewood when it was bought by an investment group last year, will use the funds to support commercial lending and private banking.
The high multiple Fifth Third is paying for MB Financial raises questions about whether it can cut enough costs, realize enough growth and win over skeptical investors.
Capitol Federal Financial has mostly relied on mortgages throughout its history. Its acquisition of a commercial lender will change that.
Mutual of Omaha Bank's purchase of Synergy One Lending will add reverse mortgages to its product line.
The California company ended up selling 1 million more shares than it had originally planned to offer.
Subordinated debt issuance, which took a back seat as bank stocks surged, could regain popularity as growth-minded banks become leery of market uncertainty.
A New Jersey community bank has launched a campaign that takes digs at the megabank while highlighting its own values. Should others follow its lead?
Christopher Bergstrom led Cardinal Financial when it sold itself to United Bankshares in 2017.
It might make sense to scrap a decades-old name, especially for banks with aggressive growth plans.
Dan Rollins engineered nearly a dozen deals while at Prosperity Bank. Now CEO at BancorpSouth, he has returned to M&A after spending four frustrating years dealing with compliance issues.
Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale.
The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter.