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 Cleveland company acquired the business through its 2016 purchase of First Niagara Financial Group.
Renasant is requiring Brand Group to sell $55 million in classified loans before closing the deal, while attaching an incentive for the seller to get as much as possible for those sales.
The Mississippi company will gain nearly $2 billion in loans after it buys Brand Group Holdings.
Optimism that the #MeToo movement will have a positive influence is high among bankers who participated in a recent survey on sexual harassment. But there is also concern that it could lead to gender discrimination in hiring and mentoring.
A recent acquisition that was highly dilutive, and a lack of suitable mutual targets, could spur HarborOne Bancorp to pursue a second-step conversion.
More buyers, spurred by increased lending and an improved economy, are pursuing deals for banks with an abundance of cheap deposits.
Independent Bank Group said the firms had become shareholders after it bought Carlile Bancshares last year.
Financial Institutions, the parent of Five Star Bank, was hit with a "needs to improve" rating after a review of its activities from 2011 to 2013.
BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.
A customer is claiming that the Chicago bank operates a "predatory" overdraft fee program.