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, which bought BNC Bancorp to enter North Carolina last year, recorded $19.1 million in merger-related expenses and an $8.3 million pretax loss tied to investment securities.
The activist investor, which has pressured the company in the past to find a buyer, fell short in an attempt last year to gain representation.
The Tennessee company has been buying banks in smaller markets and college towns where it rarely has to compete with financial giants.
Jose Vazquez Jr., who previously worked for Popular Community Bank, will oversee commercial lending and treasury management services.
Lower taxes mean more earnings, higher capital levels and perhaps a psychological boost for buyers.
Neff, who joined the company in 1999, gained oversight of retail banking with the promotion.
The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank. Its CEO has to clear those hurdles and convince investors steady growth is ahead.
David Becker is trying to prove to investors that his Indiana bank can succeed over the long term. With the rise of online banking and fintech firms, Becker is a community banker worth watching in the new year.
Banks are looking for ways to capture and retain deposits as interest rates rise, including promotional offers and focusing on relationship banking.
The market for initial public offerings was the best since 2014, reflecting a surge in bank stocks and a need to fuel expansion plans.