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.
Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound.
John Kimberly, who was CEO of a bank that CAB bought in 2014, is set to take the helm on Jan. 1.
The deal includes roughly 120 client relationships. Employees in CenterState's trust department will join Cypress Trust.
MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes.
The fires are raging in Los Angeles and Ventura counties, prompting California's governor to declare a state of emergency.
Columbia Financial will sell about 43% of its stock in a public offering that could raise up to $493 million.
Eagle Bancorp vigorously defended itself after a potential short seller made claims of dubious insider dealings, pushing back harder than many banks have in the past.
Eagle is trying to debunk claims by Aurelius Value that CEO Ronald Paul and other directors are involved in an insider loan scheme. Eagle dismissed the report as an effort by short sellers to manipulate its stock.
The $528 million acquisition ends months of speculation that the foreign-owned banks were pursuing a deal.
Five years have passed since M&T agreed to buy Hudson City, only to be tripped up by anti-money-laundering issues. With a clean bill of health from regulators and Hudson integrated, management is again talking about its interest in deals.