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.
Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company.
Stilwell Group and Jeffrey Thorp will gain board seats in exchange for a vow to refrain from waging proxy battles against MB Bancorp.
Bank consolidation in the city has picked up in recent months despite erratic oil prices and flooding tied to Hurricane Harvey.
The Michigan company has been acquisitive lately, buying California branches and a wealth advisory firm.
The company could use proceeds from the planned offering to add branches and make bigger loans.
The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.
Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough.
As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.
Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market.
The company, which is planning to sell at least $25 million in stock, said in a presentation tied to the offering that it is well positioned for M&A.