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.
Heartland Bank had been operating under a regulatory order from the Fed since December.
Several banks and industry groups are pledging money to help bankers and their clients recover from the hurricane and its aftermath.
Their immediate effort is to ensure colleagues and clients are safe and that banking services are available to hurricane victims. The next big issue is preparing for the financial hit banks and customers will take from wind and water damage.
Many financial institutions have activated their emergency centers, closed branches and stocked ATMs in advance of landfall.
The parent of State Bank in New Hampton has agreed to buy the holding company for Peoples Trust & Savings Bank.
Bank of the Ozarks, Home BancShares and Simmons First have used acquisitions and a business-friendly environment in their home state to become regional powers.
The $1.5 billion-asset company agreed to buy Southern Missouri Bancshares to expand into two strategically important markets.
Approval from the Federal Reserve is the last remaining hurdle for the $2.2 billion transaction.
Three years after guiding the Baltimore bank through bankruptcy, the group that recapitalized it found a similar institution eager to form a new partnership.
The Baltimore bank, which was on the brink of failure before a group recapitalized it, is selling itself to Howard Bancorp.