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.
Stilwell Group, which has been pressuring the Ohio company to sell itself, fell 36,000 votes shy of taking a board seat.
The California Reinvestment Coalition is pressing regulators to reject the $700 million bank merger unless PacWest commits more resources to underserved groups in Southern California.
The Louisiana company's board has made it clear that independence is "not a God-given right" and wants new management to address energy loan issues, underwriting, capital and expenses.
The New York company, which plans to raise about $40 million by going public, could also use the funds to make acquisitions.
More than half of the company's loans and deposits would be in the Atlanta area after it buys Resurgens Bancorp.
The company was set to sell a 24% stake in itself to buy two Tennessee banks but has restructured the arrangement to avoid a potential conflict cited by a regulator.
Bankers, directors and other large investors are unloading millions of shares as bank stocks stay close to all-time highs.
Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets.
A strong economy, an abundance of small businesses and a shakeout from industry consolidation are making the area between Los Angeles and San Diego appealing to bank organizers.
The bank will have $700 million in assets under management after it buys HJ Wealth Management in Pennsylvania.