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.
CIC Bancshares sale to Heartland Financial reflect a good cultural fit between the companies, but it also shows how the sellers management team struggled to find a suitable way to provide shareholders with liquidity.
The Georgia company is ready to return to buying banks, but it isnt looking for a game changer. Rather, management wants to ease into consolidation by acquiring a smaller institution.
Loan-loss provisions are trending up, partly due to an increase in overall lending but also because lenders are concerned about future losses on loans tied to the energy and manufacturing sectors.
Synovus Financial in Columbus, Ga., reported higher quarterly earnings that reflected an increase in fee income and cost control.
Zions Bancorp. in Salt Lake City posted stronger third-quarter earnings from lower costs and higher fee income. The $58.4 billion-asset company said in a press release Monday that its earnings rose 6% from a year earlier, to $84.2 million, or 41 cents a share.
Community banks, frustrated that online and email marketing often gets overlooked, are trying to get people to engage with local businesses in hopes of landing more clients.
BofI Holding in San Diego is poised to end a tumultuous week, after a lawsuit accusing it of lax controls sent investors scurrying.
Regional banks did a much better job of expanding revenue than their megabank counterparts in the third quarter, but they had to spend more to do so and risk angering investors in a tight-margin environment.
KeyCorp in Cleveland posted higher third-quarter profits as revenue soared on growth in fee income from its investment banking business.
Executives at United Community in Georgia say they have a list of 50 targets as the company nears $10 billion in assets. A large transformative deal would also be considered.