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.
More regional and community banks have selling noncumulative perpetual preferred stock to bolster Tier 1 capital and fund expansion.
Banks in the Southeast are continuing to shrink their loan portfolios as they grapple with past miscues.
A number of regional and community banks — including PNC, Fifth Third and Huntington — are working with the Michigan Economic Development Corp. to provide $30 million in funding to small businesses.
Smaller banks have historically shied away from equipment finance because it requires a lot of expertise that typically has an up-front cost. But a desire to book assets at higher yields has made the business more attractive, industry experts say.
Smaller banks cannot afford to support high-density branch networks as economic challenges persist.
Smaller banks are beginning to see more revenue from service charges as they experiment with new fees and products.
James Abbott, recently named the best investor relations professional for mid-cap banks, understands what analysts need to know about Zions because he used to be one of them.
By and large, banks that operate in states with high deposit rates should also benefit from increased lending activity, a study finds.
Zions Bancorp., in Salt Lake City, took an $84 million charge related to trust-preferred collateralized debt obligations last quarter, but experts say it will pay off. Better loan totals help, too.
Zions Bancorp. (ZION) posted lower fourth-quarter earnings after taking a big charge on its holdings of collateralized debt obligations.
Persistent challenges such as margin compression and rising expenses will eventually force more banks to sell.
Stimulus spending and Obamacare are making health care a viable way for banks to diversify their loan portfolios.
Cost-cutting is ahead of schedule at KeyCorp, CEO Beth Mooney said. But analysts asked whether the Cleveland bank is doing enough.
The Columbus, Ga., company reported higher quarterly earnings, helped by a $800 million deferred tax asset, and quieted M&A talk for now.
A breakup perhaps has never ended so well as when the local investors bought out Capitol Bancorp's majority stake in three Colorado banks more than two years ago.
Synovus Financial posted stronger fourth-quarter earnings after it recaptured substantially all of the value of its deferred tax asset.
The fast-growing Berkshire Bank in Pittsfield, Mass., hopes that features like community rooms with video-game systems will attract customers as it enters new markets.
Suffolk Bancorp of Riverhead, N.Y., continues to reinvent its management team, this time hiring James Gay as its chief credit officer.
Examiners are starting to ask community banks for explain how their technology and staffing are prepared to handle disaster recovery.
The Consumer Bankers Association is warning banks that they will face challenges booking loans while also competing with nonbanks in areas such as prepaid cards.