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.
ME Bank in Melbourne, Australia, will use software from Temenos to support its growth over the next three years.
First Niagara Financial Group (FNFG) is expanding its mortgage operations. The Buffalo, N.Y., company is scheduled to open a processing center next month in Syracuse and hire more than two dozen employees to staff it.
The move should improve liquidity for the $1.3 billion-asset Chemung's shares, Ronald M. Bentley, Chemung's president and chief executive, said in a news release Wednesday.
Naugatuck Valley Financial (NVSL) in Connecticut has named a longtime financial manager to become its interim chief financial officer.
Trillium Asset Management and AFSCME Employees Pension Plan complain that Citigroup's stock price is still too low and it needs to explore the sale of additional business units.
Visa's (NYSE: V) new digital wallet service, V.me, will be available to the financial institution clients of The Members Group.
Commercial and multifamily mortgage originations fell in the third quarter from a year earlier because of less lending for retail and office properties.
ICBA Bancard has partnered with Visa (NYSE:V) for the credit card company’s digital wallet service, V.me.
Howard Bluver, the chief executive of Suffolk Bancorp (SUBK), wasted little time in delivering on his promise to diversify its balance sheet.
CIT Group (CIT) in Livingston, N.J., has launched a unit that will originate and underwrite financing for seafaring vessels.
CTS North America will provide additional security features through its scanners to branch technology provider BLM Technologies for customers who face a high potential for check fraud, such as payday lenders and healthcare service providers.
United Community Financial's (UCFC) third-quarter loss tripled from last year after a $33 million charge related to a bulk loan sale. The Youngstown, Ohio, company reported a loss of $26.9 million, compared with an $8.9 million loss a year earlier.
Renaissance Credit, a microfinance institution in Lagos, Nigeria, has launched a cloud-hosted core banking system from Temenos.
Polonia Bancorp in Huntingdon Valley, Pa., has finished its stock offering and second-step conversion to a stock-owned company.
The board of 1st Mariner Bancorp has withdrawn from a long delayed securities purchase agreement with a New York investment firm that would have injected badly needed capital into the Baltimore company.
First Citizens BancShares (FCNCA) in Raleigh, N.C., postedlower third-quarter profit from the same period last yearafter recording a gain from an acquisition.
Provident Financial Holdings (PROV) in Riverside, Calif., has increased its fiscal-year first-quarter earnings after uncovering an accounting error.
MoneyGram International has set aside $100 million for victims of consumer fraud scams as part of an effort to settle an investigation by the Justice Department and U.S. Attorney's Office for the Middle District of Pennsylvania.
The bank for Great Southern Bancorp (GSBC) in Springfield, Mo., has agreed to sell its travel agency and insurance units so it can focus on its core business.
Even though a significant number of consumers have heard of mobile person-to-person payments, current usage of this technology remains limited, a new report found.
