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.
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The board of 1st Mariner Bancorp has withdrawn from a long delayed securities purchase agreement with a New York investment firm that would have injected badly needed capital into the Baltimore company.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.
California Republic Bancorp (CRPB) in Newport Beach, Calif., has completed a securitization of nearly $183 million of prime indirect automobile loans.
Pan American Bank didn't let President Obama rest the day after his reelection. It urged him in a video Wednesday to make financial literacy and serving the unbanked a priority.
Yorktown Financial Holdings in Tulsa, Okla., has agreed to buy CNBO Bancorp in Pryor, Okla.
Enterprise Financial Services (EFSC) in St. Louis, Mo., has repurchased the $35 million of preferred stock it had issued to the Treasury Department under the Troubled Asset Relief Program.
Heritage Oaks Bancorp's (HEOP) chief financial officer has resigned and the Paso Robles, Calif., company has named an interim replacement.
Two months after the resignation of its chief executive, First PacTrust Bancorp (BANC) is poised to switch chief financial officers.
The Federal Reserve Board has ended a written agreement with Boscobel Bancorp that required the Wisconsin company to serve as a source of strength for its Community First Bank.
Payments provider Elavon will use Ingenico's new Telium2 series countertop and wireless terminals for its customers in the U.S. and Puerto Rico.
Regions Financial is the latest banking company to offer specialized services for military personnel and veterans.
In its $175 million offering, the $24.4 billion-asset City National is selling 7 million depositary shares at $25 each, the company said Monday. Each depositary share represents a one-fortieth interest in a Series C preferred share.
