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.
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.
Citizens Community Bank in South Hill, Va., has named James R. Black, who has been its chief financial officer since May 2007, as its president and chief executive officer.
International Bancshares in Laredo, Texas, reported lower income as its net interest margin contracted. The company's third-quarter earnings fell more than 19% from a year earlier, to $22 million.
BMO Harris Bank has extended its agreement with technology partner Fidelity National Information Services for five years.
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Wells Fargo (WFC) is looking to fill more than 165 positions throughout the state of Washington as it gears up for the holiday season.
MainStreet Bank in Fairfax, Va., has established an aircharity account to collect donations for recovery efforts from Hurricane Sandy.
Bank of Virginia (BOVA) in Midlothian has extended its rights offering deadline because of the aftermath of Hurricane Sandy.
Stifel Financial (SF) in St. Louis has agreed to buy KBW (KBW) for more than $575 million in cash and stock.
Camco Financial (CAFI) in Cambridge, Ohio, has processed the rights subscriptions for roughly $9.4 million of its common stock.
The California Department of Financial Institutions has lifted a memorandum of understanding against Hanmi Bank after the Los Angeles institution's condition improved.
Commerce Bancshares (CBSH) in Kansas City, Mo., will issue a special dividend ahead of a potential increase in dividend tax rates.
Regions Financial (RF) will redeem roughly $345 million in trust-preferred securities using proceeds from a recent preferred stock offering.
First Republic Bank in San Francisco has agreed to buy Luminous Capital Holdings. Luminous, an independent wealth advisor based in Los Angeles, provides investment advice and asset allocation, including alternative investments, to high-net-worth individuals, family offices and foundations.
The banking unit of 1st Colonial Bancorp (FCOB) in Collingswood, N.J., has converted to a state charter and changed its name.
Oriental Financial Group in San Juan, Puerto Rico, has priced its public offering of preferred shares that will help fund its purchase of Banco Bilbao Vizcaya Argentaria's Puerto Rican operations.
