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.
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.
Trustmark National Bank has purchased a web-based check capture and processing product from Fiserv.
Wells Fargo has hired Terese Rowe, an expert in credit risks tied to fruit, fish and other agribusinesses, to head one of its ag-related units in anticipation of increased world demand for food.
First BanCorp in San Juan, Puerto Rico, reported its second straight quarterly profit. The company earned $19.1 million in the third quarter, compared with a net loss of $24 million a year earlier.
Camco Financial (CAFI) in Cambridge, Ohio, has extended its rights offering deadline by one day because of the effects of Hurricane Sandy.
Operations began to return to normal for several large banks on Wednesday in areas hard hit by Hurricane Sandy.
GoldenSource has partnered with Compliance Technologies International to develop an end-to-end Foreign Account Tax Compliance Act product for financial institutions.
Community & Southern Bank in Atlanta is launching a mobile banking app that includes a mobile deposit feature.
EMC has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.
Operations began to return to normal for JPMorgan Chase and Bank of America on Wednesday in areas hard hit by Hurricane Sandy.
First Midwest Bancorp (FMBI) in Itasca, Ill., reported a third-quarter loss after it too steps to resolve $223 million of nonperforming and potentially problem loans.
An increase in mortgage banking revenue contributed to an increase in third-quarter earnings at BOK Financial (BOKF) in Tulsa, Okla.
The retail services unit of Alliance Data Systems (ADS) has signed a long-term agreement to provide a private-label credit card program for RainSoft, a company that sells water and air purification products.
EMC (EMC) has agreed to buy Silver Tail Systems, a privately held company that helps clients fend off fraudsters and Web-based attackers.
BNC Bancorp (BNCN) in High Point, N.C., reported lower third-quarter income because of costs related to recent acquisitions.
Swift, the international payment messaging group that has long sought to increase membership among "corporates," announced that more than 1,000 corporations have joined its corporate treasury user community.
