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.
PremierWest had to sell because it could not raise the "sizable" amount of capital it needed to go on, its CEO says.
Heartland Financial (HTLF) in Dubuque, Iowa, reported that third-quarter earnings more than tripled from a year earlier.
State Bank Financial in Atlanta has named one of its founding shareholders and current board member as its vice chairman and president.
An increase in commercial lending boosted quarterly earnings at Provident New York Bancorp in Montebello, N.Y.
The Treasury Department has appointed C. Wayne Crowell to the board of Intervest Bancshares (IBCA) in New York.
First Banks, a $6.5 billion-asset company, posted third-quarter earnings of $8.5 million, compared with a net loss of $2.1 million a year earlier.
Bank of New York Mellon (BK) is the latest bank to announce plans to redeem its outstanding trust-preferred securities.
Authorities have charged real estate developer Michael Pouls, whose mansion was featured on the TV show "Teen Cribs," with defrauding National Penn and the former Wilmington Trust.
Old National Bancorp (ONB) in Evansville, Ind., posted higher third-quarter income from a year earlier as it cut noninterest expenses.
CFS Bancorp (CITZ) in Munster, Ind., reported that its third-quarter income climbed from a year ago as it cut noninterest expenses and lowered its nonperforming assets.
Kelly S. King, the chairman and chief executive of BB&T (BBT), has been appointed to the Federal Advisory Council.
Cattail Bancshares in Atwater, Minn., has finally landed a deal after several years on the prowl. The $120 million-asset company has agreed to buy the $61 million-asset Citizens State Bank of Waverly.
Ally Bank has started to explore strategic alternatives for its business lending operations and its servicing rights on agency mortgages.
Investors Bancorp (ISBC) in Short Hills, N.J., reported higher third-quarter earnings because of loan growth and better credit.
Yadkin Valley Financial has raised $45 million through a private placement and said it will use the funds to "complete strategic classified asset disposition sales."
Third-quarter income at Susquehanna Bancshares (SUSQ) more than doubled as loan growth soared, partly from two recent acquisitions.
Texas Capital Bancshares (TCBI) relied on loan growth and fee income to offset pressure on its net interest margin during the third quarter.
New York Community Bancorp (NYB) in Westbury, N.Y., barely beat expectations for its third-quarter earnings and reported a lower net interest margin.
Pacific Continental (PCBK) in Eugene, Ore., has agreed to buy Century Bank for $13.4 million in cash.
Third-quarter income rose slightly for UMB Financial (UMBF) as the Kansas City, Mo., company reported higher average loan balances and noninterest expenses.
