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.
Shares for M&T Bank Corp. (MTB) rose Wednesday after the Buffalo, N.Y., company reported that third-quarter income climbed 66%, to $273.9 million, from a year earlier.
Third-quarter earnings rose more than 19% at Comerica (CMA) in Dallas from a year ago but fell short of expectations.
Third-quarter earnings at Taylor Capital Group (TAYC) more than doubled to $15 million from last year as mortgage banking revenue continued to soar.
Sterling Financial in Spokane, Wash., said that two lawsuits filed over its bank's overdraft fees have been dismissed.
Park National (PRK) in Newark, Ohio, warned that a loan chargeoff may lower earnings per share for the third quarter by as much as 41%.
BofI Holding (BOFI) in San Diego plans to raise $18.6 million through a private placement of preferred stock.
Lakeland Bancorp (LBAI) in Oak Ridge, N.J., posted third-quarter profit of $5.5 million, up more than 14% from a year earlier as nonperforming assets and noninterest expenses declined.
River City Bank in Sacramento, Calif., has named a payments-technology veteran to its board of directors.
Fast-growing State Bank and Trust in Macon, Ga., has purchased substantially all of the assets of Altera Payroll, a payroll services company, to diversify its revenue stream.
Gresham Computing has released a new version of its Clareti Transaction Control platform.
Commerce Bancshares (CBSH) in Kansas City, Mo., reported that third-quarter earnings rose about 1%, to $66 million, from a year earlier as loan demand increased.
Pacific Premier Bancorp (PPBI) in Costa Mesa, Calif., has agreed to pay roughly $53.7 million to acquire a niche bank to help fund future loan growth.
Third-quarter earnings at Intervest Bancshares (IBCA) fell roughly 15%, to $2.2 million, from a year earlier as the New York company shrunk its balance sheet.
The new version of Misys' software can help banks deal with new requirements for legal entity identifiers.
Paul Cronin succeeds Diane D'Erasmo as HSBC's chief of corporate banking for the Northeast and New York City.
Mortgages guaranteed by the Department of Veterans Affairs reached their highest level since 1994 after rising by 50% in the most recent fiscal year.
The American Civil Liberties Union filed a lawsuit against Morgan Stanley (MS) on Monday, accusing the investment bank of encouraging a subprime lender to make risky loans to African-American borrowers in Detroit.
The asset management unit for Fifth Third Bancorp has agreed to sell some assets to three of its executives.
A unit of EverBank Financial (EVER) has hired a former U.S. Bank sales manager as the Jacksonville, Fla., company continues to diversify its business.
The retail services business of Alliance Data Systems (ADS) has signed a long-term agreement to continue providing the private-label credit card program for home furnishings retailer Crate & Barrel.
