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.
Unable to find an acquisition or other expansion opportunity that it likes, Trinity Bank in Fort Worth, Texas, will pay a special onetime dividend to shareholders.
Flushing Savings Bank has filed an application with regulators to combine with its subsidiary, Flushing Commercial Bank, under a New York commercial bank charter.
MLV & Co. Financial has struck a deal to buy a stake in an investment advisor in Connecticut and promises more acquisitions to come.
1st Constitution Bancorp (FCCY) in Cranbury, N.J., has raised roughly $5 million through a rights offering.
Robert M. Wilson, the president and chief executive of Cambridge Savings Bank, will resign from the Massachusetts company after having taken a medical leave earlier this year.
LCNB (LCNB) in Lebanon, Ohio, would expand into two new counties with its agreement to buy First Capital Bancshares in Chillicothe, Ohio, for roughly $19.6 million in stock and cash.
Fitch Ratings warned of a possible downgrade of Ocwen Financial after the Atlanta company agreed to buy Homeward Residential Holdings from WL Ross & Co.
Trustmark in Jackson, Miss., does not expect to get regulators to OK its takeover of BancTrust in Mobile, Ala., until late this year or early next year.
Raymond James is moving server farms from Florida to Denver in the hopes of avoiding natural disasters.
The Federal Deposit Insurance Corp. has lifted a cease-and-desist order against Twin City Bank after it raised fresh capital.
State Street, in a new program with the University of Massachusetts Amherst, will hire 100 students part time to perform certain back-office jobs and support business lines across the company.
Bank of America is said to be testing mobile payments using quick response codes with five Charlotte merchants.
MainSource Bank in Greensburg, Ind., has agreed to buy the assets managed by Krumme and Brock Investment Services in Seymour, Ind. The employees of the Krumme firm, including owners Galen Krumme and Cliff Brock, would join MainSource Bank's wealth management division.
Tri Counties Bank in Chico, Calif., will pay as much as $2.5 million to settle a class-action lawsuit that claims it failed to properly pay overtime.
An unnamed investor will inject $5.5 million into the troubled Anchor Commercial Bank in North Palm Beach, Fla., through a subscription agreement.
Umpqua Bank will open its first retail branch in San Jose early next year as part of its continued expansion in the Bay Area.
Naugatuck Valley Financial in Connecticut has named William C. Calderara its president and chief executive.
MidSouth Bancorp (MSL) in Lafayette, La., is expanding northward with an agreement to buy PSB Financial in Many, La., for $39 million.
Wells Fargo, one of the banking companies that has settled charges of mistreating military customers, has created a new military services program and promoted Maj. Jerry Quinn to lead it.
Swift, the interbank messaging organization, plans to hire more than 100 employees for its new corporate services center in the Asia-Pacific region.
