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.
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.
Bank of America (BAC) has hired more than 130 bankers in Florida as part of a lager plan to bulk up its services for small-business owners.
Metro Bank in Harrisburg, Pa., will pay $1.5 million to settle claims that it violated the Bank Secrecy Act.
The retail services business for Alliance Data Systems (ADS) has signed a long-term agreement to provide co-branded credit card services to resort developer Westgate Resorts in Orlando, Fla.
First Capital (FCAP) in Corydon, Ind., will record a pretax charge of $650,000 for the third quarter tied to a voluntary early retirement program.
PNC is among several banks aiming to boost visibility on college campuses in hopes of attracting young consumers who many not have a dime to their names now but could be high earners down the road.
