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.
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.
The company paid roughly $939,000 to repurchase a warrant that would have allowed the Treasury Department to buy about 543,300 shares of BNC's common stock at $8.63 per share, BNC said in a regulatory filing Thursday.
The Federal Reserve Board has terminated written agreements with Capital Community Bancorp. in Provo, Utah, and Coconut Grove Bank in Miami.
The San Jose, Calif., company's new system that secures data in cloud implementations is broadening the array of products it supports.
Oak Bank of Chicago plans to use the Premier core processing platform, as well as Fiserv products for mobile banking, branch capture and merchant source capture.
Capital Bank Financial and National Bank Holdings priced their initial public offerings below the ranges they gave last week. Other banking companies have struggled in the IPO market this year.
Oregon Pacific Bancorp in Florence has raised almost $2.4 million through a private placement of common stock to unnamed accredited and institutional investors.
Regions Bank is including its cash-back program in all its new mobile apps.
A federal judge has thwarted efforts by African-American consumers to proceed with a class-action lawsuit against Option One Mortgage in which the plaintiffs alleged that they were charged higher fees on home loans than white borrowers were.
Lynn Harton has held key titles at South Financial, Regions Financial and BB&T. As South Financial's CEO, he helped orchestrate the South Carolina company's sale to TD Bank.
Cullen/Frost Bankers will close four branches in the Rio Grande Valley this fall. The company gained the branches after it bought the parent company of the $401 million-asset Alamo Bank of Texas in 2006.
