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.
BB&T (BBT) will lay off as many as 365 employees in connection with its acquisition of BankAtlantic in Fort Lauderdale, Fla., according to a filing with the state government.
Pulaski Financial (PULB) in St. Louis has repurchased almost a quarter of the preferred stock it had issued to the Treasury Department under the Troubled Asset Relief Program and that was subsequently sold to private investors in an auction.
SunTrust Banks (STI) said Wednesday that the Federal Reserve Board did not object to its revised capital plan.
Malvern Federal Bancorp (MLVF) in Paoli, Pa., will raise up to roughly $36.4 million by converting to a 100% stock-owned company from a mutual holding company.
Broadway Financial's (BYFC) woes continued as the Los Angeles company said that its financial results for 2011 and the first quarter of this year will have to be revised and could no longer be trusted.
Mobile check deposit for businesses is in development at Popular Community Bank.
Preferred Bank (PFBC) in Los Angeles has added the role of president to the responsibilities of its chief operating officer, Wellington Chen.
First PacTrust Bancorp (BANC) has landed another deal and a co-chief executive.
The Federal Reserve did not object to a revised capital plan from Fifth Third Bancorp (FITB) that included a potential divided increase and repurchase of common stock.
The private-equity firm Lovell Minnick Partners has invested $50 million in TriState Capital Holdings in Pittsburgh.
Merger will allow the trading software vendor to broaden its range of business intelligence offerings.
Business apps have all the same features provided to consumers in existing mobile apps.
First Midwest Bank in Itasca, Ill., has expanded its ATM network by joining the Allpoint Network.
Ellington Financial in Old Greenwich, Conn., has raised roughly $76.7 million through a public offering and will use the funds to acquire securities and loans.
HomeStreet Bank in Seattle has added the U.S. Small Business Administration loans to its menu of services for small and middle-market companies in the Puget Sound region.
M&T Bank (MTB) has opened a new energy-efficient branch in Newburgh, N.Y., as part of a $10 million investment initiative in the Hudson Valley area.
First Financial Bank is working with NCR to upgrade and replace more than 135 ATMs across its three-state footprint.
The U.S. Bank Business Visa Charge Card has no annual or monthly fee and helps small businesses build their credit, manage cash flow and earn rewards, U.S. Bank, a unit of U.S. Bancorp (USB), said Monday.
Meta Financial Group (CASH) in Storm Lake, Iowa, will raise $34.2 million through the private placement of stock to a group of investors and will use the funds to recapitalize its bank and support growth.
Washington Federal (WAFD) in Seattle has sold $2.4 billion of fixed-rate mortgage-backed securities and prepaid $876 million in long-term debt.
