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.
Automobile finance firm Global Lending Services has acquired subprime auto loan originator, Resurgent Auto Finance, and has secured fresh capital for growth.
Simmons First National (SFNC) in Pine Bluff, Ark., has outlined a succession plan as it readies for the retirement of its chairman and chief executive, J. Thomas May.
The Floyd, Va., company posted a big loss after purging its balance sheet and absorbing costs of a May proxy battle. The fight, led by Douglas Schaller, brought in three new directors and the accelerated departure of Cardinal's longtime CEO.
Home BancShares, in Conway, Ark., has agreed to pay $1.4 million for Premier Bank in Tallahassee, Fla. Premier's parent is in bankruptcy proceedings, which could spur rival bids for Premier.
Site will let customers share software add-ons they create for the Episys platform.
United Community Financial (UCFC) in Youngstown, Ohio, reported its third straight quarter of profitability as asset quality improved.
Mackinac Financial (MFNC) in Manistique, Mich., has raised roughly $11.6 million through a rights offering and the sale of common stock to an investor.
Wells Fargo will pay more than $6.5 million to settle claims with the Securities and Exchange Commission that its brokerage firm and a former executive did not properly disclose risks related to investments tied to mortgage-backed securities.
National Penn Bancshares in Boyertown, Pa., has completed restructuring $400 million of fixed-rate borrowings with the Federal Home Loan Bank of Pittsburgh to reduce interest expense and expand its net interest margin.
Six North Carolina businessmen and banking veterans made up the group that raised $13 million to buy First Carolina State Bank in Rocky Mount, N.C., from Capitol Bancorp (CRBC).
An overwhelming majority — 74% — of small and mid-size businesses say they've been victims of online banking fraud, according to a Ponemon Institute study. And most hold their banks responsible.
Platform that helps banks and investors find loan deals has dropped its fees.
Buffalo bank to use the card processor's fraud detection and customer service.
Alliance Data Systems (ADS) has signed a long-term agreement to provide private-label credit card services for retailer Stage Stores (SSI).
GE Capital Retail Bank has reached a long-term agreement with Wal-Mart Stores' (WMT) Sam's Club to continue providing the credit card program to the Sam's Club's Advantage and Business members.
Two banks that are majority-owned by Piedmont Community Bank Holdings in Raleigh, N.C., have agreed to merge.
JPMorgan Chase (JPM) is now offering mobile banking features to users of its prepaid card, Liquid.
Software analyzes ACH transactions and priorities the highest risk payments for review.
Pacific Mercantile Bancorp in Costa Mesa, Calif., will exit the wholesale mortgage business.
Bank of America's (BAC) vice chairman and a former chief financial officer will retire next month.
