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.
First National Community Bancorp (FNCB) has finally caught up on its financial reports for 2011 — now on to 2012.
FNBNY Bancorp has hired John F. Stewart, a former president of Citibank New York, as CEO of First National Bank of New York. Stella Mendes will be the bank's president.
Customers Bancorp in Wyomissing, Pa., struck its second deal in two months with an agreement to buy CMS Bancorp in White Plains, N.Y. Customers, led by Jay Sidhu, would expand its presence in Westchester County.
Anchor BanCorp Wisconsin (ABCW) in Madison narrowed its quarterly loss as its credit trends continued to improve.
Dexter Credit Union will use Andera's oFlows platform, a paperless system for account opening and lending.
The Federal Reserve Board has terminated a written agreement with Coastal Financial that required the Everett, Wash., company to improve asset quality and risk management.
Capital Bank in Raleigh, N.C., reported a 14% rise in second-quarter earningsm while TIB Financial in Naples, Fla., said its second-quarter profit nearly doubled.
Southwest Bancorp (OKSB) in Stillwater, Okla., has repurchased all of the $70 million in preferred securities it sold to the Treasury Department under the Troubled Asset Relief Program.
First Citizens BancShares (FCNCA) in Raleigh, N.C., posted strong second-quarter results because of higher net interest income and a lower loan-loss provision.
Susquehanna Bancshares (SUSQ) in Lititz, Pa., plans to raise up to $150 million through a senior notes public offering.
Morrill & Janes Bank and Trust in Merriam has agreed to buy United Bank of Kansas in Lenexa. United will be merged with Morrill and operate as a branch, Morrill said in a press release.
Itaú Unibanco Holding in São Paulo, Brazil, has denied that it is in negotiations to buy Citizens Financial Group, the U.S. arm of the Royal Bank of Scotland (RBS).
PayPal still rules the roost in person-to-person (P2P) transfers, but faces an increasingly strong field of competitors, according to Javelin Strategy & Research.
Innovest Systems, a technology firm specializing in trust accounting and wealth management products, has named Glenn Schmidt as its chief operating officer.
Bank of America's Merrill Lynch unit has named a former Citigroup executive as managing director of North American product sales for its global transaction services business.
Robert Hill, SCBT's president and CEO, announces his second open-bank deal in nine months as it looks to consolidate in South Carolina and Georgia. SCBT has also bought three failed banks since January 2010.
Bridge Capital Holdings (BBNK) has put its expanding capital-finance business into a separate division and named Lee Shodiss its boss.
Prime Pacific Financial Services in Lynwood, Wash., will raise $5 million through a private placement of common stock as it works to meet capital requirements from a regulatory order.
Creative Payment Solutions, a unit of BB&T (BBT), has launched a new remote deposit capture (RDC) risk self-assessment tool that financial institutions can provide to customers.
The Federal Reserve Board has issued an enforcement order against Gold Canyon Bank that gives the Gold Canyon, Ariz., company 90 days to become adequately capitalized or to sell itself.
