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.
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.
The Consumer Bankers Association has bulked up its staff, announcing four new hires across several areas.
Provident New York Bancorp (PBNY) in Montebello has raised roughly $46 million to help fuel its expansion in the New York City area.
Canadian Imperial Bank of Commerce (CM) has agreed to buy MFS McLean Budden's private-wealth business.
Huntington Bancshares (HBAN) in Columbus, Ohio, will redeem roughly $114.3 million in trust-preferred securities next month.
Hampton Roads Bankshares (HMPR) is on the verge of a $45 million rights offering, the second phase of the Norfolk, Va., company's $95 million capital-raising effort.
