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 Community (FCCO) in Lexington, S.C., said it could use the $15 million it raised through a common stock offering to exit the Troubled Asset Relief Program.
The Treasury Department did not sell some of the preferred shares it owns two community banks as planned after it received insufficient bids for the securities.
The Federal Reserve Board entered into a written agreement with Cornerstone Bancorp that requires the St. Petersburg, Fla., company to serve as a source of strength for its bank.
Second-quarter income more than tripled from a year ago at Hancock Holding (HBHC) in Gulfport, Miss., after its net interest income surged and it recorded less in merger-related expenses.
Gideon King, president of Loeb Capital Management, threatened to buy more stock in First California and clean house in the boardroom and executive suite to facilitate a sale to PacWest or another buyer.
JPMorgan Chase (JPM) shuffled some of its high-ranking executives and streamlined its investment and retail banking operations Friday.
Valley National Bancorp's (VLY) second-quarter earnings slipped as the Wayne, N.J., company saw its expenses rise and recorded a higher provision for credit losses.
The Baltimore bank has taken some giant steps forward over the last two quarters but it still needs a capital injection to complete its turnaround.
A combination of a lower loan-loss provision and higher noninterest income contributed to improved profits at Texas Capital Bancshares (TCBI) in Dallas.
The Federal Reserve Board entered into a written agreement with Macon Bancorp that requires the Franklin, N.C., company to serve as a source of strength to its bank.
The head of First Commonwealth Financial (FCF) spoke for a lot of bankers Wednesday who hope to follow his lead.
Second-quarter earnings at First Midwest Bancorp (FMBI) declined from a year ago as the Itasca, Ill., company's net interest income fell and its provision for loan losses increased.
U.S. Bank has bought a type of corporate credit card network for truckers from prepaid company TransCard.
Strong loan growth at BankUnited (BKU) helped the Miami Lakes, Fla., company post higher second-quarter income and beat analysts' expectations.
Hampton Roads Bankshares's (HMPR) second-quarter loss narrowed from a year earlier as improveed credit quality aided the Norfolk, Va., company.
F.N.B. Corp. (FNB) in Hermitage, Pa., posted higher second-quarter profit as loan balances surged.
FirstMerit (FMER) in Akron, Ohio, trumped higher noninterest costs with more lending for a slight gain in quarterly profits.
Bank of America (BAC) has hired more than 30 bankers in the greater Chicago area as part of a broader plan to beef up its services for small-business owners.
Double-digit loan growth boosted the bottom line more than 20% at Signature Bank (SBNY) in New York.
Synovus Financial (SNV) continued its comeback, reporting its fourth profitable quarter in a row.
