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 Treasury Department will auction off its stakes in a dozen more banks as it works to aggressively wind down the Troubled Asset Relief Program.
The Federal Deposit Insurance Corp. has terminated a consent order with Northwest Savings Bank that had required the Warren, Pa., bank to strengthen various parts of its consumer compliance management system.
Bank of New York Mellon (BK) has agreed to settle a class-action lawsuit brought by investors who claimed that the company unwisely invested in a chancy investment fund.
The two tech companies are partnering to provide a mechanism by which consumers can pay bills by phone.
PacWest Bancorp (PACW) in Los Angeles is experiencing life on the other side of the bargaining table after its bank agreed to sell 10 branches to Opus Bank.
The acting chairman of the Federal Deposit Insurance Corp. said it is "difficult at this time to anticipate the consequences" of the possible expiration of the Transaction Account Guarantee program at the end of the year because of the uncertain economic climate.
Commonwealth is offering person to person and "bump" payments on 13 Android devices.
Software and services company may continue to automatically send notifications and not be considered in violation of CollegeNET's patents.
Two more banks are seeking to deregister their common stock following the passage of the Jumpstart Our Business Startups Act, citing potential savings on compliance costs.
Indecomm Global Services has opened a new mortgage lending and servicing outsourcing facility in Charlotte.
Lender Processing Services (LPS) has agreed to acquire LendingSpace, a provider of mortgage loan origination software.
United Community Financial (UCFC) in Youngstown, Ohio, will take a $5.2 million loss on a group of loans to a single commercial customer.
Bank holding companies overcame a lackluster fourth quarter to earn a record $118.4 billion in wealth management income in 2011, according to a new report.
Montgomery County in Maryland is teaming up with five local banks on a new program designed to encourage more bank lending to small businesses.
Camden National Bank in Maine has agreed to sell a branch in Rockland, Maine, that it is buying from Bank of America (BAC) because of competition concerns raised by the Justice Department.
QCR Holdings (QCRH) in Moline, Ill., has repaid about a fourth of its money it received from the Treasury Department's Small Business Lending Fund Program as part of its effort to increase its tangible common equity.
Tim Lathe is leaving KeyCorp (KEY) because his position within its community bank is being eliminated roughly 17 months after it was created.
Regulators revealed on Friday this year's list of communities where banks can receive credit under the Community Reinvestment Act for working in those areas.
Regulators have entered into a consent order with First Bank of Miami that requires the Coral Gables, Fla., company to maintain certain capital levels and ensure compliance with the Bank Secrecy Act.
Wyatt, who ran enterprise software at Motorola, will lead the Internet, mobile and ATM tech teams.
