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.
TriCo Bancshares (TCBK) of Chico, Calif., has named a former Countrywide Bank executive as its chief risk officer.
Continental Bank Holdings of Plymouth Meeting, Pa., has raised $16.5 million through a private placement.
ServisFirst Bancshares of Birmingham, Ala., is expanding its correspondent banking business into Tennessee and Georgia with the addition of two new executives.
Former head of operations at Fannie Mae to fill a new role at the bank.
A second director at the troubled Atlantic Coast Financial (ACFC) has resigned due to concerns about how the Jacksonville, Fla., company is run.
Bank of America (BAC) will lay off 675 employees at two offices in Fort Lauderdale, Fla., as part of the bank's broader plan to reduce its head count.
Many banks are still processing at least some checking account transactions from largest to smallest, possibly triggering more in overdraft fees for customers, a new survey found.
Bank of America has a new ad campaign aimed at inspiring trust in Merrill. Unfortunately for B of A, the announcement of the campaign coincided with fresh reports that its executives misled shareholders about the condition of Merrill Lynch before its acquisition.
Central Federal (CFBK) has restructured a planned capital raise and reached a deal with the Treasury Department that would help it exit the Troubled Asset Relief Program.
The Atlanta bank, which was forced to retreat from a $5 debit-card fee in the fall, is making it more difficult for some customers to qualify for free checking.
BancorpSouth quietly cut a deal in Arkansas that could undercut Florida claims in the overdraft case and save it millions. A federal judge is not amused.
Bank is offering small business clients remote deposit capture software and a Panini desktop check scanner to make deposits from their offices.
Fraudsters are hitting bank customers with phone calls, text messages and email, trying to coax card account information from them.
Bad times are driving a large majority of banks to rethink their operating models, a KPMG survey says. Wealth management and technology are priorities, branches may have to be turned into marketing stores, and M&A is still back burner.
A Kansas banking company that last week raised fresh capital to fuel its growth has struck a deal that would more than double its size.
Ocwen Financial (OCN) has purchased the commercial servicing rights portfolio of Aurora Bank.
Most U.S. banks' data management programs are "just surviving," executives say.
HomeStreet is hoping to manage documents more efficiently and maintain audit trails.
BNC, of High Point, N.C., would pay $35 million for First Trust, its fifth deal in the Carolinas in nine months.
Concord Bank of St. Louis has named Lance Greunke as interim chief executive and president to replace Tony Feraro, who died in May.