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.
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.
BB&T (BBT) of Winston-Salem, N.C., has launched an account designed for teenagers that comes with a prepaid card, reloadable Visa card.
BancorpSouth (BXS) has reached a settlement in principle for a class-action lawsuit alleging that the Tupelo, Miss., company violated federal securities law.
Royal Financial in Chicago reported a fiscal third-quarter loss of $421,000, compared to earnings of $41,000 a year earlier, as noninterest expense rose.
American Chartered Bank in Schaumberg, Ill., has sold its health savings account business to Minnesota insurance company SelectAccount.
Anchor BanCorp is closing two Wisconsin branches and cutting 11 positions as it struggles to return to profitability and repay a line of credit.
The ABA and Financial Services Roundtable seek to own .bank and .insurance.
Thomas Hoy has led the Glen Falls, N.Y., company since 1997. Thomas Murphy, who will become the company's president next month, is set to succeed Hoy when he steps down.
The Massachusetts company has grown in upstate New York by buying Rome Bancorp and opening about a dozen branches in recent years.
Abacus Federal Savings Bank and more than a dozen of its former employees are facing criminal charges related to a scheme in which it allegedly falsified information on mortgage applications so that unqualified borrowers could secure loans.
Chief Executive John Stumpf said during an investor conference in New York Thursday that the bank is in the market to buy insurance companies.
United Bank & Trust is using automated call back service from PhoneFactor.
Preferred Bank (PFBC) of Los Angeles has signed a memorandum of understanding with regulators after a more formal consent order was lifted.
The Wisconsin bank is part of a growing trend of banks bringing anti-money laundering and fraud prevention platforms together.
Toronto-Dominion Bank (TD) has filed a shelf registration that will allow it to raise up to $15 billion through the sale of senior debt securities.
Alliance Data Systems (ADS) said Wednesday that it has renewed a long-term agreement to provide private-label credit cards for retailer Gardner-White Furniture.