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.
Triumph Bancshares of Germantown, Tenn., has sold 1.35 million shares to investors, raising roughly $12.2 million in fresh funds to help grow its bank.
International Bancshares (IBOC) of Laredo, Texas, reported first-quarter income of $28.3 million, down more than 6% from a year earlier, as the company collected lower fees from interchange and overdraft protection.
Fewer midmarket companies are expecting to seek financing this year as balance sheets have become stronger, according to a new report from Deloitte.
The board at Shore Bancshares (SHBI) of Easton, Md., has voted to suspend its one cent per share quarterly cash dividend following its $3 million loss in the first quarter.
A coalition of consumer and community groups is urging regulators to crack down on a Florida bank that is issuing prepaid cards for payday lender CheckSmart.
Harland Clarke Holdings reported a first-quarter loss of $22.9 million, compared with a profit of $23.4 million a year earlier, because of charges related to its parent company’s merger with MacAndrews & Forbes Holdings.
Two community banks overhauling their core processing systems.
Jay Sidhu has stepped down as the chairman of Atlantic Coast Financial because he believes the Jacksonville, Fla., company was failing to “mitigate or significantly reduce risks facing the bank.”
Buoyed by strong loan growth, BofI Holding (BOFI) of San Diego reported record earnings of $7.3 million for its fiscal-year third quarter, up 41% from a year earlier.
Fiserv (FISV) has partnered with Earthport to provide international payments processed through the automated clearing house.
George Ramirez, the new chief diversity officer at San Francisco's Union Bank, didn't get the memo that people are purely expense items for banks.
Northeast Bancorp (NBN) of Lewiston, Maine, is looking to raise additional capital so it could continue to expand its loan portfolio.
BB&T will use Fiserv's mobile capture technology to allow its customers to deposit checks from home.
If the anticipated wave of merger-and-acquisition activity in the banking industry ever hits, Blackhawk Bancorp in Beloit, Wis., wants to be ready for it.
An analysis of comments about 10 major U.S. financial services firms finds Amex and Citi garner the most positive posts.
Atlantic Coast Financial (ACFC) of Jacksonville, Fla., reported a narrower loss in the first quarter than in previous quarters as it reduced its overhead and reiterated that it is still considering selling itself.
First Data reported a first-quarter loss of $153 million, narrowing from a loss of $217 million a year earlier, as its operating income improved.
The Federal Reserve Board has terminated a written agreement with MidSouth Bank after capital levels improved and noncurrent loans decreased at the Murfreesboro, Tenn., company.
Eagle Bancorp (EGBN) of Bethesda, Md., could raise up to $35 million for general corporate purposes, including potential acquisitions and organic growth.
A unit of Bancorp of Wilmington, Del., is working with PayPal to offer electronic person-to-person payments through its affinity relationships.
