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.
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.
Independent Bank Corp. (INDB) of Rockland, Mass., has agreed to acquire Central Bancorp (CEBK) of Somerville, Mass., for $54.8 million in cash and stock.
Hampton Roads Bankshares (HMPR) of Norfolk, Va., has found new buyers for three of its Gateway Bank & Trust branches it had previously agreed to sell to ECB Bancorp (ECBE).
Just days after announcing a major expansion in mortgage lending, Sun Bancorp (SNBC) in Vineland, N.J., said that it is beefing up its commercial lending team as well.
A survey sponsored by SunGard finds companies seek integrated payment solutions and vendor enrollment services.
Capitol Federal Financial (CFFN) of Topeka, Kan., reported second-quarter income of $19.3 million, up more than 23% from a year earlier, as it lowered its total interest expenses.
