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.
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.
Karl Landert, the chief information officer at Credit Suisse, is stepping down. Chief Financial Officer David Mathers will oversee IT.
First Banks of Clayton, Mo., said Friday that it has called off its plan to sell its Florida branch network to an unnamed bank after the two sides could not come to terms on a deal.
As it expands its U.S. branches, Toronto-Dominion is hoping to sell more products to existing customers and to emulate its cross-selling success in its home country of Canada.
UnionBanCal reported that first-quarter net income totaled $195 million, down 17% from a year earlier, as fee income declined and it recorded a smaller gain from the reversal of its provision for credit losses.
Hancock Holding's (HBHC) shares tumbled Friday morning after the Gulfport, Miss., company reported that its first-quarter earnings fell short of expectations as its allowance for loan losses rose.
Buoyed by growth in the number of active cards, Green Dot reported first-quarter earnings of $17.1 million, up 35% from the same period a year earlier.
The Federal Reserve Board has terminated a written agreement with North Valley Bancorp (NOVB) in response to the Redding, Calif., company's improved financial condition.
Corporate Insight has identified opportunities for banks to run marketing and reward programs on the social media site.
An online survey conducted by Infosys finds banks have much room for improvement in the speed and reliability of their mobile banking offerings.
Sun Bancorp (SNBC) has more than doubled the size of its New Jersey home mortgage team by hiring 50 former MetLife (MET) employees for its residential lending division.
Fidelity National Information Services reported first-quarter profit of $95.8 million, down less than 1% from a year earlier, as corporate expenses climbed.
Buoyed by stronger credit quality and higher mortgage banking income, Lakeland Financial (LKFN) of Warsaw, Ind., reported record first-quarter income of $8.6 million, up 45% from a year earlier.
Everis to use Numerix tools for Monte Carlo simulations, cross-asset analytics and other risk-related tasks.
New Brussels-based organization will fund and publish research from academics and senior industry professionals.
Diebold reported a first-quarter profit of $45.2 million, compared with earnings of $2.5 million a year earlier, due to growth in its North America and Asia-Pacific businesses.
