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.
Hudson City Bancorp (HCBK) of Paramus, N.J., intends to limit its mortgage lending this year as it looks to diversify its mortgage-heavy balance sheet and improve its regulatory capital ratios.
PremierWest Bancorp's losses widened in the first quarter as problem loans continued to drag down results as the Medford, Ore., company.
Aided by strong client transaction growth, Total System Services reported that its first-quarter earnings rose more than 15%, to $56.4 million, from a year earlier.
BancorpSouth (BXS) of Tupelo, Miss., is coming off its strongest quarter in two years as improved asset quality and modest growth in fee income more than offset declining loan revenue.
Zions Bancorporation (ZION) will raise up to $250 million in fresh capital to redeem outstanding preferred shares, including stock issued to the Treasury Department from the Troubled Asset Relief Program.
Shares of UMB Financial (UMBF) hit a 52-week high Tuesday after the Kansas City, Mo., company reported a record $46.4 million profit in the first quarter, a 50% increase from the same period last year.
Bank's service lets corporate treasurers deposit checks by iPhone.
Aided by strong loan growth, Signature Bank (SBNY) in New York reported first-quarter net income of $42.4 million, up more than 22% from a year earlier.
Giving 3,000 computers to nonprofit organizations and schools.
Zions Bancorporation's (ZION) repayment of half of its funds from the Troubled Asset Relief Program tamped down earnings in the first quarter, but its core results still handily beat expectations.
Reduced expenses and a lower provision for credit losses helped boost West Coast Bancorp's first-quarter net income by nearly 14% from the same period last year, to $5.4 million.
Bill.com said that Mercantile Bank (MBWM) of Grand Rapids, Mich., will be the first financial institution to use its platform to standardize its online business banking services.
Company has added the ability to redeem credit card rewards from mobile devices.
Riverview Bancorp of Vancouver, Wash., expects to record its second consecutive quarterly loss after significantly increasing its loan-loss provision.
Partnering with NetSecure Technologies on solution for Canadian merchants.
Bank of Hawaii (BOH) of Honolulu reported first-quarter earnings of $43.8 million, up roughly 3% from a year earlier, as loan balances rose and credit quality improved.
Fueled by record revenues from mortgage banking, Washington Trust Bancorp (WASH) in Westerly, R.I., reported a record $8.4 million profit in the first quarter, an increase of 24% over the same period in 2011.
A shareholder has sued Citigroup's (NYSE:C) Chief Executive Vikram Pandit and directors over compensation for the bank’s top executives.
Grant Thornton has hired a former Federal Deposit Insurance Corp. employee as a managing director in its national bank regulatory practice.
PHH (PHH) of Mount Laurel, N.J., has hired Sun Bancorp's (SNBC) chief financial officer, Robert Crowl, for the same position.
