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.
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.
Western Alliance Bancorp.'s (WAL) shares were up more than 3% Friday after the Phoenix company reported that its first-quarter income more than tripled from a year ago.
Lower expenses and better credit quality led National Penn Bancshares of Boyertown, Pa., reporting a 62% increase, to $25.3 million, year over year in its first quarter earnings.
NCR reported that its first-quarter income rose 123%, to $29 million from a year earlier, driven by increased business from U.S. regional banks.
Simmons First National (SFNC) of Pine Bluff, Ark., reported a first-quarter profit of $6.4 million, up roughly 25% from a year earlier as its loan-loss provision fell.
The uptick in KeyCorp's set-aside for bad loans was unsurprising considering it had reported credits in some recent quarters, CEO Beth Mooney says. She emphasized declining chargeoffs and a focus on niche lending.