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.
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.
Increased mortgage banking revenue helped lift first-quarter profit at Umpqua Holdings (UMPQ) of Portland, Ore.
Bank of the West has created a private mortgage banking team that will largely cater to the bank's wealth management clients.
Annapolis Bancorp (ANNB) has repaid half of the $8.2 million it owed the Treasury Department under the Troubled Asset Relief Program.
PacWest Bancorp of Los Angeles said Wednesday that its first-quarter earnings fell 50% from a year earlier, to $5.3 million, due to largely to costs related to prepaying $225 million of fixed-rate term Federal Home Loan Bank advances.
Fueled by loan growth and an increase in noninterest income, first-quarter profits at East West Bancorp (EWBC) of Pasadena, Calif., rose 22%, to $66.4 million, from a year earlier.