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.
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.
Cathay General Bancorp of Los Angeles reported first-quarter earnings of $24.8 million, up roughly 38% from a year earlier, as credit quality improved
BNC Financial Group of New Canaan, Conn., has hired former NewAlliance Bancshares Chief Executive Peyton R. Patterson as its new CEO.
TD Bank became the second major bank to adopt the Pew Charitable Trusts' model disclosure form to simplify its checking account information for customers, the nonprofit organization said on Tuesday.
Bank of America (BAC) is looking to sell its wealth management divisions outside of the U.S., Reuters reported Tuesday.
FIS has hired Greg Montana, a former Bank of America executive, as the company's chief risk officer.
First-quarter income at Park National (PRK) rose 45%, to $30 million, from a year earlier as the Newark, Ohio, company recorded a gain from the sale of the troubled Vision Bank.
Fueled by commercial real estate loan growth and stronger credit quality, Webster Financial (WBS) of Waterbury, Conn., reported first-quarter earnings of $38.3 million, up more than 13% from a year earlier.
Grant Thornton has hired a former Federal Deposit Insurance Corp. employee as a managing director in its national bank regulatory practice.
CNB Financial (CCNE) of Clearfield, Pa., reported first-quarter income of $4.3 million, up almost 33% from a year earlier, as net interest income and total loans rose.
Fiserv (FISV) has named Ally Financial (GJM) executive Cliff Skelton as chief information officer, succeeding Maryann Goebel, who will serve as an advisor to Fiserv until her retirement on July 1