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.
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
Farmers State Bank of Parkston, S.D., agreed to use a core processing system from Jack Henry & Associates for enterprise-wide automation.
First Midwest Bancorp (FMBI) of Itasca, Ill., has combined three units to form a new wealth management division and has named a longtime employee to run it.
Chemical Financial (CHFC) reported first-quarter income of $12.4 million, up almost 35% from a year earlier, as the Midland, Mich., company's earnings were boosted by the sale of its merchant processing business.
Associated Banc-Corp (ASBC) of Green Bay, Wis., has hired two Bank of America (BAC) employees to lead a new office in Michigan as it looks to make commercial real estate loans in the Detroit area.
The Treasury Department has not said if it intends to auction off more stakes it owns in community banks, but Yadkin Valley Financial (YAVY) in Elkin, N.C., wants to be ready in case it does.
NACHA reported that 2011 ACH payment volume totaled more than 20.2 billion transactions, up more than 4% from a year earlier.
TD Bank has named Vinoo Vijay as its new chief marketing officer.
Independent Bank Corp. (INDB) of Rockland, Mass., reported that its first-quarter income rose 9% from a year earlier, to $12.2 million, as customer growth led to increased loans and fee income.
Total System Services (TSS) has signed a new long-term partnership with First Hawaiian Bank of Honolulu.
Alliance Data Systems (ADS) has agreed to buy the existing private-label credit card portfolio of jewelry retailer Premier Designs.
