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.
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.
Consumer banking executive Laurie Readhead to take #2 technology spot, reporting to Catherine Bessant.
New tools intended to help banks develop applications that work across channels, introduce new products quickly and analyze customer transactions to calculate fees.
41st Parameter has raised $13 million in fresh capital to fuel research, development and further expansion.
Heritage Financial Group (HBOS) of Albany, Ga., is entering neighboring Alabama with an agreement to buy a branch in Auburn from the banking unit of Community Capital Bancshares.
Three top executives at the recovering Royal Bancshares of Pennsylvania (RBPAA) will retire from the company by the end of the year, including Robert R. Tabas, its chairman and CEO.
Empire National Bank said that the Office of the Comptroller of the Currency has ended a formal agreement after the Islandia, N.Y., bank improved its liquidity management and reduced credit concentrations.
Albert Forkner, who had been Wyoming's acting banking commissioner since January, was appointed to the position permanently in late March.
Deploying 50,000 devices from Wyse Technology.
BB&T’s (BBT) deal to buy BankAtlantic Bancorp’s (BBX) thrift for up to $316 million has received the green light from the Office of the Comptroller of the Currency, one of three federal regulators that must approve the sale.
Porter Bancorp has asked shareholders to approve a proposal that would drastically increase the number of common shares it could issue to help the company meet minimum capital ratios.
