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.
Fox Chase Bancorp Inc. in Hatboro, Pa., said the planned sale of a pool of problem consumer loans has fallen through and that, as a result, its total nonperforming assets were higher in the fourth quarter than it initially reported.
First South Bancorp Inc. in Washington, N.C., has tapped the chief financial officer at another North Carolina bank to be its next president and chief executive.
Bancorp Bank of Wilmington, Del., said Monday that it has agreed to issue prepaid card programs for Swift Prepaid Solutions.
Madison National Bancorp Inc. said on Monday that Daniel L. Murphy, the co-chairman and chief executive of the Melville, N.Y., company, has died.
IBMer Anil Cheriyan to succeed Tim Sullivan, who is retiring.
The Office of the Comptroller of the Currency has ended a formal agreement with City National Bank of Florida.
Fifth Third Bancorp of Cincinnati has laid off an unspecified number of employees as part of an ongoing effort to control expenses.
Citigroup Inc. has nominated a healthcare industry veteran and a former American Express Co. executive to be independent directors on its board.
MasterCard Inc. has appointed Steve Grigg president of its Access Prepaid Worldwide unit.
Two California banks have repaid funds they received from the Treasury Department under the Troubled Asset Relief Program.
More Wells Fargo & Co. customers will be charged a monthly fee on checking accounts as the San Francisco company expands a pilot program aimed at generating more revenue from retail banking.
Community Choice Credit Union will use Jack Henry's Biz 2.0 to extend online bill payment services to small-business customers.
The idea of banks peddling "exploding toasters" has taken root thanks to industry nemesis Elizabeth Warren.
Regulators have terminated a consent order with Magyar Bancorp Inc.'s banking unit after the New Brunswick, N.J., company reduced its nonperforming assets and increased its capital levels.
First Commonwealth Financial Corp. in Indiana, Pa., has named T. Michael Price as its president and chief executive.
First California Financial Group Inc. in Westlake Village, Calif., has partnered with another company to provide tax refunds on prepaid cards.
First Niagara Financial Group Inc. of Buffalo, N.Y., has shifted its small-business banking focus away from individual branches to a newly created business unit that will be solely dedicated to attracting and retaining small-business customers.
Judicial Watch has sued the Federal Housing Finance Agency, claiming that the agency wrongfully denied a request for documents related to a lawsuit over alleged misrepresentations of mortgage-backed securities.
Roma Financial Corp. in Robbinsville, N.J., reported that its profit for 2011 rose almost 37% from a year earlier, to $7 million, because of loan growth and a lower loan-loss provision.
Savannah Bancorp Inc. in Georgia said that one of its bank has entered into a consent order with regulators and now must work to maintain capital levels and reduce problem assets.
