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.
Housing prices will continue to decline slightly through 2012 but will begin to rebound in 2013, according to a new survey from the Federal Reserve Bank of Philadelphia.
Hana Financial Group of Seoul, South Korea, has agreed to buy newly issued shares of common stock, and a 51% ownership interest, in Saehan Bancorp in Los Angeles.
Anchor BanCorp Wisconsin Inc. in Madison reported another quarterly loss.
The private banking arm of KeyCorp in Cleveland has established a Delaware trust company and hired two veterans from competitors to help run it.
Horizon Bancorp in Michigan City, Ind., has agreed to buy Heartland Bancshares Inc. of Franklin, Ind., in an all-stock deal valued at $14 million.
Evans Bancorp Inc. in Angola, N.Y., has reported that fourth-quarter income more than doubled from a year ago, to $1.3 million, due to higher net interest income and a lower provision for loan and lease losses.
Arkelis' messaging hub now runs on Red Hat servers.
Wells Fargo & Co. has named Lisa Featherngill as its managing director of planning for Abbot Downing, the bank's new unit for ultra wealthy clients.
The Federal Reserve Board has approved Hana Financial Group Inc.'s acquisition of indirect controlling interests in two U.S. units of Korea Exchange Bank.
First Financial Service has agreed to sell four of its branches in Indiana as the Elizabethtown, Ky., company works to increase its capital ratios to meet a consent order.
Regulators have ordered the banking unit of AB&T Financial Corp. in Gastonia, N.C., to improve its asset quality and evaluate its allowance for loan losses.
Discover Financial Services will invest $10 million over the next five years to pay for high school students to take personal finance courses.
U.S. Bank has produced four new security awareness videos that feature a fictional character, Tami, sharing her personal information a bit too freely.
Chino Commercial Bancorp in California has extended its stock offering for the second time because of a high level of interest.
HomeStreet Inc. in Seattle has hired more than 160 former MetLife Inc. mortgage professionals across three Pacific Northwest states.
BBCN Bancorp, the Los Angeles company formed after Center Financial and Nara Bancorp merged, said Wednesday that fourth-quarter earnings fell 42% from the same period a year earlier due primarily to expenses related to the merger.
CoVantage Credit Union will offer its members mobile banking services from Tyfone.
Five banks have selected Jack Henry & Associates' SilverLake core processing system in the last eight months, the vendor said Tuesday.
Union Square Ventures — ground floor investors in Twitter and Foursquare — is helping the payments company launch consumer facing technologies, but fintech firm Village Ventures is adding funding to the company's FiSync products, which provide integrations to banks.
Improved credit quality and lower expenses helped offset declines in fees at Eastern Virginia Bankshares as the Tappahannock company returned to the black in 2011.
