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.
Astoria Financial Corp. in Lake Success, N.Y., said late Wednesday that its fourth-quarter profits fell 50% from a year earlier, to $11.8 million, because of decreases in average interest-earning assets.
Buoyed by a lower loan-loss provision, Lakeland Financial Corp. in Warsaw, Ind., said Wednesday that its fourth-quarter profits rose 43% from a year earlier, to $8.3 million.
S.Y. Bancorp Inc. in Louisville, Ky., reported Wednesday that its fourth-quarter profits climbed 5% from a year earlier, to $6.3 million, because of tax adjustments.
Bank of the James Financial Group Inc. in Lynchburg, Va., said that its common stock began trading on the Nasdaq Capital Market exchange on Wednesday.
New York Community Bancorp Inc. in Westbury, N.Y., reported Wednesday that fourth-quarter profits fell more than 21% from a year earlier, to $117.7 million, due largely to a decline in noninterest income.
BillFloat Inc., a provider of credit and underwriting services, has hired a community banking veteran as a senior advisor.
UMB Financial Corp. in Kansas City, Mo., on Wednesday reported $23.3 million in fourth-quarter profits, up 22% from a year earlier but falling short of expectations.
Commerce Bancshares Inc. in Kansas City, Mo., said late Tuesday that its fourth-quarter profits were flat from a year earlier, at $61.5 million, following the settlement of a class-action lawsuit.
BancorpSouth Inc. in Tupelo, Miss., raised $109.3 million in a common stock offering, a week after the company reported better-than-expected fourth-quarter earnings.
Fueled by balance sheet growth, Signature Bank’s fourth-quarter profits rose 32% from a year earlier, to $40 million.
Park National Corp. in Newark, Ohio, said in a regulatory filing Monday that that it will revise its 2010 financial statement, reducing its net income by $12.4 million.
The company, which staged a legal fight against the Durbin Amendment last year, took sizeable hits to interchange revenue in the fourth quarter.
Fueled by a lower provision for loan losses and rising net interest income, Cathay General Bancorp's profits surged more than 68% in the fourth quarter, to $23.6 million, from a year earlier.
First Independent Bank has notified employees whose jobs will be eliminated after the Vancouver, Wash., bank is sold to Sterling Financial Corp. of Spokane, Wash.
Northwest Bancshares Inc. in Warren, Pa., said Monday that its fourth-quarter profits climbed 19%, to $15.2 million, from a year earlier as credit quality improved and fee income from trust and insurance services rose.
Elevated chargeoffs on commercial real estate loans and slightly increased expenses caused City Holding Co.'s fourth-quarter profits to dip 2%, to $9.7 million, from a year earlier.
Nine months after it announced plans to raise up to $75 million issuing common and preferred shares to new and existing investors, Intermountain Community Bancorp in Sandpoint, Idaho, said Sunday that it now intends to raise no more than $59 million.
Provident Bank president and chief executive Jack Kopnisky wasted no time in making good on his promise to hire bankers away from his competitors.
The FDIC and a Federal Home Loan bank are seeking information from the Memphis bank about 20 securitizations, executives said. First Horizon swung to a profit and reported lower revenue in the fourth quarter.
Capital One Financial Corp.'s fourth-quarter profit fell almost 42% from year earlier to $407 million, as the bank's expenses surged.
