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.
Peapack-Gladstone Financial Corp. in Bedminster, N.J., announced Monday that it will exit the Troubled Asset Relief Program this week.
First Internet Bancorp is creating a new division to offer traditional commercial and industrial lending to businesses in Indiana.
U.S. Bancorp has implemented the electronic payments system Secure Vault Payments with the Nebraska Child Support Payment Center for parents to make child-support payments online.
In the months before Bank of America Corp. acquired Countrywide Financial Corp., government officials exchanged emails discussing the beleaguered mortgage lender and rumors that it might collapse.
Heritage Bank Inc. in Erlanger, Ky., has agreed to buy Farmers National Bank in Walton, Ky., in what would be the first acquisition in Heritage’s 21-year history.
Shares for United Community Banks Inc. tumbled Friday after the Blairsville, Ga., company said it would record an additional $166.9 million in a deferred tax asset valuation allowance.
Southside Bancshares Inc. in Tyler, Tex., and Security Federal Corp. in Aiken, S.C., have announced replacements for their longtime chief executives.
University Bank in Ann Arbor, Mich., has acquired an additional 37.5% stake in a specialty finance firm in which it already half owned.
Says its biggest competitor's payment and e-billing services use Fiserv-patented methods.
A version for the Android is expected later this year.
Despite an overall lack of optimism about the U.S. economy, small-business owners are growingly increasingly more confident that sales at their own firms will pick up this quarter, according to a survey released Thursday by TD Bank.
Clemson football fans like to er, decorate, $2 bills with the logo of their beloved Tigers, but South Carolina bankers say the shift to electronic payments and other factors (don't mention this week's Orange Bowl score) could stamp out the show of loyalty.
Offers loan originators a range of software and services.
Wells Fargo & Co. has promoted John Epstein to executive vice president in its community lending and investment department.
Mission Community Bancorp in San Luis Obispo, Calif., has repaid more than $5.1 million in federal aid it received under the Troubled Asset Relief Program.
SVB Financial Group in Santa Clara, Calif., is expanding its banking unit to Arizona by opening an IT and operations facility in Tempe this year.
PacWest Bancorp in Los Angeles has completed its acquisition of a specialty equipment leasing company from Meridian Bank in Wickenburg, Ariz., for $35 million in cash.
Consultancy Beyond the Arc will use Attensity's filtering technology in its services.
CoBank in Denver has completed its merger with U.S. AgBank in Wichita, Kan., creating an $85 billion cooperative bank in the Farm Credit System.
Bank of New York Mellon's sale of its Shareowner Services business to a Melbourne, Australia, firm will lower its profits in the fourth quarter, but will bolster its capital levels going forward.
