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.
Receivables Exchange said Wednesday that it is working with Insperity to provide live receivables auctions to more small and medium U.S. businesses.
Morgan Stanley said Tuesday in a filing that more than a third of the 1,600 layoffs it announced earlier this month may be in New York City.
A Plano, Texas, check-imaging technology provider has settled its federal patent infringement claims against U.S. Bancorp for undisclosed terms.
A Florida holding company formed in 2008 to buy troubled banks has struck another deal in the Tampa Bay area after calling off its previous acquisition.
The Federal Home Loan Bank of Chicago has received the go-ahead from its regulator to begin repurchasing stock from its member banks.
Commerce Bancshares Inc.'s banking unit has agreed to pay $18.3 million to settle a class action involving overdraft fees.
The Federal Reserve has fined two banks for violations of the National Flood Insurance Act.
Edwin Hale officially stepped down Thursday as chairman and CEO of 1st Mariner in Baltimore. The banking company named interim successors.
The title insurance unit of First American Financial Corp. has agreed to acquire Hexter-Fair Title Co. in Dallas.
Peoples Bancorp Inc. in Marietta, Ohio, plans to repay its remaining $18 million of federal aid next week.
United Community Financial Corp. in Youngstown, Ohio, completed another step in its capital-raising plan with the sale of four branches to Croghan Bancshares Inc. in Fremont, Ohio.
Synovus Financial Corp. President and Chief Executive Kessel D. Stelling will take on the additional title of chairman when Richard E. Anthony steps down from the position on Jan. 1.
First American Bank Corp. in Elk Grove Village, Ill., has repaid $15 million of the $50 million it received from the Troubled Asset Relief Program with funds it raised in a recent stock sale.
MutualBank in Muncie, Ind., has received regulatory approval to convert from a federal savings bank to a state commercial bank.
First Midwest Bancorp Inc. in Itasca, Ill., said Thursday that it paid $900,000 to repurchase a warrant it had issued to the Treasury Department as part of its participation in the Troubled Asset Relief Program.
E*Trade Financial Corp. and its insurers have agreed to pay $79 million to settle a class-action suit brought by investors over losses in its mortgage and home-equity loan portfolios.
New Century Bancorp in Dunn, N.C., has agreed to sell two of its branches to Lumbee Guaranty Bank in Pembroke, N.C.
BNC Bancorp in High Point, N.C., has agreed to buy KeySource Financial Inc. in Durham, N.C., in an all-stock deal valued at $12.2 million.
Fiserv core users can re-evaluate and stress their loan portfolios with Sageworks tools under the new partnership.
Now that the Office of Thrift Supervision has been eliminated, First Federal Savings and Loan Association in Charleston, S.C., does not see much reason to retain its federal charter.
