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.
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.
A trade organization announced its launch on Wednesday and said that it will provide resources in anti-money laundering compliance for money services businesses.
About one-third of consumers use mobile banking; of those who don’t, 39% are worried about security.
Bank of America Corp. sold $700 million in credit card assets to U.S. Bancorp on Wednesday, in the struggling Charlotte company's latest effort to slim down.
Sun Bancorp Inc. in Vineland, N.J., said Tuesday that it has added two seasoned executives to help grow its middle-market and commercial real estate loan portfolios.
Pacific Capital Bancorp in Santa Barbara, Calif., is using some of its excess cash to pay down debt and resume paying interest on trust preferred securities.
