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.
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.
Taylor Capital Group Inc. in Rosemont, Ill., has taken its first step in beefing up its common equity by completing a $35 million rights offering.
JPMorgan Chase donations last week in Detroit show how it is trying to target its philanthropy and avoid the "peanut-butter" approach to giving.
A Stanford University professor has filed a letter with the Federal Communications Commission urging it to investigate Verizon Wireless's blocking of Google Wallet on its new smart phone.
Talmer Bancorp Inc. in Troy, Mich., said Monday that it had completed its acquisition of Lake Shore Wisconsin Corp. in Glenwood City.
Associated Banc-Corp in Green Bay, Wis., said that it will close 21 branches across three states by mid-2012.
Wells Fargo & Co. will expand its asset-based lending business into the United Kingdom by acquiring a lending arm of the Bank of Ireland.
CFS Bancorp's chief executive and chairman, Thomas F. Prisby, will retire after almost 30 years with the company, and his responsibilities are being split between two replacements.
Online marketer edo Interactive has hired payments industry veteran Steven J. Kietz, a former executive at Citigroup and JPMorgan Chase, as head of its financial services team.
The Federal Reserve Board on Friday approved the sale of EuroBank in Coral Gables, Fla., to a pair of Brazilian buyers.
Consolidation in the market has prompted Bridge to seek capital fast to fight back, the CEO says.
