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.
Citigroup Inc., having recommitted to the retailer credit card business it tried in vain to sell, has signed a new deal with Ford Motor Co.
Prosperity Bancshares Inc. in Houston said it will start listing its common stock on the New York Stock Exchange.
United Community Financial Corp. in Youngstown, Ohio, said Wednesday that it raised about $2 million from selling 1.6 million shares of common stock to an unnamed investor.
State Bancorp Inc. in Jericho, N.Y., said Wednesday that it redeemed $36.8 million of preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.
California Bank and Trust in San Diego said Wednesday that customers are now able to open additional deposit accounts and apply for credit cards and certain consumer loans online through its DirectNET Consumer Online Banking.
Zions has selected Fiserv to support multi-channel digital payments for retail and business customers.
RedRidge Finance Group said Wednesday that its RFG Fund I LLC acquired a majority interest in Excel Finance Holding Co., a consumer and auto loan provider.
Shareholders for Herald National Bank of New York have until Dec. 21 to decide how they want to get paid in the proposed merger with BankUnited Inc. of Miami Lakes, Fla.
Plans to reduce paper use 20% by 2015.
Bucking an industry trend, Umpqua Holdings Corp. in Portland, Ore., is ramping up its commercial real estate lending to fill what it sees as a void in its markets.
FNB United Corp. in Asheboro, N.C., has met the requirements for continued listing on the Nasdaq after completing a one-for-100 reverse common stock split.
Hometown Bancorp in Kent, Ohio, has changed the name of its banking unit to Hometown Bank from Home Savings Bank.
Mobile and online payments startup Zipmark has secured $2 million in funding from a group of venture capital firms and others, the company said on Tuesday.
Bank of America Corp. said Monday that it will hire more than 160 wealth management advisers in Southern California and Arizona by the end of the first quarter of 2012.
Cullen/Frost Bankers Inc. in San Antonio announced Monday that it has agreed to acquire the human resource consulting firm, Stone Partners Inc.
Piedmont Community Bank Holdings Inc. in Raleigh, N.C., wants to up its ownership stake in Crescent Financial Corp. of Cary, N.C., and is giving Crescent shareholders more time to mull its offer.
Fiserv said Monday that more than a dozen financial institutions signed up for its mobile source capture product.
Peoples Bank of Alabama in Cullman, Ala., is launching 30 of NCR's SelfServ automated teller machines that allow customers to deposit checks and cash at the same time through a single slot.
The stocks of 10 community banks will be added to the Nasdaq ABA Community Bank Index next week while the stocks of four others will be removed.
While American banks including Citigroup Inc. are ramping up layoffs, an Accenture report finds that demand for bankers is outpacing supply in the Middle East.
