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.
Nara Bancorp Inc. and Center Financial Corp. said on Monday that they had cleared their last regulatory hurdle for their planned merger after they received approval from the Federal Deposit Insurance Corp.
The Spokane, Wash., bank added a chapter to its comeback story Monday in agreeing to buy the banking operations of an instate rival.
South Valley Bancorp Inc. in Klamath Falls, Ore., has withdrawn its plan to go public, stating in a Securities and Exchange Commission filing that "current market conditions make proceeding with this offering unattractive."
Promontory Interfinancial Network LLC will integrate its Insured Cash Sweep and Certificate of Deposit Account Registry Service with Fiserv Inc.'s Premier bank platform.
A homeowner defense association has accused New York's largest foreclosure law firm of inappropriate behavior and asked the state's top judge to stop any foreclosure cases the firm handles.
American Express Co. has hired Linda Zukauckas to be an executive vice president and corporate comptroller. Zukauckas joins American Express from Ally Financial, where she was the managing director of corporate strategy.
Citigroup has named Manuel Medina-Mora head of global consumer and commercial banking, and also moved around several other top executives.
Kentucky First Federal Bancorp in Hazard, Ky., has is acquiring CKF Bancorp Inc. in Danville, Ky., in a deal that would expand its branch network into two new markets in its home state.
Community West Bancshares in Goleta, Calif., has named Martin E. Plourd as president and chief executive of its bank subsidiary, Community West Bank.
The company said Wednesday that it had appointed two regional presidents for its U.S. commercial banking group.
Community West Bancshares in Goleta, Calif., has named Martin E. Plourd as president and chief executive of its bank subsidiary, Community West Bank.
Joseph E. Hasten, a former vice chairman at U.S. Bancorp, died Tuesday after a brief illness. He was 59.
Ocean Store Holding Co. in Ocean City, N.J., reported late Wednesday that its third-quarter earnings fell 16% from a year earlier, to $1.2 million, due to expenses tied to an acquisition.
BB&T Corp. in Winston Salem, N.C., said Thursday that it had inked its third insurance deal in as many months with the acquisition of California employee-benefits consulting firm, Precept Group.
Community Bancorp LLC in Houston said Wednesday that it will change its name to Cadence Bancorp LLC next week.
Jack Henry & Associates said its first-quarter net income for its fiscal year 2012 rose 15% to $36.5 million from a year earlier, lifted by growth in support and service revenue.
Fiserv said Tuesday its third-quarter revenue rose 3% to $1.06 billion from a year earlier due to revenue growth in its payments segment. Its net income fell 5% to $127 million from a year earlier.
With its future in doubt, the company hires investment banks to help it explore its options.
Royal Bancshares of Pennsylvania Inc. reported a third-quarter loss of $1.9 million and an impairment charge overshadowed improved credit trends.
Only 3% of consumers would continue using their current debit card if a fee were imposed, according to the results of an online poll released Tuesday by the National Foundation for Credit Counseling.
