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.
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.
FNB United Corp. in Asheboro, N.C., said it completed a one-for-100 reverse stock split.
Wells Fargo is consolidating some of its wealth-management operations into a new unit, in an effort to get its hands on more of its clients' money.
German American Bancorp Inc. in Jasper, Ind., reported Tuesday third-quarter earnings of $5.2 million, up about 44% from a year ago, due to increased noninterest income and reduced operating expenses.
The Nasdaq Stock Market will suspend the trading of Provident Community Bancshares Inc.'s common shares at the open of business on Thursday due to the company's failure to comply with certain listing rules.
Sabal Financial Group L.P. in Newport Beach, Calif., has purchased $142.2 million of loans from Bank of the Cascades in Bend, Ore.
Bank of America said Monday that it is hiring 25 wealth-management advisers in the Southeast region, including in Atlanta, Charlotte, N.C., and Nashville, Tenn. The Merrill Edge Financial Solutions advisers will serve customers who have investable assets between $50,000 to $250,000.
Hampton Roads Bankshares Inc.'s shares plunged Monday after the company posted a third-quarter loss of $26.7 million, compared with a loss of $18.8 million in the second quarter.
Independent Bank Corp. in Ionia, Mich., reported a third-quarter loss of $5.2 million, showing some improvement from a year earlier.
First Business Financial Services Inc. in Madison, Wis., reported third-quarter earnings of $2.2 million, more than double its profit from a year ago, thanks to strong revenue and margin growth.
Central Pacific Financial Corp., which lost more than $364 million in 2009 and 2010, has now made money in three straight quarters as the Honolulu company continues to shed problem assets.
ABN Amro has opened a new office in Dallas to do more business with energy, commodities and transportation clients.
Glacier Bancorp Inc.'s shares fell Friday after the company posted a third-quarter loss of $19 million due to a $32.6 million goodwill impairment charge.
James F. House soon will take the helm of United Security Bancshares Inc., a Thomasville, Ala., banking company that has hit hard times.
Alliance Data Systems Corp. said Thursday that it has signed a new long-term agreement to issue private-label credit cards on behalf of women's clothing retailer Christopher & Banks Inc.
KeyBank said Wednesday it has appointed Rodney Drake as vice president and coordinator for its program geared towards low-income and underserved customers.
