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.
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.
Fifth Third Bank announced Thursday that Chief Risk Officer Mary Tuuk will be moving into a new role as president of the bank's Western Michigan region.
Trustmark National Bank in Jackson, Miss., has set up a mortgage lending shop in Birmingham, Ala., to serve its growing retail and wholesale customer base in the state.
First Midwest Bancorp Inc. in Itasca, Ill., said Wednesday that it had received approval from the Treasury Department to redeem $193 million in preferred stock issued in December 2008 under the Troubled Asset Relief Program.
Nara Bancorp Inc. announced this week that it intends to raise $55 million in connection with its pending acquisition of Center Financial Corp. — a far cry from the $150 million it initially said it would need to seal the deal.
NBT Bancorp Inc. in Norwich, N.Y., reported third-quarter net income of $15.2 million, up 4.4% from a year earlier, due largely to improved asset quality.
Wheelers and dealers this week reported a mix of business gains and higher expenses from recent acquisitions. Truth is, it will take a long time to sort out the winners and losers.
TD Retail Card Services said Tuesday it will issue credit cards on behalf of outdoor power equipment manufacturer Cub Cadet.
FirstMerit Corp. in Akron, Ohio, reported third-quarter earnings of $31.7 million, up about 9% year over year, thanks to increased commercial lending activity and fewer problem assets. Earnings per share were rose 7%, to 29 cents, beating analysts' estimates by a penny, according to Thomson Reuters.
Morgan Stanley has agreed to sell Saxon Mortgage Services Inc. to Ocwen Financial Corp. in the latest example of Wall Street's retreat from the beleaguered mortgage servicing business.
Piedmont Community Bank Holdings Inc. in Raleigh, N.C., said Monday that it received regulatory approval to buy a majority stake in Crescent Financial Corp. for $75 million.
