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.
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.
Enterprise Bancorp Inc. in Lowell, Mass., posted third-quarter earnings of $2.9 million, up almost 8% year over year, due to strong loan growth.
Weemba, a new online provider that connects borrowers with lenders, reported Monday that loan listings relating to health-care expenses made up more than half of its requests so far.
Bank of Hawaii Corp. in Honolulu posted third-quarter earnings of 92 cents a share, nine cents more than the average expectation of analysts.
Metro Bancorp Inc. in Harrisburg, Pa., posted a third-quarter loss of $5.7 million due to increases in the loan loss provision and chargeoffs.
Under an order from regulators to raise fresh capital, Central Federal Corp. in Fairlawn, Ohio, said in a Securities and Exchange Commission filing Friday that its shareholders have approved a plan to more than quadruple its number of outstanding shares.
Prosperity Bancshares Inc. in Houston reported on Friday third-quarter income of $36.4 million, up about 13% from the same period a year earlier, due to strong loan growth and a decline in problem assets.
Sandy Spring Bancorp Inc. in Olney, Md., said Thursday that its net income rose almost 33% from a year earlier, to $11.3 million.
Simmons First National Corp. in Pine Bluff, Ark., said Thursday that its third-quarter earnings fell 4% from a year earlier, to $7.3 million, due primarily to sharp drop in income from from the sale of student loans.
Nineteen financial services firms were named to Working Mother's 100 Best Companies list for 2011, edging out healthcare (18 honorees) as the most well-represented business category.
Brookline Bancorp Inc.'s shares were down almost 6% Thursday morning after the company said it was delaying the release of its third-quarter earnings report.
