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.
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.
Washington Federal Inc. in Seattle said Thursday that profits in its fiscal-year fourth quarter nearly doubled from a year earlier as its volume of problem loans continued to shrink.
New York Community Bancorp Inc. in Westbury, N.Y., on Wednesday reported that third-quarter earnings were virtually flat from a quarter earlier, at $119.8 million.
TD Retail Card Services in Mahwah, N.J., said on Wednesday that it will develop and administer a private-label credit card program for retailer Ashley Furniture Industries Inc.
Popular Inc. in San Juan, Puerto Rico, on Wednesday reported a decline in quarterly earnings due to fewer one-time gains and an increase it credit costs.
Pinnacle Financial Partners Inc. in Nashville, Tenn., reported a massive spike in third-quarter results due to the reversal of a deferred tax asset valuation.
