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.
Driven by improved loan demand, ServisFirst Bancshares Inc. in Birmingham, Ala., reported Monday that its third-quarter income rose 25% from a year earlier, to $6 million.
Early provider of online banking services directed at small businesses.
Porter Bancorp in Louisville, Ky., has been told by the Federal Reserve to ensure that its PBI Bank complies with a consent order issued by the FDIC and the Kentucky Department of Financial Institutions.is under orders from the Federal Reserve to serve as a source of strength for its PBI bank.
Republic Bancorp Inc. in Louisville, Ky., reported on Tuesday that it earned $7.9 million in the third quarter, an 8% increase from the same quarter last year. Its diluted earning per share rose 9%, to 38 cents.
Earnings for Western Alliance Bancorporation in Phoenix jumped 550% for the third quarter from a year ago to $13 million, due largely to strong loan growth and improved asset quality.
Under pressure from investors to improve its performance, HF Financial Corp. in Sioux Falls, S.D., announced that it is replacing its longtime chairman and chief executive, Curtis L. Hage.
Pacific Continental Corp. in Eugene, Ore., reported Monday that its income for the third quarter was $2.6 million, up 125% compared with the same period a year earlier. Earnings per share more than doubled, to 14 cents, beating consensus analysts’ estimates by three cents.
S&T Bank in Indiana, Pa., said Monday that it is launching a mobile banking system that allows customers to access their accounts via text, the Web or through an app on iPhone, Android and Blackberry.
Washington Federal Inc. in Seattle said Monday that it had completed its purchase of six Charter Bank branches and $254 million in deposits in New Mexico.
Intervest Bancshares Corp. in New York said Monday that its third-quarter earnings rose 4% from a quarter earlier, to $2.6 million.
Eagle Bancorp Inc. in Bethesda, Md., has hired Virginia Navas Heine to oversee its commercial and industrial lending.
Under pressure from investors to improve its performance, HF Financial Corp. in Sioux Falls, S.D., announced Friday that it is replacing its longtime Chairman and Chief Executive Curtis L. Hage, effective immediately.
First BanCorp. in San Juan, Puerto Rico said it had brought on as its nonexecutive chairman Roberto Herencia, who had been the president and chief executive of Midwest Banc Holdings in Melrose Park, Ill., from 2009 to 2010.
BancFirst Corp. in Oklahoma City reported a third-quarter profit of $12.6 million, up 6.7% from the same period in 2010. Earnings per share rose 8%, to 81 cents, beating consensus analysts' estimates by nine cents.
Bank of America Corp. is beefing up its wealth management team by hiring more than 80 financial advisers in the metro Northwest region.
Prepaid marketer NetSpend Holdings Inc., which recently lost some crucial distribution partners, has rebounded with 7-Eleven Inc.
Wells Fargo & Co. has bolstered its mergers and acquisitions group with the hiring of two new managing directors.
Bank of the Ozarks Inc. reported income totaling $83.8 million for the nine months that ended Sept. 30, representing an almost 78% increase from the same period in 2010.
Century Bancorp Inc. in Medford, Mass., said Tuesday that its third-quarter earnings rose about 40% compared to a year earlier, to almost $4.6 million, due to loan growth and a special gain.
Huntington Bancshares Inc. will start providing financing to car dealers in Wisconsin and Minnesota later this month.
