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.
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.
United Community Banks Inc. in Blairsville, Ga., said it will record a special loan-loss provision of $25 million for the third quarter due to concerns over collateral associated with its largest loan relationship.
Gibraltar Private Bank and Trust Co. in Coral Gables, Fla., has added to its wealth management division by hiring two employees with ties to Lydian Private Bank, which was closed by regulators in August.
U.S. Bancorp said Tuesday that it has launched a new iPhone app that lets its retail partners offer instant credit to their customers.
Bremer Bank in St. Paul, Minn., will upgrade its current Fiserv online banking platform to Corillian Online and add CheckFree RXP for electronic bills and payments.
Mitek said Tuesday that it released a new version of its mobile check deposit product and that it has appointed Russell C. Clark as chief financial officer.
FNB United Corp. is another step closer to completing its proposed acquisition of Bank of Granite Corp. after receiving approval for the deal from the Federal Reserve of Richmond.
Chaotic stock markets are complicating bank deals like Brookline's planned purchase of Bancorp Rhode Island. Brookline extended for the second time the deadline for the seller's shareholders to decide how they will be paid.
HSBC has appointed Irene Dorner, American Banker magazine's fourth most-powerful woman in banking, president and chief executive of HSBC USA.
Ambassador Financial Group Inc. of Allentown, Pa., has bought Danielson Associates LLC of Bethesda, Md.
Royal Bancshares of Pennsylvania Inc. in Narbeth said Friday that Wayne Huey Jr. was elected to its board.
Reliant Bank in Brentwood, Tenn., is looking to raise up to $12 million to satisfy an agreement with regulators and to promote growth.
Fearing that banks might get off too easy in the multi-state mortgage settlement talks, Massachusetts Attorney General Martha Coakley is preparing to file lawsuits against the nation's largest servicers for wrongfully foreclosing on customers.
First Tennessee Bank in Memphis is taking an unusual approach with its new debit card fees: instead of collecting a monthly fee, the bank will charge its customers a few cents every time they use their debit cards.
Alliance Data Systems Corp. will take over the private-label credit card program for Pier 1 Imports Inc., the retailer said Thursday.
Pittsburgh bank adds $250 million over 10 years to its early childhood education program, which used Big Bird &Co. to break ice with skeptical parents.
