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.
Safe. Small. Privately Held. Those were the descriptions of the five M&A deals that occurred in the span of a few days. A lot has to change before many prospective buyers and sellers take the plunge.
Bank of North Carolina in Thomasville, N.C., announced Thursday that it is buying Regent Bank in Greenville, S.C., for $9.8 million.
A new survey released Thursday by the American Bankers Association revealed that, for the first time, most Americans 55 years and older prefer to do their banking online rather than at branches or automated teller machines.
To JPMorgan Chase & Co.'s Catherine Moore, the secret to a successful juggling act is taking a step back.
Alliance Data Systems Corp. said Thursday that Ivan Szeftel, president of its private label services business, will retire from that position in March.
Leslie Gillin was named as head of Citi Cards sales and marketing, Valerie Greer was named head of partnerships and the young adult unit and Barry Rodrigues was named global head of network strategy and management.
Fast-growing Signature Bank in New York announced Thursday that it has opened a new office in Manhattan and recruited a team of bankers from HSBC USA to join one of its private-client banking offices in Queens.
NACHA survey finds twentysomethings long to be green and reduce clutter.
Capitol Federal Financial Inc. in Topeka, Kan., has decided to wait until its one-year anniversary as a 100% stock-owned company before before pursuing a stock buyback program.
BlueRidge Bank in Frederick, Md., is expanding its operations in the Baltimore metropolitan area by converting its year-old commercial loan office there into a full-service branch.
Equifax has acquired Datum, a Costa Rican credit reporting company.
Just days after announcing plans to raise $10 million in a preferred stock offering, BofI Holding Inc. in San Diego now says it intends to raise $18 million.
App lets students deposit checks using their iPhone, iPad or dorm room scanner.
The FDIC has terminated its consent order against Clarkston State Bank in Michigan after the bank recapitalized with investments from private citizens and current board members and made improvements in managing its loan portfolio.
Renasant Corp. in Tupelo, Miss., has completed its acquisition of RBC Bank's Birmingham, Ala.-based trust department.
BofI Holding Inc. in San Diego is planning to raise $10 million in a stock sale and intends to use the proceeds to support growth and to boost regulatory capital at its bank subsidiary, Bank of Internet USA.
Discover Financial Services has agreed to purchase $2.5 billion of private student loans from Citigroup Inc., as the lender continues diversifying beyond its main credit card business.
Computer Services Inc. said Thursday that it completed its acquisition of Heit. It did not disclose the price of the deal, which it announced Aug. 10.
Despite claims that free banking is in danger due to new regulatory measures, a new survey released Thursday by a banking industry trade group revealed that more than 70% of customers avoid paying any fees.
Weighed down by problem loans, Anchor Bancorp in Lacey, Wash., reported a loss of $4.7 million in the quarter that ended June 30, more than quadrupling its loss from the same period a year earlier.
