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.
More buyers, spurred by increased lending and an improved economy, are pursuing deals for banks with an abundance of cheap deposits.
Independent Bank Group said the firms had become shareholders after it bought Carlile Bancshares last year.
Financial Institutions, the parent of Five Star Bank, was hit with a "needs to improve" rating after a review of its activities from 2011 to 2013.
BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.
A customer is claiming that the Chicago bank operates a "predatory" overdraft fee program.
Scratch beneath the surface, and there is a lingering feeling among many in the banking, payments and mortgage sectors that not only is harassment present, but it may actually be inevitable. Experts say institutions need to combat that mindset — or else.
Limited organic growth opportunities and rising premiums for bigger deals are fueling more sales of banks with $1 billion to $10 billion in assets.
While the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech.
An investor had accused John Peck of using a HopFed lawyer to handle his purchase of real estate from an influential member of the company's board.
Judges recently ordered two banks to pay the legal fees for activist investors after certain roadblocks backfired. Their missteps can serve as a lesson for other skittish institutions.
Carson Lappetito has a long history of working with firms tied to Eric Hovde, chairman and CEO of Sunwest's holding company.
Stilwell Group and Jeffrey Thorp will gain board seats in exchange for a vow to refrain from waging proxy battles against MB Bancorp.
Bank consolidation in the city has picked up in recent months despite erratic oil prices and flooding tied to Hurricane Harvey.
The Michigan company has been acquisitive lately, buying California branches and a wealth advisory firm.
The company could use proceeds from the planned offering to add branches and make bigger loans.
The Chicago institution, formed in 2010 to buy the failed ShoreBank, has hired Sandler O'Neill to gauge interest from potential buyers, according to a published report.
Having solid relationships with those who cover the banking industry can lend credibility to management teams, especially when times are tough.
As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.
Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market.
The company, which is planning to sell at least $25 million in stock, said in a presentation tied to the offering that it is well positioned for M&A.