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.
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.
The private equity firms plan to sell a total of 3 million shares in the Houston company in coming weeks.
You read that right. Community bankers hope efforts by JPMorgan Chase, Amazon and Berkshire Hathaway will drive down health care costs — and maybe create products or services they can use.
Hadley Robbins had a difficult task stepping in after Melanie Dressel's unexpected death last year. Now he must find ways to keep expanding without disrupting a system that has proved successful.
Kim Manigault, who previously was chief financial officer for the company’s technology and operations organization, will be responsible for ensuring that Key continues to make diversity and inclusion a priority in hiring.
The Florida company reported increased net income even though its loan pipelines and production were hurt by last year's storms.
The Louisiana company recorded charges tied to recently passed tax reform and the purchase of Sabadell United Bank.
Nano Financial will offer new technology to Commerce Bank's commercial customers as it considers ways to license it to other financial institutions.
The New York company recorded more than $130 million of expenses tied to its October purchase of Astoria Financial.
The Pittsburgh company reported a noisy fourth quarter that included expenses tied to its purchase of Yadkin Financial and a reduction in the value of its deferred tax assets.
The Florida company's fourth-quarter results included double-digit loan growth and a $328 million income tax benefit associated with recently passed tax reform.
The Salt Lake City company reported an efficiency ratio of 61.6% despite charges and costs tied to recently passed tax reform.
There were no sighs of relief from bankers, who realize their planning could still prove useful as the potential for another shutdown looms.
It was thought tax cuts could fuel a rise in bank deals, but regionals seem to be leaning toward digesting what they have already bought, pursuing smaller, nonbank deals and rewarding shareholders.
Merger- and tax-related charges took a bite out of fourth-quarter profits at the Cleveland company, but its CEO emphasized that a recent deal and tax reform are promising for growth.
Kevin Lycklama is set to succeed Patrick Sheaffer, who has led the company since 1976.