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.
Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound.
John Kimberly, who was CEO of a bank that CAB bought in 2014, is set to take the helm on Jan. 1.
The deal includes roughly 120 client relationships. Employees in CenterState's trust department will join Cypress Trust.
MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes.
The fires are raging in Los Angeles and Ventura counties, prompting California's governor to declare a state of emergency.
Columbia Financial will sell about 43% of its stock in a public offering that could raise up to $493 million.
Eagle Bancorp vigorously defended itself after a potential short seller made claims of dubious insider dealings, pushing back harder than many banks have in the past.
Eagle is trying to debunk claims by Aurelius Value that CEO Ronald Paul and other directors are involved in an insider loan scheme. Eagle dismissed the report as an effort by short sellers to manipulate its stock.
The $528 million acquisition ends months of speculation that the foreign-owned banks were pursuing a deal.
Five years have passed since M&T agreed to buy Hudson City, only to be tripped up by anti-money-laundering issues. With a clean bill of health from regulators and Hudson integrated, management is again talking about its interest in deals.
A lot of lenders say they're dedicated to customer service, but here are six instances when Amarillo National Bank — whose CEO is one of our Banker of the Year award winners for 2017 — went above and beyond the normal call of duty.
Ware has been named a 2017 Banker of the Year award winner for transforming the family-owned bank into a highly profitable community lender that takes calculated risks and prides itself on treating employees and customers well.
Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.
The service will require more coordination between the bank and its parent company, BNP Paribas.
The trade group wants Equifax to reimburse community banks for costs tied to the massive data breach at the credit bureau this year. The ICBA also wants a court to order Equifax to improve its security measures.
The Michigan company, which lost more than $1.4 billion in the aftermath of the financial crisis, is trying to become more of a commercial lender. Its recent agreement to buy a deposit-rich franchise in California could help it get there.
While technology will let many banks cut staff and reduce the size of branches, factors such as geography, customer demographics and strategic direction will ultimately shape the look and feel of future offices.
Bank of McKenney rebranded itself as Touchstone Bank after its merger with CCB Bankshares.
Freeing a number of big banks from enhanced oversight, including capital requirements, could motivate CEOs to pursue deals. Still, other impediments could prevent a flood of large mergers.
Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable.