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.
David Ritchie, a regional manager for U.S. Bank, will succeed the retiring David Tabor in early November.
The bank is looking to raise $72 million, which it could use for organic growth and acquisitions.
The Montana company agreed to buy Inter-Mountain Bancorp in an all-stock deal valued at $173 million. The company has lined up nine bank acquisitions in the last five years.
Loan growth drove the New York bank’s 20% increase in third-quarter earnings, and those results don’t include its acquisition of Astoria Financial this month.
The Salt Lake City bank reported strong 3Q results despite unexpected expenses tied to hurricane damage in its Texas market, and it vowed to stay on track in meeting its cost-savings goals.
The Green Bay, Wis., company's CEO predicted “mid-single-digit” annual loan growth after a third quarter that included a 10% increase in deposits and 4% rise in average loans.
The Lafayette, La., company also reported its third-quarter earnings, which fell by more than 41% from a year earlier as it recorded several one-time charges.
First Reliance in South Carolina, which recently announced its first bank acquisition, is angling to take advantage of disruption caused by bigger mergers in the Carolinas.
The company agreed to buy Commercial Bancshares for $59 million in stock.
Bob Ramsey, who had worked for FBR Capital Markets for more than a decade, will handle investor relations and strategic planning at Customers.
Recent hurricanes and wildfires still raging in California are fresh reminders to bankers of the importance of emergency preparedness plans.
The Tupelo, Miss., company has recouped its “satisfactory” community reinvestment rating, removing a regulatory obstacle to two pending acquisitions.
Millennials care about more than money. So it's important for recruiting efforts to show what bankers do for their communities.
Business First will raise $66 million through a stock placement to help fund the deal.
Facing persistently low loan yields, increased competition and higher regulatory costs, many community banks are at risk of becoming irrelevant unless they rethink their business models.
The $30 million acquisition has hit a snag over problems with Franklin’s commercial real estate portfolio.
The Ohio company's CRA rating took a hit after it inadvertently overcharged some customers.
The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.
George Sutton, now an attorney in Salt Lake City, will sit on several Glacier Bancorp committees, including audit and compliance.
The merger will create a bank with 13 branches and roughly $950 million in assets.