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 Westbury, N.Y., company reported a 15% drop in earnings despite recording a large gain on the sale of some securities.
The New York company, which is preparing to buy Astoria Financial, reported year-over-year increases in commercial-and-industrial and commercial real estate loans.
Union Bankshares in Virginia lost several key lending officers after it bought StellarOne. Management as a result has made changes to minimize employee flight from its latest M&A target, Xenith Bankshares.
The Cleveland company, once criticized for an initial six-year forecast, now believes it will only take four years to rebuild its tangible book value.
KeyCorp also recorded a gain after buying the remaining ownership interest in a merchant services joint venture.
Buying Capital Bank puts the company on a fast track for more regulatory scrutiny. Executives are identifying ways to boost revenue and taking other measures so it can handle the change.
On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country.
First Horizon reported lower fee income in the second quarter. The company said it is making progress planning for its pending purchase of Capital Bank Financial.
First Citizens is pressuring KS Bancorp to sell even though the banks' operations overlap in many markets in eastern North Carolina.
The North Carolina company could issue $200 million in new securities over time to fund acquisitions and other investments.
The region is responsible for a third of all bank sellers — and more than half of the industry's overall deal volume.
Sellers may shy away from partnering with banks that rely too heavily on one individual for their success, so buyers must show they are ready to handle unexpected departures or illnesses involving key personnel.
Its agreement to sell two branches to another Louisiana bank is part of a broader plan by MidSouth's new CEO to eliminate seven branches.
Rob Kunisch will succeed Jack Steil as CEO of 1st Mariner Bank, which has been seeking to right itself after years of difficulties.
While overall activity remains slow, sellers — particularly those flush with core deposits — are fetching premiums not seen in years.
Seeking to stay below $50 billion, the regional is selling its origination and servicing businesses.
The Canadian bank twice sweetened its bid for PrivateBancorp, raising the stakes. Now it must gain traction in the hypercompetitive Chicago market while hunting for more acquisitions.
One of the biggest challenges after a merger is deciding which people to keep and which to let go. Learning to identify certain habits and skills could simplify those decisions.
Chemical Financial was caught off guard by CEO David Ramaker's decision to retire. Fortunately, Chemical had retained Talmer Bancorp CEO David Provost after buying his bank a year earlier.
With interest in these cross-industry deals growing, the CU credited with the first whole-bank acquisition is launching a CUSO to facilitate the process.