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.
With prolonged low interest rates, Centric Bank is targeting niche groups while eyeing ways to poach customers from recent sellers in Pennsylvania.
Canadian Imperial Bank of Commerce has made good on its promise to keep key PrivateBancorp executives.
Old National Bancorp's more than 2,900 employees are treated to a variety of benefits, including financial help during personal emergencies. These benefits are seen as necessary steps to keep employees happy and reduce turnover.
Quirky Amarillo National Bank asks the strangest job interview questions, has a "director of celebrations" on staff, and makes sure nobody has a title with the word "chief" in it. There isn't even a CEO.
Sometimes what makes a bank a great place to work is more about the coworkers than the job itself.
The Windy City is littered with small, privately held banks, some of which are looking to sell. Here is an overview of the challenges and possible solutions faced by those banks and ones like them in clogged banking markets around the country.
Several court decisions in Delaware could make it harder for shareholders to sue banks following a merger announcement.
Zions Bancorp. in Salt lake City posted higher quarterly earnings after cutting expenses and making more loans.
KeyCorp is on pace to complete its biggest acquisition to date next week. The company will face intense scrutiny to deliver promised financial returns as quickly as possible.
KeyCorp in Cleveland posted lower quarterly profit as merger-related expenses cut into the bottom line.
North Carolina's second-biggest community bank agreed to sell itself at a rich premium, signaling that the state has become an attractive market for acquirers. Adding an out-of-state bank could also create opportunities for *locals* to poach business.
BancorpSouth in Tupelo, Miss., reported weaker quarterly profit after boosting its loan-loss provision and recording lower fee income.
H. Rodgin Cohen has just about seen it all over his decades of work advising bankers. The well-known lawyer looks at existing issues for banks while reflecting on past mergers that paid off for their participants.
Synovus Financial in Columbus, Ga., reported higher second-quarter earnings on solid growth in revenue and loans for investment properties.
Banks with a special focus, such as social equality or environmental sustainability, have to overcome additional hurdles while looking for an acquisition.
Royal Bank of Canada and CIBC have plunked down $9 billion in the past year to buy U.S. banks, ending a brief lull from Canadian banks. Expect more activity from those banks and others.
The Canadian company took its time before making a bank acquisition in the U.S. The wait allowed management to address internal performance, assess the market and find the right bank to buy.
The Canadian company is determined to rely on low-cost deposits, lending prowess and cross-selling to justify the price it will pay for PrivateBancorp. Each of those strategies could backfire, highlighting why most acquirers emphasize cost-cutting when pitching a deal.
Suffolk Bancorp said increased oversight of commercial real estate contributed to and may have accelerated its decision to sell to People's United. Other banks could make a similar choice.
First Bancorp in Southern Pines, N.C., has agreed to buy Carolina Bank Holdings for $97.3 million, or $19.26, in cash and stock.