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.
Doral Financial (DRL) in San Juan, Puerto Rico, has agreed to sell roughly $825 million of assets to Abbey Finance Holdings PR.
Berkshire Hills Bancorp recently recruited William Ryan, retired TD Banknorth CEO, leading some observers to discuss what role he might play in the Massachusetts company's growth plans.
Savings Bank of Danbury and Greylock Federal Credit Union are working with Fiserv and the University of Connecticut to examine how Millennials interface with mobile banking.
Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.
Half of all frequent credit card users are unbothered, or feel relieved, when a legitimate transaction is blocked, a new study found. The results show that cardholders are appreciative that banks are becoming more vigilant about fraud.
Needham Bank has too many loans and not enough deposits. Its solution to aggressively add branches runs counter to emerging trends in the banking industry.
Community banks in the Old Line State have benefitted from a strong economy, but higher regulatory costs, rate pressure and competition could force many to consider selling in coming months.
Once the Puerto Rican company repays its Tarp funds, management will focus on growing in New York and south Florida. The company also hopes to benefit from any improvement in the Puerto Rican economy.
The agency has been applauded for efforts to shorten the application process for certain 7(a) loans, though the move has also raised concerns about the potential for loosened underwriting.
Mutuals also face a disadvantage with succession planning because they are unable to offer equity-based compensation. Instead, mutuals need to highlight cultural advantages that include a better quality of life and greater stability.
A number of banks are looking at checking accounts without overdraft fees or check writing as a way to reach new customers and deepen relationships.
Doral Financial's (DRL) dispute with the Puerto Rican government over a tax refund will be heard on an expedited basis by the territory's courts.
The company claims in a lawsuit against the Puerto Rican government that the territory could lose "a major lender in the Puerto Rico housing market" if it is denied a $230 million tax refund.
The Columbus, Ohio, company started giving away pens in its branches in 2010. Now more than 20 million are in circulation around the world with a few ending up in bizarre places, including the movie Bad Grandpa.
Astoria Financial has shifted its attention away from residential mortgages to becoming a full-service bank that offers business banking and commercial real estate loans.
The emergence of several regional banks in California could prompt smaller institutions to weigh their M&A options. Higher operating costs and limited revenue opportunities could also force more consolidation in the state.
Women need to stop stressing out about giving equal attention to personal and professional goals, Teresa Taylor writes in her latest book. Taylor, a director at First Interstate BancSystem, also advises women to be more aggressive with networking if they want to sit on more corporate boards.
Community banks that are looking to complete acquisitions are deciding to go public so they have a stronger currency to offer potential sellers. However, recent IPOs have not performed as well as earlier ones.
David Malone, former CEO of Community Bank in Pasadena, Calif., was appointed to BBCN's board, which expanded to 11 members.
The Puerto Rican company is looking to shore up its capital levels after the FDIC invalidated about 40% of its Tier 1 capital. Management will have plenty of challenges as it looks to fill the capital hole.