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.
A wave of management changes at Korean-American banks highlights the difficulties of filling key posts in a niche banking industry.
WSFS Financial in Wilmington, Del., holds the picture contest to engage customers and employees while highlighting improvements to its mobile banking.
Fee waivers on overdrafts, forbearance are just some options banks are offering to federal employees who could soon miss a paycheck or two.
The threat of Basel III-related dividend restrictions could make it harder for the more than 2,000 banks with S corporation tax status to attract investors. S Corp banks were already on the decline.
A host of regulatory issues, including new mortgage rules set to take effect in January, assures that Andy Harmening has a busy year ahead of him as the new chairman of the Consumer Bankers Association.
Customer complaints, compliance and risk management all continue to make it difficult for community banks to embrace sites such as Facebook and Twitter.
The Museum of American Finance is dedicating its largest exhibit ever to an examination of the Federal Reserve System's history, culture and role in the U.S. over the past 100 years.
Community banks should do some serious soul searching about their mortgage operations as they approach the CFPB's January implementation deadline.
More community banks are establishing credit card loyalty programs in their quest for revenue growth. The programs can work provided they are easy to understand, pay a lot of cash and tie rewards points to local services.
Douglas Manditch, chairman and chief executive at Empire National Bank, believes community banks are being squeezed by "overzealous" regulation and are feeling pressure to sell.
Receiving Wide Coverage ...Sweet Partial Victory: Bankers were mostly happy with a revision that softens the criteria for qualified residential mortgages. A provision of the Dodd-Frank Act requires banks and other lenders to retain 5% credit risk of loans they sell on the secondary market that don't fit QRM requirements. However, regulators revised the definition of the QRM exemption and it is so broad that 98% of loans last year would have been covered, the Wall Street Journal said.
Traditional bank M&A in Georgia has been nearly dead in recent years, but Hamilton State Bancshares' deal this week to buy Cherokee Banking suggests that the Peach State may be primed for consolidation.
Community banks brace for limited selection, but embrace one-stop shopping, as consolidation takes place among IT firms.
Regions Financial is sponsoring the college football museum that opens next year in Atlanta, a priority market for Regions.
Despite better-than-expected returns so far, industry observers believe that the Treasury Department will take larger haircuts at is unloads less desirable stakes in banks.
Doral Financial in Puerto Rico is aiming its philanthropic work at women entrepreneurs to improve the fortunes of its community and its own.
Sellers will say rising rates makes them more valuable. Buyers will say the same trend makes sellers less valuable. Add this impasse to the list of complications for bank M&A.
The Spokane, Wash., bank could not rename its two retail operations in California "Sterling" because of legal matters, so executives turned to their French-English dictionary for a unique substitute: "Argent."
TowneBank bought a minority stake in a security firm to help protect its commercial customers and boost revenue.
The Chevy Chase, Md., network completed two loans totaling $40 million that were secured by long-term care facilities in California and Ohio, BancAlliance said Thursday.