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 bank wants to make acquisitions in central Florida, but CEO Michael Micallef keeps hitting snags with loan books, cultural fit and deal structure.
Improved loan quality is allowing banks to reduce provisions, but industry experts believe that option may soon be tapped out.
Outsiders were as excited as executives of the Columbus, Ga., bank after it repaid its Tarp funds, said CEO Kessel Stelling, who received scores of well-wishes.
Bankers must do a lot of homework when a vendor is sold in order to prepare for the transition and potentially take advantage of the change.
EverBank Financial (EVER) in Jacksonville, Fla., reported higher second-quarter earnings and said it would shut its wholesale-mortgage business.
Synovus Financial, which endured a drubbing from the economy while overcoming massive challenges, has a large to-do list if it wants to regain relevance.
Slowly but surely, community banks have been lending out more of the deposits they take in, a healthy sign for the industrys profitability.
BNCCorp in Bismarck, N.D., has appointed an interim leader after Gregory Cleveland, the $798 million-asset company's chief executive, died Tuesday after a sudden illness. He was 65.
Community banks are once again considering offering credit cards after retreating from the product after the financial crisis.
Synovus Financial (SNV) in Columbus, Ga., will raise roughly $125 million through a preferred stock offering.
An upcoming dividend rate increase on shares issued under Tarp could prompt more banks to find buyers.
The Georgia company is finally ready to exit the Troubled Asset Relief Program, allowing executives to set their sights on increasing revenue.
Synovus Financial (SNV) said Thursday it plans to use a combination of new capital and cash on hand to repurchase preferred stock from the Troubled Asset Relief Program.
Fifth Third, Huntington and KeyCorp all meet or beat earnings estimates, but in conference calls with analysts Thursday their executives were cautious about their growth prospects for the second half of the year.
KeyCorp (KEY) reported a decline in second-quarter earnings, citing additional expenses from a cost-cutting initiative.
Community bankers from Kentucky, Utah and North Dakota discuss specific ways they use Facebook, Pinterest and other social media to get to know their customers better and look engaged in their towns.
Normally community banks avoid loan participations with nearby rivals, but a group of Delaware banks decided they had to do so to compete with big banks and survive.
Leslie Godridge, a corporate lending executive at U.S. Bank, was recently honored at a Wall Street fundraiser by the UJA-Federation of New York for her work in the arts and with Junior Achievement.
Technology is among the biggest expenses for small banks, so it is important for managers to read the fine print before finalizing a contract.
Wealth management advisors must strike a balance between recognizing investment differences between men and women and avoiding stereotypes when courting female prospects.