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.
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.
Receiving Wide Coverage ...Trader Sneak Peek Ending: Thomson Reuters will suspend providing a select group of investors with advance results of an important consumer confidence survey from the University of Michigan. The financial information company pays the school more than $1 million a year for the privilege of being the exclusive distributor of the report and releases the data two seconds early to about a dozen clients, who pay a hefty fee. Legal experts claim that the arrangement does not violate insider trading laws, the New York Times says. Thomson Reuters is a not a government agency, so it can distribute information as it sees fit as long as it discloses the practice. But New York Attorney General Eric Schneiderman began investigating in April to see if the advance look violates state securities-fraud law. Thomson Reuters "is fully cooperating with the N.Y. Attorney General's review and made this change voluntarily at the request of the Attorney General," the company said in a statement, according to the Wall Street Journal. Wall Street Journal, New York Times
Carolina Premier Bank hopes its blend of Southern charm and robust technology (robotic bankers, anyone?) will be a hit with residents in the nation's capital.
First Virginia Community Bank in Fairfax has named a new chief operating officer and added a chief marketing officer position.
Despite a drop in truth in lending lawsuits, industry executives fear that new regulations and the emergence of the Consumer Financial Protection Bureau could prompt a revival in disclosure-related lawsuits.
A recent study found that customers want products like identity theft alerts and mobile bill pay from their banks. But many community banks are unable or unwilling to offer those products.