
Kristin Broughton
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
James Herbert, 72, has once again postponed retirement. The longtime CEO was scheduled to step down at yearend, but the company says he will remain at the helm through 2020.
The top executives at Guaranty Bank said that, after years of struggles, the $1 billion-asset bank was a month or two away from raising the capital it needed to survive.
Ignacio Alvarez, who takes over this summer from Richard Carrion, addresses the tough challenges the bank faces as looming cuts to government services and benefits could be painful for consumers and businesses on the Caribbean island.
The regional bank has a deal to acquire Western Reserve Partners, which offers merger-advisory services to midsize companies.
Wells survived a fierce proxy fight at its annual meeting, but that’s not stopping some key investors — including the California State Teachers' Retirement System and the New York City pension funds — from pressuring the embattled bank to quickly replace most of its directors.
Craig Dahl, who took over as CEO last year when Bill Cooper retired, has added the chairman title.
The tech-focused banking company reported loan growth of 15% in a solid first quarter thanks partly to stronger lending to private-equity and venture capital clients.
Kate Quinn, one of American Banker's 25 Women to Watch in 2016, was given expanded duties, and consumer banking chief Kent Stone will retire.
Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum.
Chaos broke out periodically as investors and activists spoke out against the board, at times yelling or choking back emotion.