
Paul Davis
Founder, Bank SlatePaul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
The company has hired an investment bank to help it consider strategic alternatives, which could also include recapitalizing.
The North Carolina company reported lower net income from a year earlier after extinguishing nearly $3 billion in Federal Home Loan bank advances. BB&T also reported more regulatory charges as it deals with a consent order.
The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators.
Jefferson Harralson, the Georgia company's new chief financial officer, had covered banks at Keefe, Bruyette & Woods for 15 years.
Yman Vien says she lost her job at American Metro Bancorp because of her gender. The bank says the move was tied to poor decisions that led to a regulatory order in 2009.
The Memphis, Tenn., company also reported an improvement in credit quality during the first quarter.
The company appointed a representative of Stilwell Group to its board. Stilwell, meanwhile, agreed to back Delanco's board nominees and refrain from pushing for the company's sale.
The deal, which is expected to close in the fourth quarter, values Cornerstone at $25.8 million.
Anchor's sale agreement comes less than a year after it put a representative of the activist investor Stilwell Group on its board.
These execs say they are finding ways to reduce fixed costs in areas such as branching and personnel, offer appealing tech, yet provide in-person services when customers have concerns.