Banking industry
Michael Jackson, the former chief executive of Birmingham Midshires, has been approached by Spencer Stuart to become the boss of Barclays Bank, following Martin Taylor's resignation last month. Jackson's extensive banking experience, including his previous roles at Citicorp, makes him a strong candidate for the position.
Banking industry
Flagstar Bancorp, Inc. has announced the opening of its newest banking center in Grand Haven, Michigan, marking the ninth new location the company has opened in 1998. This new banking center features the unique sit-down teller environment introduced by Flagstar earlier in the year and offers drive-up and ATM banking
Banking industry
Standard Federal Bank, a subsidiary of ABN AMRO Bank N.V., has announced the appointment of Stephen Hewson as Vice President in the Community Banking Division of the Commercial Banking Group. Mr. Hewson was previously Vice President in the Middle Market Banking Group of First Chicago NBD and brings over
Banking industry
As Deutsche Bank A.G. announced its $10.1 billion acquisition of the Bankers Trust Corporation, speculation about potential mergers in the European banking industry has reached a fever pitch. Traders and analysts are predicting that this deal will spark a wave of consolidation, with several European banks expected to
Banking industry
Deutsche Bank's $9.67 billion purchase of Bankers Trust is expected to bring significant changes to the banking giant's investment arm. To secure the services of top executives from both companies, Deutsche plans to offer multimillion-dollar incentives, including at least $10 million to select bankers. The
Banking industry
A wave of consolidation and upheaval is sweeping through European finance as big money-center banks like Deutsche Bank A.G. and UBS scramble to carve out positions in the huge American market and address intense new competition within their home markets. The recent $9.7 billion bid by Deutsche Bank
Banking industry
The Bankers Trust Corporation, the New York bank, has agreed to be acquired by German banking giant Deutsche Bank A.G. in a cash transaction valued at approximately $9.67 billion, creating the world's largest financial services concern. The deal, which requires resolution of certain legal and tax
Banking industry
The Community Foundation of the New River Valley has been awarded $5,000 by the National Bank of Blacksburg, a significant contribution towards the foundation's mission to promote self-sufficiency and community building. The foundation, established in 1995, manages a collection of endowed funds valued at nearly $250,000,
Banking industry
Ultradata Systems Inc., a leading manufacturer of hand-held computerized travel information devices, reported a disappointing third-quarter loss of $325,000, or 10 cents a share, compared to last year's third-quarter profit of $105,804, or 3 cents a share. The company's failure to market its new
Banking industry
Ohio Savings Bank, a $5.5 billion bank with 45 branches in Ohio and Florida, is set to launch a new computer infrastructure based on the Microsoft(R) Windows(R) Distributed interNet Application architecture for Financial Services (Windows DNAfs) framework. This infrastructure will enable the bank to integrate multiple delivery
Banking industry
Emerald Financial Corp.'s subsidiary, The Strongsville Savings Bank, has submitted an application to the Ohio Department of Commerce to open its fifteenth office in Avon Lake, Ohio. This new branch, which will be the bank's fifth in Lorain County, is expected to open in the first
Banking industry
BancorpSouth, Inc. has announced its acquisition of HomeBanc Corporation, the holding company for The Home Bank, in a $43 million deal. This merger marks the third acquisition by BancorpSouth in Alabama this year, and will bring the total number of banking locations to 151 across 48 cities and towns in
