American Banker

American Banker is a Monday to Friday daily trade newspaper owned and published by SourceMedia, Inc. American Banker is headquartered in New York, N.Y. and was first published in 1836. Readers of American Banker are primarily high ranking banking executives and those with billions of dollars in assets. Seventy percent of American Banker readers hold senior management positions and 66 percent come from financial institutions, with 55.8 percent of those working in the commercial and retail banking sectors. Twenty-one percent of the readership control assets totaling $50 billion and above. The newspaper is published across the United States.In the 1960s, then-editor William E. Zimmerman traveled around the United States reporting on the civil rights movement by asking African-Americans what they needed from the banking industry and in turn interviewing local bankers to find out what services they were providing for African-Americans.In 1988, American Banker reported that the Japanese have the 10 largest banks in the world and that the U.S. banks, for the first time in three decades, were knocked out of the top 25 due to the falling dollar. Citibank, the largest bank in the U.S. at the time, fell from the 17th largest bank in the world to 28th, with $101.1 billion in deposits.American Banker was also the first national publication to report extensively on the fall of Penn Square Bank in Oklahoma City. Marc Hochstein is the Executive Editor, John DelMauro is the Vice President and Group Publisher, Richard Melville is the Group Editorial Director, Banking, and John DeCesare is the Group Publisher.

Articles from Vol. 170, No. 168, August 31

Already Active, Capitol Steps Up Expansion
Even for a company as expansion-minded as Capitol Bancorp Inc. of Lansing, Mich., 2005 has been an extraordinarily busy year. The $3.4 billion-asset multibank holding company has opened five banks, bought the majority stake in another, and filed...
Bank Holding Companies with the Most Domestic C&I Loans: On March 31, 2005. Dollars in Thousands
(part 1 of 2) 1 Bank of America Corp. Charlotte 2 JPMorgan Chase & Co. New York 3 Wachovia Corp. Charlotte 4 Wells Fargo & Co. San Francisco 5 Citigroup Inc. New York 6 U.S. Bancorp...
Banks in Storm Region Assess Its Toll, or Try To
Dozens of bank branches in Louisiana, Mississippi, and Alabama were severely damaged by wind and flooding and hundreds more were still without power a day after Hurricane Katrina tore through the Gulf Coast. Banks were trying to open branches in...
B of A Pessimistic about Industry's Stocks
A newly hired research analyst at Banc of America Securities LLC rattled mortgage stocks Tuesday by downgrading several and offering some bearish words for the industry. Robert Lacoursiere, who was hired Aug. 17 from Capital One Financial Corp.,...
CUs Are Told to Table Conversion Issue
Gary Kohn, the senior legislative counsel for the Credit Union National Association, says he received a piece of advice from Senate aides a week or so ago: don't bring up the topic of credit union-to-bank conversions during any regulatory-relief hearings....
Estate Planning: Latest Baby Boom Demand on Banks
Baby boomers nearing retirement are causing a rise in demand for estate planning from banks and other financial services providers, according to industry players. Clients are seeking help with both their own assets and those they inherit from parents....
Executive Changes
NEW ENGLAND Massachusetts Mutual Life Insurance Co. of Springfield has named William Noyes its managing director of institutional sales in its retirement services division for Connecticut, western Massachusetts, upstate New York, and Vermont. ...
In Brief: Clearing House Absorbs Boston Operation
Clearing House Payments Co. LLC has taken over the operations of the Boston Clearing House. The Clearing House, of New York, had been providing settlement services since the late 1990s for the seven banking companies that used the Boston Clearing...
Next Voice in Debate over HMDA Will Be Fed's
WASHINGTON -- A Federal Reserve Board report due in two weeks could add heat to the debate over whether lenders unfairly hit minorities with higher loan prices. In addition to its annual report aggregating new Home Mortgage Disclosure Act data,...
RBC Affirms Commitment to Its U.S. Unit
RBC Centura Banks Inc.'s plan to move its headquarters from Rocky Mount, N.C., to Raleigh in October shows that its parent, Royal Bank of Canada, is committed to using the unit as a platform for U.S. growth, a top executive said. The $20 billion-asset...
Reserve Rule Case Study in Zions-Amegy
Zions Bancorp. is giving Wall Street its most extensive lesson to date in how a recent accounting change for loan-loss reserves acquired in a merger stands to alter merger-and-acquisition analysis. Executives at the Salt Lake City company, which...
Security, Marketing among New Applications for Online Alerts
Banks have typically promoted online alerts as a convenient way for people to stay abreast of activity in their accounts, but some are now touting them as a security feature. The types of alerts vary, and in some cases this shift is simply new marketing...
Some See Bank-Monoline Deals Reducing Disclosure
The pending acquisitions of top credit card issuers by large banking companies have analysts wondering about the potential effect on the card sector's transparency. Investors are used to getting monthly reports on delinquencies, chargeoffs, and...
Wachovia and Regions Applauded for Integrations
Two southeastern banking companies have received upgrades, in part for their success in integrating acquisitions made last year. John E. McDonald, an analyst at Banc of America Securities LLC, upgraded Wachovia Corp.'s stock Monday to "buy," from...
Wells to Cap Certain Fees in Subprime
In a move that shows how the compliance bar for subprime mortgage lenders keeps gradually rising, Wells Fargo & Co. has updated its best practices. The policy changes, announced Tuesday, are strikingly similar to ones that Citigroup Inc.'s CitiFinancial...