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. 174, No. 80, April 28

1Q EARNINGS: Credit-Quality Concerns Vex PrivateBancorp despite Profit
Byline: Robert Barba After five consecutive quarters of losses, PrivateBancorp Inc. of Chicago might have expected a more positive reaction to its surprising $4.8 million profit for the first quarter. Instead, analysts focused on weakening credit...
1Q Loan Sales Slow; Marks Deep Enough?
Byline: Matthew Monks Banking companies had a tough time unloading their troubled loans in the first quarter as they waited for the government's pending bad-asset plan to jog the market for residential and construction loans. Tepid loan sales...
Cramdown Vote This Week May Be for Show
Byline: Stacy Kaper WASHINGTON - Senate Democratic leaders are trying to force a vote this week on a bill that would let bankruptcy judges modify mortgages - even though they do not appear to have enough support to pass it. The plan has political...
Loan Mod Plan Said to Address 2nd-Lien Issues
Byline: Emily Flitter WASHINGTON - The Obama administration is expected to announce details this week on a supplement to its foreclosure prevention plan designed to address the problem of second mortgages, sources said. Investors holding securitized...
New Rules Seen Giving Smaller Issuers a Boost
Byline: Kate Fitzgerald MARCO ISLAND, Fla. - The impending regulatory changes in the card industry could offer opportunities for small and midsize issuers, according to executives and observers. "We will begin to see a shift in the card industry,...
News Relentlessly Downbeat at Secondary Market Meet
Byline: Lew Sichelman CHICAGO - Lenders hoping to hear some good news here last week at the Mortgage Bankers Association's annual secondary market conference went away disappointed. First, Freddie Mac and Fannie Mae told the meeting there would...
Prosper Giving Bankers A Place to Unload Loans
Byline: Daniel Wolfe Prosper Marketplace Inc. plans to launch a secondary market for bank loans today. The market will be limited to California at first, but Prosper will initially provide an open market for bankers to resell loans they want...
Putting Tarp Funds to Work with Mortgage Promotions
Byline: Bonnie McGeer Kim Price said she got the idea from a newspaper article citing the incentives most likely to spur people into buying homes. The president and chief executive officer of Citizens South Banking Corp. in Gastonia, N.C., designed...
Resolution Pitch from FDIC Chief
Byline: Joe Adler WASHINGTON - Though she has appeared neutral on the subject in the past, Federal Deposit Insurance Corp. Chairman Sheila Bair pointedly argued Monday that her agency should gain the power to step in when any systemically important...
The Big Outreach: Credit Crisis Spurs Grassroots Revival
Byline: Steve Garmhausen The formula for community bank marketing has changed little over the years, but the financial crisis is forcing companies like Intermountain Community Bancorp in Sandpoint, Idaho, to think differently. In late February...
Using Technology to Court Larger Customers
Byline: Chris Costanzo When Liberty Bank in Middletown, Conn., introduced remote deposit capture to its business customers last fall, it made sure to include features that would appeal to large businesses. Along with the standard remote deposit...
What to Do When a Condo Project Goes South
Byline: Timi Anyon Hallem In determining whether to make a loan for the construction of a condominium development, a lender will typically look at pro formas, market studies and developer track records. But if a loan goes into default, a lender...