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. 158, No. 211, November 3

1st Tennessee Close to Deal for Dallas Home Lender
First Tennessee Bank, continuing an aggressive push into home lending, is forging a deal to buy Sunbelt National Mortgage Co., a major mortgage bank in Dallas, according to placed sources. The acquisition, expected to be announced as early as today,...
ABA Makes Video News Release on Funds
The American Bankers Association is hitting the airwaves with a promotional piece about mutual funds sold by banks. An estimated two million television viewers nationwide are expected to see the video news release produced by the Washington-based...
Advantage Systems Upgrades Its Cash-Management Software
In a move to help banks better serve their corporate customers, Advantage Systems Inc., a Boston-based information-technology company has upgraded Forte, its electronic cash-management product. The new offering, Forte for Windows, utilizes a graphical...
Amro Unit's TWA Deal Prepares It for Takeoff
By introducing a frequent flier card with Trans World Airlines last week, European American Bank took major step in a quest to become more than a bit player in the national credit card market. The affinity announcement came after the Uniondale,...
Arbor Seen as the Front-Runner in Bidding for United Mortgage
Arbor National Mortgage Inc., Westbury, N.Y., is the leading contender to buy United Mortgage Corp., Minneapolis, according to sources familiar with the proceedings. No definitive agreement between Arbor and United has been reached, sources said,...
BankAmerica's Point Man Has His Eye on Expansion
This has been a wild year for Arthur D. Ringwald. In-June, shortly after PNC Corp. agreed to buy Sears Mortgage Corp., Mr. Ringwald and an investor group struck a deal to buy from PNC some 30 Sears offices west of the Mississippi. He had run originations...
Bank of Boston Issuing Debt to Finance a Surge in Loans
To keep up with surging loan demand, Bank of Boston Corp. said on Tuesday it plans to raise as much as $350 million of subordinated debt by the end of next week. Loans and leases at the super-regional bank grew 10.2% in the last two quarters, far...
Bentsen Dealt Reform a Setback, and That May Be for the Best
Knab mrofer. This is what the beltway intelligentsia says a recent speech by Secretary of the Treasury Lloyd Bentsen did for bank reform (i.e., set it back). In the oration, which was billed as "important" by the secretary's image consultants, he...
Brokerage Paying off for an Oklahoma Bank
You can count on the daily hubbub at Weststar Bank to begin around noon. That's when lunch-hour customers make a beeline past tellers to huddle around a Quotron machine that the Oklahoma bank has installed in its lobby. The machine brings Wall...
Citizens of R.I. Finds High Ethical Standards Pay Off
"Anat, you've been missing an important piece of our business in your columns on super community banking," Larry Fish, the CEO of Citizens Financial Group, said over lunch recently. "You do not mention the importance of ethics and corporate responsibility...
Congress Should Defer Action on Bank Annuity Sales
Several recent federal appellate court decisions have far-reaching implications for the means by which banks offer annuity and insurance products. In reaction to the litigation involved, certain insurance industry interests, particularly the independent...
Credit Scoring Said to Help Some Issuers Avoid 'Growing Pains' of Rising Chargeoffs
Credit scoring techniques have enabled some card issuers to grow rapidly in the past three years without the typical surge in chargeoffs, according to Standard & Poor's Corp. Such issuers as Signet Banking Corp. of Richmond, Va., Colonial Bank...
Crucial Numbers on Bias May Not Be Obvious Ones
WASHINGTON - When regulators release their report on the millions of mortgage applications processed last year, the public is likely to focus almost exclusively on one figure: the disparity in denial rates for blacks and for whites. But experts...
Energy Industry Making Waves That Jostle Everyone
NEW ORLEANS - As Bill Marks sees it, the local grocery store has as much at stake as his bank does in the fluctuations of the region's oil and gas industry. "It's part of our economy here in the tidewater," said Mr. Marks, chairman and chief executive...
Finding a 401(k) Market Niche Seen as No Easy Easy Task
CHICAGO - Banks contemplating the competitive 401(k) market must consider whether to tackle the business at all before debating the merits of in-house versus outside programs. That was the consensus of four panelists discussing 401(k) plans at a...
Fiserv Readies Option in Cash Management for Midrange System
Working with nearly a dozen banks, Fiserv Inc. is developing a cash management option for its Comprehensive Banking System division. The new option should be ready for testing by the first quarter of 1994, according to those involved with the development...
Freddie Mac's Chief Hails a Banner '93
Following is a condensed version of a speech delivered by Mr. Brendsel, chairman of the Federal Home Loan Mortgage Corp., at last week's convention of the Mortgage Bankers Association in Chicago. The year 1993 is another record breaker for Freddie...
Gruntal Strategist Sees Banks Due for Big Boost from a Rising Economy
The bank rally has largely been fueled by failing interest rates, but there's another stimulus on the way, said Joseph Battipaglia, chief investment strategist at Gruntal & Co. and managing director of the brokerage's money management division,...
Imaging Systems Expose Banks to New Theft Risk, Experts Warn
CHICAGO - At the Bank Administration Institute's annual imaging conference, a representative of BankAmerica Corp. outlined security measures that should be taken - but are frequently overlooked - by bankers installing imaging systems. The logic...
Low Interest Rates Could Make It Possible to Turn to Safe but Still Profitable Investment in Corporate Bonds
Banks are having a hard time investing their money. Loan demand remains slack, and securities portfolios are already bulging. Besides, a lot of these securities, have been "gapped" - long-term instruments bought with short-term money (federal funds)....
Making Buzzwords Real in Day-to-Day Management
The preceding two columns in this series discussed buzzwords associated with tools to help evaluate your company and improve profitability. Examples of the former include "benchmarking," "best practices," "deaveraged profitability," and "shareholder...
Software Speeds Flood Certification to Mortgage Banks
A summer of flood devastation in the Midwest left thousands of homeowners and businesses devastated, and mortgage lenders reassessing the importance of adequate flood insurance. Stockholder Systems Inc., Norcross, Ga., a unit of Nynex, responded...
SunTrust Pulls off Smooth Merger of Its Far-Flung Card Operations
In a friendly and easy-going South Carolina drawl, William Moore of SunTrust Banks Inc.'s new credit card bank recently reflected on how it shrugged, off growing pains. "We hope it didn't impact us," Mr. Moore said in an interview about four months...
Teaching Start-Ups about Loan Rules Can Create Tomorrow's Customers
Countryside TV Management Services Inc. of Summit, N.J., is typical of many new companies desiring bank credit. "We need capital, but the banks want two or three years of operating experience before they will lend us money, and new companies just...
Time Just Ran out at Bank of San Diego
A host of community banks in Southern California are rushing to meet year-end deadlines to raise their capital levels, and analysts and bankers there say some banks win make it, while some won't. For Bank of San Diego, time has already run out....
Top Virginia Regulator Focuses on Downside of Merger Trend
Sidney A. Bailey, Virginia's banking commissioner for the past 16 years, says mergers between large regional banks are creating dissatisfied customers' who are flocking to smaller institutions. The 63-year-old regulator also is discouraged with...