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. 179, No. 29, February 25

Big Banks Forget about Free Checking, and Don't Regret It
Byline: Andy Peters Maybe Bank of America's (BAC) controversial decision a few years ago to charge for checking accounts was a smart idea after all. Big banks continued to hike monthly maintenance fees on checking accounts over the last six months...
Community Banks Slowly Warming Up to Loan Participations
Byline: Chris Cumming Loan participations are poised for a comeback as community banks look at ways to keep the business of growing clients. Small banks have plenty of challenges as they try to book loans, including artificially low interest...
Fed Officials Found Crisis Tools Lacking, 2008 Record Shows
Byline: Donna Borak WASHINGTON -- One day after regulators in September 2008 had agreed to let Lehman Brothers fail -- withholding government support for the investment bank -- then-Federal Reserve Board Chairman Ben Bernanke and other officials...
PNC Upgrades Small-Biz Digital Tools
Byline: Mary Wisniewski One of the largest U.S. banks is expanding the digital tools it offers small businesses, a customer category whose needs are attracting the attention of a flurry of software developers. PNC Bank, the sixth-largest bank...
Sluggish Home Sales Compound Refi Slump for Mortgage Lenders
Byline: Kate Berry Banks and home lenders are grappling with a slump in home sales that threatens to upend the housing recovery and, potentially, mortgage profits this year. The sluggish demand for homes is particularly worrisome for lenders...
Stilwell Launches Proxy Fight to Force Poage Bancshares to Sell
Byline: Paul Davis Poage Bankshares (PBSK) in Ashland, Ky., will face off against an activist investor at this year's annual meeting. Stilwell Group in New York, which owns 9.5% of Poage's common stock, is irate that Poage recently agreed to...