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. 34, March 5

Deal Sizes, Valuations Rise as Midtier Banks Rush to Merge
Byline: Chris Cumming A stream of M&A deals involving large community banks occurred in January, and more are expected as strong stock prices allow buyers to pull off smart, accretive deals. There were nine deals announced last month worth...
Four Takeaways for Banks from Obama's Budget
Byline: Victoria Finkle, Donna Borak WASHINGTON -- President Obama's latest budget, released Tuesday, contains few surprises for the banking industry several years after the financial crisis, with the focus instead turning to education and employment...
How ING Financial Advisors Are Using Social Media to Connect with Clients
Byline: Penny Crosman Now that regulators have finalized their guidance for financial institutions on approved uses of social media, firms are just starting to let their financial advisors communicate with customers in social networks -- but with...
Lesson of the Eastern/Centrix Deal: All-Cash Offers Can Win
Byline: Andy Peters Eastern Bank's latest deal is a textbook example of taking lemons and making lemonade. The Boston bank is a mutual thrift, meaning it has no outside shareholders and can only offer cash to acquire other companies, as in its...
Memo to Sellers: Buyers Exist, but Are Pickier Than Ever
Byline: Robert Barba The saying goes that banks are sold, not bought, and many small ones -- grappling with succession issues, new regulations and lackluster profits -- are more than ready to sell. One problem they face, though, is that buyers...
Nonbank Plans to Process Payments for Pot Businesses
Byline: Kevin Wack Citadel EFT, a credit card processing firm, announced Tuesday that it is exploring ways to allow state-licensed marijuana businesses to accept electronic payments from their customers. The Oceanside, Calif., company said that...
Obama's Budget Uses Fuzzy Math on FDIC Costs
Byline: Joe Adler WASHINGTON -- At least the administration is being consistent in its bizarre Deposit Insurance Fund projections. Once again, the Office of Management and Budget's estimates of Federal Deposit Insurance Corp. costs are out of...