Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
Federal Savings Bank in Chicago has acquired the assets of ICC Mortgage Services in Westbury, N.Y.
Changes to mortgage disclosure rules implemented in October continue to frustrate community bankers and is just another example of the struggle to stay independent.
Umpqua Holdings in Portland, Ore., posted stronger quarterly earnings because of an increase in mortgage banking fees and lower costs.