Bad news for more financial industry professionals. The latest rumors and reports of layoffs are at First National Bankcorp (NASDAQ:FNSC)-First State Bank (OTC:FSNJ), Flagstar Bancorp Inc. (NYSE:FBC) and
Sallie Mae (NYSE:SLM).- First National Bank is acquiring First State Bank. There may be layoffs as a result of the merger, according to the St. Louis Business Journal.
Sallie Mae could lay off over 700 people in Florida and more across the country as a result of President Obama's student loan bill, which would make the federal government the sole issuer of the loans, according to WJHG, a local Florida news station.
Even though several companies are laying off employees, several are also hiring. Check our job opening
pick of the day from The Deal's Career Channel:
Vice President, Investment Banking
at Morgan Stanley
in New YorkFor a roundup of all the announced layoffs to date, check out
The Deal's Pink slips on Wall Street Dealwatch. Also, feel free to leave us any layoff or hiring rumors you are hearing.
- Maria Woehr
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