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Paul Davis

Recent Stories from This Author

Old National Exits FDIC Loss-Share Agreements
June 23, 2016 Old National Bancorp in Evansville, Ind., has negotiated an exit from its loss-share agreements with the Federal Deposit...

First United in Okla. to Buy American Bank of Texas
June 22, 2016 The $3 billion-asset First United did not disclose how much it will pay for the $2.3 billion-asset American Bank. The deal is...

Southern Banc in Ala. Could Report Loss Tied to Bad Loan
June 22, 2016 Southern Banc in Gadsden, Ala., said it could report a loss for its fiscal year after recording a charge tied to a bad loan.

MSB Financial Adds Activist Seidman to Its Board
June 22, 2016 The $380 million-asset company disclosed in a regulatory filing Wednesday that it had appointed Lawrence Seidman to its board,...

Two Directors Resign from N.J. Bank in Corporate Governance Dispute
June 22, 2016 Two directors have resigned at 1st Constitution Bancorp as part of a dispute over changes to the Cranbury, N.J., company's...

One Didn't Know It, But Merger Partners Had Talks Years Earlier
June 22, 2016 First Mid-Illinois signed a confidentiality agreement last fall to pursue a mystery bank in Illinois. It soon discovered that...

Pacific Continental Raising $35M for Possible Acquisitions
June 20, 2016 Pacific Continental in Eugene, Ore., is planning to issue $35 million in subordinated debt that could help it fund future...

Umpqua Sets Succession Timeline for Chief Ray Davis
June 20, 2016 Umpqua Holdings in Portland, Ore., will have a new chief executive in 2017. The company said Monday that Ray Davis, 67, will...

Citizens in Wis. Hires Investment Bank to Weigh Its Future
June 17, 2016 Citizens Community Bancorp in Eau Claire, Wis., has hired an investment bank to help it explore strategic options.

ABA Chairman Blanton's Bank to Sell for $335 Million
June 17, 2016 South State in South Carolina has agreed to buy Southeastern Bank Financial in Georgia, which is run by Daniel Blanton, the...

Hoisting a Pint with B of A's 'Beer Banker'
June 14, 2016 A megabank on the surface might not seem like the right fit for the financing needs of upstart craft breweries, but Bank of...

Tired of Checklists, CFOs Seek to Broaden Influence
June 10, 2016 Competitive pressure and revenue challenges are creating a need for executives to focus more on strategic planning, and CFOs...

FirstMerit Went to Great Lengths to Find a Buyer
June 9, 2016 FirstMerit reached out to a foreign bank last fall in an effort to negotiate a sale, but the Ohio company eventually agreed to...

Farmers & Merchants to Buy Delta National in California
June 9, 2016 Farmers & Merchants Bancorp in Lodi, Calif., has agreed to buy Delta National Bancorp in Manteca, Calif.

Trustmark in Miss. Cuts 188 Jobs with Early Retirement Program
June 8, 2016 Trustmark in Jackson, Miss., reduced its workforce by more than 6% by offering early retirement packages.

Wintrust in Illinois to Raise $160M Through Stock Sale
June 8, 2016 Wintrust Financial in Rosemont, Ill., is planning to raise about $160 million through a common stock offering.

BankGuam to Buy Stake in Trust Company
June 6, 2016 The $1.7 billion-asset company disclosed in a regulatory filing Monday that it recently agreed to buy a 25% stake in ASC Trust...

First Federal Bank in Wis. Snags New Chief from Bigger Bank
June 6, 2016 First Federal Bank of Wisconsin in Waukesha has a new chief executive lined up.

Bank of Montreal to Buy Minneapolis Advisory Firm
June 6, 2016 Bank of Montreal has agreed to buy Greene Holcomb Fisher, a boutique advisory firm in Minneapolis.

Heartway to Buy Peoples State Bank in Iowa
June 6, 2016 Heartway Bancorp. in Wayland, Iowa, has agreed to buy Peoples State Bank in Winfield, Iowa.

'If Your Bank Isn't Integrated with Siri, Your Bank Is Irrelevant'
Moven founder and all-around fintech evangelist Brett King discusses how financial institutions can survive a future where artificial intelligence is widespread and plastic cards are no more.