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Paul Davis

Recent Stories From this Author

Activist Eases Up on Malvern After Director Resignations
February 9, 2016 Activist investor Lawrence Seidman has reversed course and will support the lone Malvern Bancorp director standing for...

Park Sterling Hires Banking Veteran Truslow as CFO
February 5, 2016 Park Sterling in Charlotte, N.C., has hired Donald Truslow as its next chief financial officer.

Horizon Bancorp to Buy Kosciusko Financial in Indiana
February 5, 2016 Horizon Bancorp in Michigan City, Ind., has agreed to buy Kosciusko Financial in Mentone, Ind.

Former BBCN Director Describes Divided Board for Wilshire Deal
February 4, 2016 A former BBCN Bancorp director said that four of the Los Angeles company’s 13 directors did not vote for its purchase of...

Two Malvern Directors Resign After Activist Opposes Re-Election
February 3, 2016 A pair of directors at Malvern Bancorp in Paoli, Pa., have resigned just days after a large investor refused to support their...

War of Words with Former Directors Escalates at Calif. Bank
February 3, 2016 A pair of former BBCN directors said they resigned due to issues with the company's corporate governance and the leadership of...

Allegiance in Texas to Book $2M Gain from Branch Sale
February 2, 2016 Allegiance Bancshares in Houston has sold two branches to Incommons Bank in Mexia, Texas.

Activist Seidman Withholds Support for Malvern's Directors
February 1, 2016 Lawrence Seidman, an activist investor in New Jersey, wrote in a regulatory filing that he plans to withhold support for all...

Activist Bank Investors: the Ultimate Cheat Sheet
January 31, 2016 A rush of bank M&A is welcome news to activist investors, who typically make money when banks make improvements and sell to...

Pinnacle to Buy Avenue Financial in Tenn. for $201M
January 29, 2016 Pinnacle Financial Partners in Nashville, Tenn., has agreed to buy Avenue Financial Holdings in Nashville.

Former Director Slams BBCN's Board Governance, Wilshire Deal
January 28, 2016 C.K. Hong used his resignation letter to issue a scathing rebuke of the Los Angeles company's $1 billion acquisition, while...

Centrue Financial to Sell Three Branches in Illinois
January 27, 2016 Centrue Financial in Ottawa, Ill., has agreed to sell three branches in Illinois.

ServisFirst Hires Former Bay Cities CEO to Enter Tampa Market
January 26, 2016 ServisFirst Bancshares in Birmingham, Ala., has entered the Florida’s Tampa Bay area after hiring the former chief executive...

CVB Financial to Sell Branch in Calif. to Sierra Bancorp
January 26, 2016 CVB Financial in Ontario, Calif., has agreed to sell a branch Sierra Bancorp in Porterville, Calif.

Chemical Financial to Buy Talmer Bancorp for $1.1 Billion
January 26, 2016 Chemical Financial in Midland, Mich., has agreed to buy Talmer Bancorp in Troy, Mich.

Huntington to Buy FirstMerit for $3.4 Billion
January 26, 2016 Huntington Bancshares in Columbus, Ohio, has agreed to buy FirstMerit in Akron, Ohio.

United Community in Ohio to Buy Insurance Agency
January 25, 2016 United Community Financial in Youngstown, Ohio, has agreed to buy James & Sons Insurance.

Opus in California to Buy Trust Company
January 25, 2016 Opus Bank in Irvine, Calif., has agreed to buy Pensco Trust Co. in San Francisco from Pensco Services.

CEO Ouster Set Stage for Virginia Banks' Merger
January 22, 2016 The ouster of Cardinal Bankshares' chief executive helped set into motion events that led to the Floyd, Va., company’s merger...

'We Can't Make Money': Why BankUnited Ditched Retail Mortgages
January 22, 2016 John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The...