News on Bank Mergers, M&A Deals

Irony of JPM's Organic-Growth Pitch Not Lost on Dimon

JPMorgan Chase's leader is the latest big bank CEO to embrace organic growth, leaving some to wonder if he really sees the benefits or is just being realistic about the struggle that would be required to get regulators to bless a deal.

National/Regional

Breaking News

Court Rules Against Doral's Tax Refund Claim10:42AM ET

F&T Financial to Buy Pan American in California08:29AM ET

OceanFirst to Buy Colonial American in N.J.08:13AM ET

Deutsche Bank Hires Corporate Banking Exec from JPM04:08PM ET

Doral's Situation Worsens with 'Critically Undercapitalized' Tag12:15PM ET

U.S. Century Gets Green Light on Capital Plan: Report05:26PM ET

CIT and OneWest Chiefs to Take on Critics at Merger Hearing

CIT's John Thain and OneWest's James Otting, scheduled to speak today at a public hearing on their $3.4 billion M&A deal, will face complaints from community activists that they owe the public more after receiving substantial government help during the financial crisis.
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Consumer Finance

Law & Regulation

Huntington Pounced on Opportunity It Had Coveted for Decades

Huntington had admired the finance firm for decades, but it was the Ohio company's Midwestern ties that helped it snag the unit from other suitors.

Community Banking

Pinnacle's Calculated Jump into Marketplace Lending

Pinnacle Financial recently bought a 30% stake in a firm that originates most of its loans to doctors online and then auctions them to community banks. The move promises higher fee income, but could also put Pinnacle at the forefront of banking's hottest trend.

Community Banking

Maine Thrifts Find Creative Solution to Salvage Mutual Model

Biddeford Savings Bank and Mechanics Savings Bank will form a holding company to help each cut costs and make bigger loans. But the thrifts are hoping to keep their own charters, and independence, over the long term.

Community Banking

Privately Held Banks Get New Liquidity Option after SecondMarket's Exit

The OTC Markets Group has opened up its community bank marketplace to privately held institutions, offering a chance for investors to monetize their holdings without selling the bank.

Community Banking

Citi Scouts U.S. Fracking Investments for Foreign Clients

Wealthy investors from China and the Middle East are using Citi's private bank to acquire land and fracking rights as vulnerable owners consider emergency liquidations.

National/Regional

Deals Cheat Sheet

A breakdown of M&A announcements in the financial services industry for the week ended Feb. 14.

Korean-American Banks Set Sights on Mainstream Clients

Several Korean-American banks are entering markets and businesses designed to target mainstream clients and other ethnic groups. Such moves are viewed as a way to improve the bottom-line as revenue growth proves daunting.

Community Banking

Large Banks Quietly Expanding in Big Cities

Branch closings draw big headlines, but several large banks are entering new markets — or bulking up in underrepresented cities — by adding branches and hiring lenders. Bank of America, for instance, is planning a retail push in Denver and Minneapolis.

Consumer Finance

National/Regional

Medical Crisis Creates New Challenge for Pennsylvania Bank

Metro Bancorp, which has been fielding calls to sell itself for nearly a year, disclosed that CEO Gary Nalbandian will take a medical leave to undergo bypass surgery. Metro's executive team will be tasked with an ongoing effort to improve performance and remain independent.

Community Banking