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Lender Defections Complicated TrustAtlantic's Sale to First Horizon

First Horizon successfully lobbied for a lower exchange ratio for its purchase of TrustAtlantic in North Carolina after four commercial lenders left the seller to open an office for another bank.

Breaking News

UMB's Profit Falls on Investment Losses01:25PM ET
Anchor in Wisconsin to Sell Branch11:56AM ET
Hudson City's Profits Fall as Loan Book Dwindles11:31AM ET
Regulatory Situation Worsens for Puerto Rico's Doral11:03AM ET
United Community in Ga. to Pay $52M for Tennessee Bank07:35AM ET
Farmers National to Buy National Bancshares in Ohio for $74M05:59PM ET

Scuttled Deal Indicates Possible Roadblock for Mutual Mergers

Two Pennsylvania banks recently called off a mutual conversion/merger after the FDIC rejected it on policy grounds. The decision – and lack of guidance from the FDIC – could spell trouble for other banks with similar plans.
Community Banking

Surprise Sale of City National Raises the Stakes for SoCal Banks

Local bankers will try to pick up any business that could fall out as a result of the merger. And with one less bank to buy in Southern California, remaining franchises also may command scarcity value.
Community Banking

Image: Thinkstock

Deals Cheat Sheet

A breakdown of M&A announcements in the financial services industry for the week ended Jan. 24.
Cathay General to Buy Asia Bancshares in New York for $126M
RBC Chases Rich and Famous in U.S. Banking Do-Over
Kentucky Bancshares to Buy Madison Financial

BB&T Chief Provides Updates on M&A Deals, Liquidity Ratios

BB&T plans to add more than $20 billion in assets this year through three pending acquisitions. Management, which believes it should have no problem getting its deals approved, has started to improve how it monitors its liquidity capital ratio before new thresholds kick in.
Community Banking
National/Regional

RBC Chases Rich and Famous in U.S. Banking Do-Over

Royal Bank of Canada sold its U.S. retail bank a few years ago to PNC. The company is back with a targeted play: City National, a Los Angeles bank that has built its business targeting the rich and working with Hollywood.
Community Banking

First NBC Joins Crowded Field Vying for Florida Customers

The Louisiana company is the latest out-of-stater to move into the Sunshine State after buying a failed bank in the Florida Panhandle. First NBC's chief executive made it clear his company has more expansion in mind.
Community Banking

With Deal Done, Price of Oil Is New Challenge for LegacyTexas

It took more than year for ViewPoint Financial and LegacyTexas to complete a transformational merger near Dallas. The company, which took the seller's name, is now trying to meet its targets in the face of plummeting oil prices.
Community Banking

Bank M&A Prospects Lure Industry Vet Ted Peters Out of Retirement

Ted Peters likes to build things and he does not like retirement. The veteran banker will soon solicit outside investors for a fund that he hopes will amass $100 million to pump into promising community banks.
Community Banking

Lower Oil Prices Could Bring Out-of-State Dealmakers to Texas

Potential buyers have long been wary of high premiums and the potential for volatility in the energy sector. A harsh correction in oil prices and Texas bank pricing has suddenly given those banks a chance to revisit their views.
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Community Banking

Sandler's Dunne: Scale Matters Now More than Ever

Jimmy Dunne, a senior managing principal at the Sandler O'Neill, recently discusses the state of bank M&A, the importance of size and scale and why he never wants to take his New York investment bank public.
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Community Banking

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In Hunt for Efficiency, Scale Matters More than Ever
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