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BB&T is back the business of buying banks for the first time in several years, even though most of its peers think regulators are opposed to big-bank M&A. BB&T's investments in compliance improvements make its executives feel confident about getting new deals done, CEO Kelly King says.
September 8 -
Republic Bancorp (RBCAA) of Louisville, Ky., and FedFirst Financial Corp. (FFCO) of Monessen, Pa., are planning to return more of their capital to shareholders as the fiscal cliff looms.
November 14 -
Mid Penn Bancorp in Millersburg, Pa., has agreed to buy Phoenix Bancorp in Minersville, Pa.
August 27 -
Pilgrim Bancorp. in Mount Pleasant, Texas, has agreed to buy North Central Texas Bancshares in Wichita Falls, Texas.
September 15
The Circuit Court for Baltimore City
FedFirst shareholders filed the lawsuit in April against the company, FedFirst directors, and CB Financial Services, the $537 million-asset company that agreed to buy FedFirst for
The lawsuit alleged that directors of the $330 million-asset FedFirst breached their fiduciary duties by agreeing to sell to CB Financial without taking steps ensuring that FedFirst stockholders would approve the deal.
The shareholders also claimed in the lawsuit that FedFirst reached a deal with CB Financial in Carmichaels, Pa., that discouraged other potential bidders. Additionally, the shareholders claim CB Financial aided the FedFirst directors' breaches of fiduciary duties.
The shareholders
"We are very pleased with the court's decision and believe that the ruling confirms our view that the lawsuit was without merit," said Patrick O'Brien, chief executive of FedFirst, in a Monday news release.