New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.
MERGERS & ACQUISITIONS WEEKLY UPDATE
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The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says they have made significant progress and are looking forward to a follow up exam early next year.

René Jones, CFO of the Buffalo, N.Y. bank, artfully dodged more than a dozen versions of the same question from analysts: when, and if, is M&T's deal to buy Hudson City Bancorp going to get done?
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AmericanWest is buying Bank of Sacramento for $60 million in cash. Although the deal was being negotiated well before the recent market sell-off, it serves as a good example of the comfort of a fixed cash price.

The third quarter had fewer deals compared to the second quarter, but three fundamental attributes of normalized M&A appeared: bigger players, shorter regulatory approvals times and interest from more buyers.

A judge's ruling that Doral is owed $230 million by the territory's government may not immediately change it status as "significantly undercapitalized."

Prosperity thought it had its bases covered, adding a clause in an employment agreement with lenders at an acquired bank in Oklahoma establishing Texas law as the jurisdiction for the contract. A judge disagreed in a decision that should get the attention of banks eyeing out-of-state deals.

Regulators consider bankers' timing needs when reviewing deals, but it certainly isn't their top concern, advisers say. H&R Block and BofI are learning that the hard way after being told that their bank deal will not be approved this year.

The Louisiana company agreed to buy Florida Bank Group in a deal that will allow it to enter Jacksonville, Tallahassee and Tampa. It is the latest deal for a bank that has been an aggressive acquirer this year.

The agency has been hounding the "significantly undercapitalized" bank to provide written capital restoration and contingency plans that would include ways Doral could be sold or liquidated.

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