News on Bank Mergers, M&A Deals

New York Community Could Stunt Growth to Delay SIFI Status

CEO Joe Ficalora says the thrift has ways it can buy time to announce a transformative acquisition or benefit from a change in the definition of what it requires to be a systemically important institution. With OneWest off the table, industry observers wonder if the thrift can find the deal it’s been looking for.

Community Banking

Consumer Finance

MERGERS & ACQUISITIONS WEEKLY UPDATE

A newsletter featuring American Banker’s top M&A stories plus special reports and data

Breaking News

Pro-Environment GreenChoice Bank in Chicago Fails08:16PM ET

Prosperity in Houston Posts Record Profit Following Acquisitions03:58PM ET

OCC Approves MB Financial, Taylor Capital Merger11:20AM ET

Banner's Profit Soars on Branch Acquisitions06:23PM ET

Iberiabank's Earnings Benefit from Recent Acquisitions05:04PM ET

Berkshire Hills' Earnings Rise on Increased Lending, Branch Deal03:27PM ET

Pan American in Los Angeles Rescued by Band of Banks

Sixteen banks, along with John Eggemeyer and Tim Chrisman, raised $6.3 million to keep the Hispanic-focused bank from failing.

Community Banking

CIT's Thain Tackles Banking's Tough Questions in OneWest Deal

John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.

Consumer Finance

Banc of California, Advocacy Group Spar over CRA Plan

A community group opposes Banc of California's plans to buy 20 branches, saying management isn't being open about plans to serve low-income and minority customers. The bank says it’s all a misunderstanding. Still, the issue shows why banks must foster good relations with powerful advocacy groups.

Community Banking

Profit Replacing Book Value as Bank Investor Gauge

The industry is slowly turning to valuations based on earnings rather than tangible book value, raising concerns that banks might feel pressure to make short-term decisions and ill-fated acquisitions.

Community Banking

Samuel Vallandingham, president and CEO of First State Bank

Community Bankers Air Regulatory Grievances to House Committee

Smaller banks are disproportionately affected by regulation, forcing some to consider selling or to rethink their strategy, two community bankers argued before Congress.
Comments (1)

Regulation & Reform

Community Banking

Mutual of Omaha Doubles Down as Other Insurers Flee Banking

Dozens of insurers have sold off their banks in recent years, with just a handful choosing to remain in the business. Mutual of Omaha Bank is committed to building a traditional community banking culture with its parent company's backing.

Community Banking

Deals Cheat Sheet

A breakdown of M&A announcements in the financial services industry for the week ended July 12.

Bank M&A on Pace for Best Year Since 2008

A spike in smaller deals, along with improved premiums, is providing hope that buyers and sellers are finally coming together as industry experts forecast several years earlier.
Comments (1)

Community Banking

Consultants Emerge as Big Beneficiaries of Bankruptcy Sales

Debt-burdened holding companies are more often resorting to selling their banks through bankruptcy sales, which is welcome news for lawyers, investment banks and advisors that can earn millions working on such transactions. But such fees have rankled creditors.

How a Small Bank Convinced a Big-Name Banker to Join Its Board

Berkshire Hills Bancorp recently recruited William Ryan, retired TD Banknorth CEO, leading some observers to discuss what role he might play in the Massachusetts company's growth plans.

Community Banking

See all News on Bank Mergers, M&A Deals

Multimedia

Winners and Losers in CIT's OneWest Deal

In Pictures

Winners and Losers in CIT's OneWest Deal

PaymentsSource.com What's this?

MOST EMAILED

Marketplace

VISIT MARKETPLACE»

Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
Learn More

Informa Research Services is the premier provider of competitive intelligence, mystery shopping, and compliance testing services to the financial industry.
Learn More

CSC is a leader in private-label, third-party loan servicing with 30+ years of proven experience in delivering effective, cost-effective solutions.
Learn More

Mergers & Acquisitions