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Mergers & Acquisitions News


Deals Cheat Sheet

May 06
A breakdown of M&A announcements in the financial services industry for the week ended May 4.
Mergers & Acquisitions

F.N.B. Chief Remains Open to Acquisitions

Paul Davis | May 06
Vincent Delie recently mentioned Maryland, Pittsburgh and Cleveland as target markets, though he expressed lukewarm interest in Philadelphia.
Mergers & Acquisitions
Community Banking

Astoria in N.Y. Appoints Retail Banking Head

Chris Cumming | May 06
Astoria Federal Savings in Lake Success, N.Y., has hired an HSBC executive to lead its retail division.
Mergers & Acquisitions
Consumer Finance

HomeTrust to Buy BankGreenville in South Carolina

Chris Cumming | May 06
HomeTrust Bancshares in Asheville, N.C., has agreed to buy BankGreenville Financial in South Carolina.
Community Banking
Mergers & Acquisitions

How One Midsize Bank Combats the Risk of Easy Money

May 03
The longer yields stay low, "the bigger the problem becomes for banks," UMB CEO Mariner Kemper says. A low cost of funds helps UMB resist temptations presented by cutthroat competition and looser loan terms, Kemper adds.

Related: UMB Turns 100, But Fees Keep It Spry

Mergers & Acquisitions
Community Banking

Second-Lien Machine Adds Power to Leveraged Lending

Matthew Sheahan | May 03
More lenders are willing to make second-lien loans because of hot demand and greater yield, even as regulators warn against risks in the leveraged-lending market.
Comments (1)
Consumer Finance
Community Banking

First Community in Virginia Boosted by Deals

Brian Browdie | May 03
Two deals lifted First Community Bancshares in Bluefield, Va., in the first quarter.
Community Banking
Mergers & Acquisitions

Stifel's David Bishop Joins Smaller Rival

Jackie Stewart | May 02
New York investment bank MLV, expecting lots of bank M&A activity in the Southeast and Southwest, has hired an expert on those regions, David Bishop from Stifel Nicolaus, to start a research unit.
Mergers & Acquisitions
Community Banking

Kovacevich Relives Familiar Role at Wells Fargo for a Day

Paul Davis | May 02
The San Francisco company's former CEO Dick Kovacevich served as stand-in at the Wells Fargo Championship pro-am. Why? One reason is that current CEO John Stumpf doesn't play golf.
Consumer Finance
National/Global

Hit to BMO Harris Image a Cautionary Tale in Deal Integration

Robert Barba | May 02
Customer satisfaction with BMO Harris fell after it bought Marshall & Ilsley thanks to a customer-service glitch and other issues, showing how hard it is to integrate acquisitions.
Comments (2)
National/Global
Community Banking

Stilwell Slams HopFed CEO's Pay Package

Andy Peters | May 02
The Kentucky company is fighting back against claims by Joseph Stilwell that its CEO is overpaid.
Community Banking
Mergers & Acquisitions

FDIC Suit Seeks $128M from Leaders of Failed Midwest Bank

Brian Browdie | May 02
The Federal Deposit Insurance Corp. has accused 18 former officers and directors of the parent company of Midwest Bank with reckless practices that led to the Chicago-area bank's failure during the financial crisis.
Comments (1)
Community Banking
Mergers & Acquisitions

Case Study: MidSouth Finds Way to Tame 'Monster' Reporting Process

Mary Wisniewski | May 02
The Tennessee community bank recently deployed software to speed up the process for documenting and calculating the allowance for loan and lease losses.
Community Banking
Mergers & Acquisitions

Sterling in Washington to Pay $43M for Commerce National

Chris Cumming | May 02
Sterling Financial in Spokane, Wash., has agreed to buy Commerce National Bank in Newport Beach, Calif.
Mergers & Acquisitions
Community Banking

Ameris in Georgia to Buy Prosperity in Florida

Brian Browdie | May 02
Ameris Bancorp in Moultrie, Ga., has agreed to buy Prosperity Banking Co. in St. Augustine, Fla.
Mergers & Acquisitions
Community Banking

In Pictures
Comments of the Week: Fair Lending Insanity; Split Chairman and CEO Roles?

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