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Mergers & Acquisitions News


Lessons from an S&L Legend

Apr 23
Following World War II, Howard F. Ahmanson turned a small thrift into the largest savings and loan corporation in the U.S. by studying the industry, centralizing lending practices and fostering a relationship between his private business and the government. Eric John Abrahamson, author of "Building Home: Howard F. Ahmanson and the Politics of the American Dream," talks about what lenders today can learn from Ahmanson's story.

Related article: Why Howard F. Ahmanson Got Into the S&L Business

Consumer Finance
Mergers & Acquisitions

FirstMerit Lifted by Fees, 11% Increase in Loans

Brian Browdie | Apr 23
FirstMerit in Akron, Ohio, reported higher first-quarter earnings thanks to better fee income and lending as well as lower expenses.
Mergers & Acquisitions
Community Banking

How a Savings and Loan Legend Got His Start

Eric John Abrahamson | Apr 23
Ahmanson had seen men get rich by focusing on the government's priorities. Now it wanted homes and mortgages. He would build a business to meet this demand.
Comments (1)
Mortgages
National/Global

Small Arizona Bank Thinks Big with M&A Strategy

Robert Barba | Apr 22
First Scottsdale Bank had $80 million in assets, but then it agreed to buy a $224 million-asset competitor and outbid five others to acquire a $45 million-asset bank from the FDIC.
Community Banking
Mergers & Acquisitions

Equity Bancshares Seeks to Buy Kansas Rival's Tarp Shares

Brian Browdie | Apr 22
Equity Bancshares in Wichita, Kan., may use the Troubled Asset Relief Program to buy a stake in an in-state rival.
Community Banking
Mergers & Acquisitions

Deals Cheat Sheet

Apr 22
A breakdown of M&A announcements in the financial services industry for the week ended April 20.
Markets
Community Banking

Jefferson Bancorp Completes Carrollton Deal

Brian Browdie | Apr 22
The $133 million-asset company said Monday that it had acquired 10 branches from Carrollton that will operate under the Bay Bank name. The company has $480 million in assets and 22 branches around Baltimore.
Mergers & Acquisitions
Community Banking

Ex-Citi, UBS Banker Joins Proskauer in New York

Brian Browdie | Apr 22
The law firm Proskauer has lured a veteran lawyer/investment banker from UBS. Robin Feiner has joined the global law firm as a senior counsel in New York, where she will be responsible for advising clients of the firm's capital markets group, the firm announced Friday.
Consumer Finance
Mergers & Acquisitions

Trio of Failures Brings Year's Toll to Eight

Joe Adler | Apr 19
Regulators seized two banks in Florida, and one in Kentucky, in a trio of failures Friday.
Mergers & Acquisitions
Regulation & Reform

First Horizon's 1Q Profit Rises on Expense Cuts

Chris Cumming | Apr 19
First Horizon National in Memphis, Tenn., boosted profits by cutting costs in the first quarter.
Mergers & Acquisitions
Community Banking

Don't Leave the Light On for Kelly King

Robert Barba | Apr 19
BB&T wants to trim expenses, and its effort should include little things like conserving electricity at the office, CEO Kelly King says.
Mergers & Acquisitions

Associated Aims to Improve Efficiency, Eyes Acquisitions

Alan Kline | Apr 19
The Wisconsin bank has made significant strides in its bid to become more efficient, but CEO Philip Flynn admits it has much more work to do.
Community Banking
Consumer Finance

Banks to Keep Cutting Until Signs of Recovery Add Up

Robert Barba | Apr 19
Revenue is expected to strengthen at least a little in the second quarter, but cost-cutting is here to stay until the economy really improves.
Mergers & Acquisitions
Community Banking

First Niagara Emphasizes Steady Growth in Post-Koelmel Era

Andy Peters | Apr 19
The Buffalo, N.Y., company is content to book loans and cut costs rather than expand aggressively with acquisitions.
Mergers & Acquisitions
Community Banking

City National Propelled by Loan Growth, Expense Management

Kate Berry | Apr 19
Shares of City National rose slightly Friday after the Los Angeles company reported strong first-quarter loan growth and good expense management.
Comments (1)
Community Banking
Mergers & Acquisitions

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

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