-
Bank of America expects interest income to rise as stronger borrowing outweighs the impact of low rates. The upbeat forecast is in contrast with remarks from JPMorgan Chase executives.
By Jim DobbsJuly 14 -
Lakeland is paying $244 million for 1st Constitution Bancorp. The combined bank would be the fifth largest by deposit market share in New Jersey.
By Jim DobbsJuly 12 -
The economic forces driving dealmaking will overcome any regulatory risk posed by the president's call for stricter vetting of bank merger applications — especially among community banks, experts say. The White House push could even nudge some executives to cut deals sooner.
By Jim DobbsJuly 12 -
HoldCo Asset Management opposed the $900 million deal, arguing that Boston Private failed to consider other potential buyers and did not attract an acceptable price.
By Jim DobbsJuly 1 -
Banks such as Santa Cruz County Bank are now trading shares over the counter to capitalize on investors' bullish outlook for small lenders.
By Jim DobbsJuly 1 -
Even as lockdowns ease, the trend toward remote work poses challenges for building owners and the banks that lend to them.
By Jim DobbsJune 30 -
The buyer is acquiring Westchester Bank Holding Corp. in White Plains, New York, for $220 million. While a relatively small deal for Valley, it fills a geographic gap in its metro New York footprint.
By Jim DobbsJune 29 -
The $124 million buyout would give Farmers nearly $800 million of additional assets and deepen its presence in northeast Ohio.
By Jim DobbsJune 23 -
The bank's holding company, CRB Group, has acquired PeerIQ, an online lending marketplace data provider backed by the former CEOs of Morgan Stanley and Citigroup. It's said it wants more deals like this one.
By Jim DobbsJune 23 -
In the past five years combined only 14 banks failed to meet the minimum market capitalization for inclusion in the index. In this year's rebalancing, 82 are being removed and some may have to consider strategic options to appease investors.
By Jim DobbsJune 16