Ken McCarthy is a reporter at Credit Union Journal, and a former reporter for American Banker and S&P Global Market Intelligence.
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Rising premiums and lengthy earn-back periods have made investors more skeptical than ever about M&A. So the sooner banks are able to convert systems and rebrand, the sooner they'll be able to meet the promised cost-cutting and revenue targets.
By Ken McCarthyApril 30 -
The Boston company gained the mortgage platform when it bought First Choice in 2017.
By Ken McCarthyApril 30 -
The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business.
By Ken McCarthyApril 29 -
The Indiana credit union agreed to pay $21.3 million in cash for New Bancorp, which was created when its savings bank converted to a stock-owned company in 2015.
By Ken McCarthyApril 26 -
The Oklahoma company will pay $122 million for a bank with three branches in Dallas.
By Ken McCarthyApril 25 -
The Delaware company said newly formed NewLane Finance will use "advanced technologies" to provide expedited financing decisions.
By Ken McCarthyApril 24 -
The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year.
By Ken McCarthyApril 24 -
Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors.
By Ken McCarthyApril 23 -
CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January.
By Ken McCarthyApril 23 -
Columbia Banking CEO Hadley Robbins says he's confident the bank can grow on its own as the number of buyout targets in the Pacific Northwest dwindles.
By Ken McCarthyApril 22