
Paul Davis
Founder, Bank SlatePaul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
Paul Davis is the founder of Bank Slate, a financial strategy and research firm. He previously led community bank coverage at American Banker.
The company has agreed to buy Albany Bancshares, which has four branches near the Iowa border.
The Louisiana company will enter two new markets after it buys the locations.
Community First will pay $40 million in cash for the parent of Affinity Bank.
The company will pay $113 million for a commercial lender based in its backyard.
People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A.
Indiana Members Credit Union will pay cash for Commerce Bank.
The Iowa company will pay QCR Holdings about $59 million for Rockland Bank and Trust.
The Michigan company will pay $68 million to expand in a high-priority market.
The Los Angeles company said it is also looking into internal controls tied to construction lending.
CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.