
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.
Caliber will also buy about $36 million of mortgage servicing rights in a deal that is expected to close at the end of March.
The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.
Columbia Banking's CEO, who died unexpectedly on Sunday, was a thoughtful and tenacious leader who leaves a legacy of turning a small Washington bank into a regional power in the Pacific Northwest.
West Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year.
The deal comes months after First Merchants bought a minority stake in Independent Alliance.
The deal with American Homestead Mortgage will allow Wintrust Mortgage to move into northern Montana.
The OCC wants California First to implement “prudent concentration limits” on leveraged loans.
CapGen, once a vocal critic of management, will cut its holdings to as little as 3% of shares outstanding.
Not every bank could simultaneously make and entertain acquisition offers like Pacific Continental did, but its story highlights hard questions facing financial institutions in a consolidating industry.
Heartland will gain 12 branches around Denver and Boulder after it buys the $1.4 billion-asset Citywide.