
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 agreed to pay $162 million to buy First South Bancorp in Washington, N.C. It is the fifth time this year that a bank in North Carolina has agreed to be sold to a buyer from another state.
The Illinois company agreed to pay $44 million to buy Guaranty Bank, the biggest institution based in Cedar Rapids, Iowa.
MidSouth Bancorp in Louisiana, which faces a formal order from its regulators, will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure.
The Montana company has agreed to buy Columbine Capital in a deal that will add five branches and $330 million in loans in Colorado.
Customers Bancorp is weighing two cash offers and other options for BankMobile after Flagship Community Bank was unable to raise the capital needed to buy the unit.
Financial Institutions in Warsaw, N.Y., has replaced earlier plans for a typical stock sale with an at-the-market program.
The OCC recently gave Sterling a "satisfactory" rating and said the New York bank had addressed some concerns by the Fed that had leaked to the public and raised questions about its pending M&A deal.
The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January.
Murphy Capital Management in Gladstone, N.J., focuses on high-net-worth individuals, businesses and nonprofits.
David Rainbolt, who has been the company's CEO since the early 1990s, has handed the reins to a pair of longtime deputies. Rainbolt will stay at BancFirst as its executive chairman.