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The $6 million acquisition will add four businesses with a total of $700 million in assets under management.
March 20 -
Gulfside Bank, which would be based in Sarasota, is angling to become southwest Florida's first new bank in a decade.
March 20 -
Organizers want to open the first new bank in Michigan since 2009, while a third group in Florida has filed a de novo application.
March 19 -
Nonbanks are originating more commercial mortgages on fixer-uppers in response to a sharp drop in the cost of funding in the securitization market. These deals are said to be "vastly different" than other CRE instruments that sustained big losses in the crisis — so far.
March 16 -
Independent Bank Group said the firms had become shareholders after it bought Carlile Bancshares last year.
March 16 -
A decade after buying Bear Stearns, JPMorgan has maintained its revenue from fixed-income trading while many rivals saw theirs slip.
March 16 -
First the House and now the Senate have included provisions in their regulatory relief bills that bankers say would go a long way toward clearing up confusion over how to treat high-volatility commercial real estate loans.
March 15 -
Park National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.
March 15 -
The company's deal for Coastway Bancorp in Rhode Island makes sense since both institutions are former credit unions.
March 14 -
Organizers in Winston-Salem are planning to raise at least $25 million to form Community Bank of the Carolinas.
March 14