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Mid-Southern Bancorp could use proceeds to make more loans or to pursue acquisitions.
March 26 -
An affiliate of the private-equity firm Angel Oak is packaging bank-issued sub debt to minimize risk for bondholders. It recently completed its first securitization and has plans to issue two deals a year.
March 26 -
The company said it could raise up to $25 million through the initial public offering.
March 23 -
Are American college students using their student loan dollars wisely? A LendEDU study explored how those funds are spent.
March 22 -
UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.
March 21 -
The Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.
March 21 -
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