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Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.
August 13 -
The Michigan company will pay $68 million to expand in a high-priority market.
August 13 -
CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.
August 13 -
The companies said the merger will provide scale and help them update technology more efficiently.
August 12 -
Margin expansion may grind to a halt if the Fed holds rates steady or cuts them further. The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. Check out our annual ranking of banks with $10 billion to $50 billion of assets.
August 12 -
The bank will buy First State Bank of Mobeetie.
August 9 -
The company will pay $13 million for the parent of Western Bank of Wolf Point.
August 9 -
Consolidation heated up in recent weeks after a tepid start this year. Here is an overview of noteworthy deals announced in June and July.
August 6 -
The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.
August 6 -
Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.
August 6 -
The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.
August 5 -
With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets.
August 5 -
Beacon Business Bank hired former Boston Private executive John Delaney as its new leader.
August 5 -
These banks posted strong quarterly results at a time when many others struggled with thinner margins and rising expenses.
August 4 -
Millyard Bank is on a course to open by the end of this year.
August 2 -
The year's second-biggest bank merger created a Midwestern regional with nearly $50 billion in assets, and its CEO and executive vice chairman don't intend to stop there.
August 1 -
Dealmaking had been sluggish until mid-July. Factors behind the uptick include uncertainty about both margins and loan growth.
July 31 -
You've made it to August: Ready to hit the beach or just hide somewhere and curl up with a good read? Here are 12 books that address any need: improve your leadership skills, revive unused parts of the brain, stretch your imagination, or laugh from the gut.
July 31 -
As management teams meet to set their priorities, there is a range of issues, including consolidation, cybersecurity and succession planning, that will likely come up.
July 31 -
The Arkansas company will pay $434 million for Landrum Co., which also has branches in Oklahoma and Texas.
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