HOUSTON - (08/19/05) -- Cardtronics, operator of thenation's biggest fleet of ATMs, said it raised $200 million with anoffering of senior subordinated notes. The proceeds from theoffering were used to pay off bank debt. Cardtronics operates morethan 25,000 ATMs across the country, most of them in retail outletslike A&P, Albertsons, Barnes & Noble, BP Amoco, Chevron,Costco, ExxonMobil, Kroger, Target and Walgreens.
Strong loan and deposit growth led to a double-digit increase in revenues and an even bigger jump in profits at the Columbus, Ohio-based regional bank.
Flagstar shareholders approved a plan to merge its holding company into the bank; Huntington tapped a new chief auditor, along with two new business leaders; First Foundation hired a new chief credit officer; and more in this week's banking news roundup.
In a tough quarter for the auto industry, the Detroit-based lender posted earnings that sped past Wall Street's expectations.
Approximately three years after the one-time non-depository bought Roscoe (Texas) State Bank, Cornerstone Capital Bancorp agreed to purchase Peoples Bancorp.
Regional banks say their asset quality is solid amid skittish investors. The KBW Nasdaq Regional Banking Index was largely stable Friday after falling by as much as 7% the day before.
Coordinated sanctions target two networks behind so-called pig butchering scams, human trafficking and money laundering for North Korean cybercrime groups.
