JACKSONVILLE, Fla. - (10/01/04) -- Fidelity National Financial Inc.said will change the structure of its planned acquisition ofAtlanta-based payments processor InterCept Inc., to all cash.Fidelity National, the nation's largest title insurer, hadoriginally agreed to pay the $18.90 a share, or $425 million,acquisition price in either cash or a combination of cash andstock. Fidelity said it still plans to spin off its fledglingfinancial services unit, which will include InterCept, AurumTechnology, ALLTEL Information Services, VISTA InformationSolutions, and Sanchez Computer Associates, in an initial publicoffering probably next year.
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The Oklahoma community bank partnered with two digital asset companies to create a cross-border form of tokenized U.S. dollar deposits.
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Grand Rapids-based Independent Bank Corp. has agreed to buy HCB Bancorp for $70.2 million — the buyer's first deal since 2017.
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Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.
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Royal Bank of Canada is rolling out AI across its businesses in an effort to become more efficient and generate more revenues. The Toronto-based bank recently created an internal AI accelerator that directly reports to CEO Dave McKay.
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The Ohio-based lender is accusing Atlantic Coast Mortgage of stealing customers, while a Chicago bank is accusing Lower of raiding a Maryland branch.
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For the second week in a row, the 30-year fixed increased by 11 basis points, Freddie Mac found, a result of reaction to oil price hikes from the Iran conflict.
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