M&A
M&A
-
Banks in the Magnolia State have built up capital and profits, and their owners are hoping the state's poor national reputation will shield them for a while from big rivals and M&A trends.
October 29 -
Investors are buying more of the riskier portions of collateralized loan obligations, fueling the CLO market and demand for bank loans.
October 26 -
Cattail Bancshares in Atwater, Minn., has finally landed a deal after several years on the prowl. The $120 million-asset company has agreed to buy the $61 million-asset Citizens State Bank of Waverly.
October 26 -
Customers Bancorp's third-quarter earnings increased by 184% from a year earlier after the Wyomissing, Pa., company grew its balance sheet.
October 26 -
Oriental Financial Group (OFG) has priced its public offering that will it raise capital to buy the Puerto Rican operations of Banco Bilbao Vizcaya Argentaria.
October 26 -
Ally Bank has started to explore strategic alternatives for its business lending operations and its servicing rights on agency mortgages.
October 26 -
Investors Bancorp (ISBC) in Short Hills, N.J., reported higher third-quarter earnings because of loan growth and better credit.
October 26 -
Citigroup Inc. (C) was fined $2 million after a junior analyst improperly disclosed confidential information before Facebook Inc.'s initial public offering, Massachusetts' top financial watchdog said.
October 26 -
EverBank Financial (EVER) showed during the third quarter that it was willing to sacrifice its net interest margin to build both sides of its balance sheet.
October 25 -
Joseph Ficalora, the CEO of New York Community Bancorp, blames the tumble in its shares this week on traders betting against the company ahead of its third-quarter earnings report.
October 25 -
C.G. Kum, the CEO of First California Financial Group, gave inconclusive answers to analysts' questions about whether the $2 billion-asset company can resist shareholder calls to seek buyer.
October 25 -
Experts believe more Tarp participants will fail as the economy plods along, and that investors should keep this in mind when bidding on auctions of the Treasury's Tarp holdings.
October 25 -
Yadkin Valley Financial has raised $45 million through a private placement and said it will use the funds to "complete strategic classified asset disposition sales."
October 25 -
The New York firm led by Joseph Stilwell disclosed stakes in four new thrifts and cashed out of 10 other institutions during the third quarter. Its investments often signal plans to pressure companies to improve shareholder value.
October 25 -
A pickup in lending lifted First California Financial Group (FCAL) in Westlake Village in the third quarter.
October 25 -
Third-quarter income at Susquehanna Bancshares (SUSQ) more than doubled as loan growth soared, partly from two recent acquisitions.
October 25 -
Nationstar Mortgage bid roughly $2.907 billion for the origination and servicing assets of Residential Capital Corp., about $93 million shy of the top bid placed by Ocwen Financial and its partner Walter Investment Management Corp.
October 25 -
General Electric held takeover talks with New Jersey's Hudson City Bancorp shortly before the lender agreed to a $3.7 billion sale to M&T Bank in August, three people with knowledge of the matter said.
October 25 -
A state law that eased restrictions on credit card rates in Ohio influenced the move, the Columbus company said.
October 24 -
Leaders of the largest banks are using third-quarter calls to discuss a reluctance to pursue bank acquisitions. The underlying message? Smaller banks are likely to spur the next big wave of consolidation.
October 24



