M&A
M&A
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The New York-area thrift is benefiting from an effort to make more multifamily and commercial real estate loans and has no immediate interest in selling itself, CEO Monte Redman says in a wide-ranging Q&A.
October 22 -
Two proxy advisory services have recommended against a proposal for Hampden Bancorp in Springfield, Mass., to explore a possible sale.
October 22 -
Sterling Financial in Spokane, Wash., is buying American Heritage Holdings, the holding company of Borrego Springs Bank in La Mesa, Calif., for $6.5 million in cash.
October 22 -
Three banks failed Friday – including two in Florida – and will cost the Federal Deposit Insurance Corp. an estimated $86 million. Regulators seized the $200 million-asset Excel Bank in Sedalia, Mo.; the $159 million-asset GulfSouth Private Bank in Destin, Fla.; and the $67 million-asset First East Side Savings Bank in Tamarac, Fla.
October 19 -
First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.
October 19 -
First Niagara, a Buffalo, N.Y., company, has grown significantly through recent acquisitions but now it wants to cut expenses. Management plans to then reinvest those funds in fee-generating businesses.
October 19 -
Regulators have announced the winning bidder for assets of failed Tennessee Commerce Bank.
October 19 -
The director selection model for too many U.S. banks does not reflect the industry's risk profile realities of 2012.
October 19 -
E-Trade Financial's (ETFC) shares plummeted Friday after the company reported a $28.6 million loss for the third quarter as its provision for loan loss rose and revenue declined.
October 19 -
Elavon and Banco Santander have expanded their existing relationship by agreeing to establish a payment services joint venture together in Spain.
October 19 -
First Niagara Financial Group's earnings slid during the third quarter because of a higher loan-loss provision and a securities sale.
October 19 -
Removing the bank embedded in H&R Block would turn the biggest U.S. tax preparer into a potential takeover target.
October 19 -
A rein on expenses and a pickup in lending and fees propelled People's United Financial in the third quarter.
October 19 -
The acquisition of Rochdale Investment Management helped raise City National Corp.'s third-quarter income 44% from a year earlier to $59.8 million.
October 19 -
Stephen Steinour, CEO of Huntington Bancshares, played up its efforts to manage asset yields and control funding costs after investors took a dim view of its narrower net interest margin.
October 18 -
First Financial Bankshares (FFIN) in Abilene, Texas, said Thursday that it is consolidating all of its bank charters in an effort to cut expenses and boost profits.
October 18 -
Penns Woods Bancorp (PWOD) agreed to acquire Luzerne National Bank (LUZR) in Luzerne, Pa.
October 18 -
Pinnacle, the flagship bank unit of the $6.7 billion-asset Pinnacle Bancorp, agreed last Thursday to buy the $183 million-asset First State Bank of Joplin in Missouri. A day later, the bank announced plans to buy the $139 million-asset Hastings State Bank in Nebraska.
October 18 -
KCB Bank in Kearney, Mo., a unit of Bancshares of Missouri, filed an application this month with the Federal Reserve to assume the assets and liabilities of the $38 million-asset Northland National Bank in Gladstone, Mo.
October 18 -
WASHINGTON — The Treasury Department said Thursday it will auction off its preferred shares in 11 more institutions that remain in the Troubled Asset Relief Program.
October 18


