M&A
M&A
- PSO content
Noble Systems Corp., an Atlanta-based contact center technology services firm, makes its second company acquisition announcement this week.
September 27 -
West Coast Bancorp's pending $506 million sale to Columbia Banking System could serve as a green light for private equity firms itching to cash out of post-crisis bank investments.
September 26 -
While criticizing big bank bailouts, the former FDIC chairman highlights instances where small firms — including United Commercial Bank and ShoreBank — were closed even with alternatives available.
September 26 -
Large expectation value gaps reflect either an investor relations communication problem or questions concerning the validity of management's plan. They can ultimately attract unwanted suitors and hurt a bank's future prospects.
September 26 -
Both TD Bank (TD) and Scotiabank (BNS) may be among more than 15 bidders for the non-U.S. operations of Ally Financial, Reuters reported late Tuesday.
September 26 -
Aspiring consolidators are weighing the advantages of attracting lending teams instead of making outright acquisitions.
September 26 -
Fidelity Bancorp, Western Liberty and Savannah Bancorp artfully structured deals to sell themselves, and are rushing to complete them, in case Congress raises capital gains taxes next year.
September 26 -
Columbia Banking System has agreed to buy West Coast Bancorp. The acquisition, valued at about $506 million, will create a community bank in the Pacific Northwest with more than $7 billion in assets.
September 26 -
Dwight Utz wanted to accelerate his North Carolina company's growth by bringing in private equity. Less than year after ECB's plans fell through, the company agreed to sell to Crescent Financial, which has plenty of backing from private equity firms.
September 25 -
PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers, according to a recent filing with the Securities and Exchange Commission.
September 25 -
Buying CIT, a specialty lender, would add high-yielding loans without saddling Wells Fargo with more deposits and branches.
September 25 -
Landmark Credit Union joins a growing list of tax-exempt institutions finalizing deals to buy banks or thrifts.
September 25 -
Private equity may have played a role in the deal. Crescent, led by Scott Custer, has PE backing, while an infusion set for ECB fell through earlier this year.
September 25 - PSO content
Noble Systems Corp., a contact center technology services firm, announced Monday the acquisition of Stratasoft Inc., a provider of hosted and premise-based contact center technology.
September 25 -
United Community Financial (UCFC) in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.
September 24 -
Bank shares tend to rally in election years but often fall after all the ballots are cast, a KBW study going back to 1984 says.
September 24 -
Aspiring consolidators are weighing the benefits of hiring lending teams as opposed to making acquisitions.
September 24 -
Banks have been increasing their municipal bond holdings so much that they're now on pace to surpass both money market funds and insurers to become the third-largest holders of municipal securities.
September 24 -
A breakdown of bank M&A announcements for the week ended Sept. 22.
September 24 -
Scotiabank in Canada has started issuing cards on the American Express (AXP) network, the companies said on Monday.
September 24




