M&A
M&A
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Will Spain's precarious financial situation compel the country's banks to sell their U.S. holdings?
August 1 - PSO content
Private equity firm Thompson Street Capital Partners, based in St. Louis, announced it has acquired Receivables Management Partners (RMP), based in Greensburg, Ind.
August 1 - PSO content
A new study of Federal Trade Commission complaint logs based on an analysis of all collected data from 2011 shows that the credit and collection industry is performing at a "very high service level based on the percentage of complaints", according to DBA International, the association of debt buyers.
August 1 -
Lured by growth opportunities and low M&A prices, mid-cap banks in neighboring states are pushing deeper into the failure-ravaged Southeast and remapping the region's competitive landscape.
August 1 -
LAKELAND, Fla. — MidFlorida CU, which has been growing its branch network on the Gulf Coast, has agreed to acquire Indian River CU, a troubled $55 million credit union on Florida's other coast.
July 31 -
Stiffer oversight of banks with assets of $50 billion or more will keep New York Community Bancorp, of Westbury, N.Y., out of the M&A game until a major acquisition comes along, CEO Joseph Ficalora says.
July 31 -
BB&T (BBT) in Winston-Salem, N.C., said Tuesday that it has completed its acquisition of BankAtlantic in Fort Lauderdale, Fla., after it received final approvals from the Federal Reserve Board and the Federal Deposit Insurance Corp.
July 31 - PSO content
Asset Acceptance Capital Corp., a Warren, Mich.-based debt buyer, posted a better-than-expected quarterly profit for the second quarter ended June 30, helped by growth in cash collections, the company announced Monday.
July 31 -
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A number of banking company closed branches during the second quarter, and even more have announced plans to follow suit. Over the past 12 months, there was a net loss of about 770 branch offices nationwide as banks aim to cut costs in the face of depressed interest rates and low loan demand.
July 30 -
State Bank Financial's (STBZ) second-quarter earnings nearly doubled what it reported a quarter earlier as the serial acquirer's organic growth outpaced growth from acquisitions.
July 30 -
Apple Inc., maker of the iPad and iPhone, agreed to acquire AuthenTec Inc. for about $350 million, gaining fingerprint-authentication technology.
July 27 -
Regulators in Georgia closed the $217 million-asset Jasper Banking, which became the industry's 39th bank to fail this year.
July 27 -
ALEXANDRIA, Va. — NCUA said this afternoon it has taken over Trinity CU, a troubled $4 million credit union in Trinidad, Colo.
July 27 -
Some sellers are asking for a lot and buyers have to be careful in vetting targets, but deal activity should increase given the economic pressures and the number of talks going on behind the scenes, some community bank CEOs say.
July 27 -
Gideon King, president of Loeb Capital Management, threatened to buy more stock in First California and clean house in the boardroom and executive suite to facilitate a sale to PacWest or another buyer.
July 27 -
The Community Bank, a struggling mutual thrift in Massachusetts, has given up its bid to stay independent and will instead merge with Eastern Bank, the state's largest financial institution.
July 27 -
JPMorgan Chase (JPM) shuffled some of its high-ranking executives and streamlined its investment and retail banking operations Friday.
July 27 -
First Niagara Financial Group swung to a loss in the second quarter on costs tied to its acquisition of retail branches from HSBC Bank.
July 27 - PSO content
Legal Helpers Debt Resolution LLC, a Chicago-based law firm specializing in consumer debt settlement that was sued last year by Illinois Attorney General Lisa Madigan, will wind down its business nationally, according to the company's general counsel.
July 27





