M&A
M&A
-
Iberiabank is among a handful of serial buyers of banks shuttering branches and taking other steps to lower expenses and raise earnings.
July 26 -
The Federal Deposit Insurance Corp. urged bank CEOs to watch out for middlemen seeking upfront fees to connect them with capital because, it says, many are frauds. The alert should have come sooner, some industry officials say.
July 26 -
Promising acquisition prospects in the New York area prompted Investors Bancorp to tweak the New Jersey company's initial westward-focused growth plan, CEO Kevin Cummings says.
July 26 -
Iberiabank plans to close underperforming branches and trim elsewhere after acquisition-related costs rose in the second quarter, executives said Thursday.
July 26 -
Investors Bancorp offered depositors of Marathon Bank the prospect of participating in its second-step conversion from a mutual thrift, Investors CEO Kevin Cummings says.
July 26 -
Investors, which recently agreed to buy Marathon Bank, reported gains in the second quarter from its Brooklyn Federal acquisition and lending.
July 26 -
Toronto-Dominion Bank said it will consider buying assets similar to its purchase of Chrysler Financial Corp. to bolster U.S. operations amid signs of a "modest" turnaround in the world's largest economy.
July 26 -
Another earnings crunch is coming and bank valuations will sink further. That means selling now is the smart move for hundreds of institutions, says Kamal Mustafa, who stress-tests banks and formerly headed M&A at Citibank.
July 26 -
Banks and institutional investors in loans caught a break when the SEC and CFTC decided not to define loan participation agreements as swaps under Dodd-Frank. A decision otherwise would have ended business as usual.
July 25 -
Hudson City Bancorp (HCBK) has historically held on to the mortgage loans it originates, but it will soon start selling some of those loans on the secondary market in an effort to boost its profits.
July 25 -
U.S. Bank has bought a type of corporate credit card network for truckers from prepaid company TransCard.
July 25 -
Strong loan growth at BankUnited (BKU) helped the Miami Lakes, Fla., company post higher second-quarter income and beat analysts' expectations.
July 25 -
Kamal Mustafa, a former global head of M&A at Citibank who now helps to stress-test banks, fears another earnings crunch is coming and that bank valuations will sink lower than they are now.
July 25 -
Hovde Financial has hired two investment bankers, in Beverly Hills, Calif., and Chicago, as the community bank advisor braces for more deals.
July 25 -
Bankers who want to cash out ahead of a potential hike in the capital gains tax next year need to act fast, M&A experts say.
July 24 -
Hampton Roads Bankshares's (HMPR) second-quarter loss narrowed from a year earlier as improveed credit quality aided the Norfolk, Va., company.
July 24 -
The Illinois company spent three years trying to keep its Kansas and Florida banks from failing. The company, which has other banks, is not off the hook yet because the FDIC could charge it for the cost of the failures.
July 24 -
Banks including JPMorgan Chase & Co. and Citigroup Inc., sued for $2 billion by Thornburg Mortgage Inc. for allegedly helping it fail, lost a bid to move the case from bankruptcy court to district court as a Maryland judge said almost all the issues could be decided in bankruptcy court.
July 24 -
The next six months are critical to the bank if it is to exit Tarp and stay independent, says Kessel Stelling, the Columbus, Ga., company’s chairman and CEO.
July 24 -
Synovus Financial (SNV) continued its comeback, reporting its fourth profitable quarter in a row.
July 24








