M&A
M&A
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SNL Financial's ranking of the 10 biggest bank and thrift deals since Jan. 1, 2010, reminds us that some acquisitions demand a lot of short-term pain to get them approved, and to integrate them for long-term gains.
June 22 -
A month after calling off a planned public offering, Customers Bancorp in Pennsylvania, led by former Sovereign CEO Jay Sidhu, will bring in $100 million in capital by acquiring Acacia Federal Savings.
June 22 -
American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.
June 22 -
French banking giant Societe Generale is selling a portion of its shipping loan portfolio to Citigroup (NYSE:C).
June 22 -
Barclays has appointed Jerry del Missier — the co-chief of it investment banking arm — to the newly created role of chief operating officer in an effort to bolster the bank's global operations during a period of regulatory upheaval.
June 22 -
Ixonia Bancshares in Milwaukee has raised $21 million in fresh capital, including $16.5 million from a wealthy family that also owns a stake in the Milwaukee Brewers baseball club.
June 21 -
When HSBC sold its branches in upstate New York, it created a big change with dozens of branches changing hands. Once the signs are changed, a number of community banks and regionals will have to work hard to keep business in those branches.
June 21 -
Fees paid to outside auditors appear to have been relatively stable in recent years. So have legal expenses for smaller institutions since mid-2010, when the 2,000-odd pages of the Dodd-Frank Act became law.
June 21 -
A Chinese businessman who founded a rice-trading company made up a story about his $60 million acquisition of a Delaware bank. He has since been arrested.
June 21 -
What the investor fights at ECB and First California say about how hard it will be for struggling banks in prized markets to stay independent, and who is vulnerable.
June 21 -
Customers Bancorp, the Wyomissing, Pa., banking comany led by veteran banker Jay Sidhu, is giving up nearly 20% of its ownership to venture into the greater Washington, D.C., market.
June 21 - PSO content
DebtX will sell more than $358 million of participations, loans and leases from the Tennessee Commerce Bank receivership on behalf of the Federal Deposit Insurance Corp.
June 21 -
Palmetto Bancshares in Greenville, S.C., is shedding more than $40 million of problem loans as part of its ongoing effort to clean up its balance sheet and return to profitability.
June 21 -
John Kanas' BankUnited seems like a small threat now, but Capital One fought hard to protect its standing in the prized Northeastern market down the road.
June 20 -
Schiff Hardin in Charlotte, N.C., just created Schiff Hardin Strategic Advisers to help banks distance themselves from past problems and prevent them from reoccurring. The firm is led by two former Wachovia executives.
June 20 -
A San Antonio community bank owned by the family of prominent businessman Tom Benson is acquiring another small bank in what would be its first-ever acquisition.
June 20 -
FRANKFURT — Deutsche Bank AG (DB) and Guggenheim Partners Wednesday called a halt to exclusive negotiations over the sale of the bank's global alternative asset management business RREEF, as they couldn't agree on terms for the sale, the German lender said.
June 20 -
Most banks have eliminated bonuses, but thanks to stock options a dozen top executives raked in seven figures last year, according to SNL.
June 20 - PSO content
Alliance Data Systems Corp. has agreed to buy the $475 million private-label credit card portfolio of Bon-Ton Stores Inc., a 275-store chain with outlets in 23 states.
June 20 - PSO content
Accretive Health Inc., one of the nation's largest medical collection agencies, has hired its second Washington-based lobby firm after coming under fire in a report released in April by the Minnesota attorney general's office for allegedly pressuring patients into settling debts, sometimes before they received care. The Chicago-based hospital billing company will retain The Duberstein Group in addition to its first firm, Heather Podesta + Partners.
June 20






