M&A
M&A
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Pegasus Bank in Dallas said Wednesday that it had raised $3.5 million in a stock sale and that it is using the funds to bolster its capital ratios.
June 6 -
Recent proxy fights illustrate how the high-stakes contests are getting ever more expensive for bankers and insurgents alike.
June 6 -
Bad times are driving a large majority of banks to rethink their operating models, a KPMG survey says. Wealth management and technology are priorities, branches may have to be turned into marketing stores, and M&A is still back burner.
June 6 - Missouri
A Kansas banking company that last week raised fresh capital to fuel its growth has struck a deal that would more than double its size.
June 5 -
BNC Bancorp has no immediate plans to exit the program, despite recently raising $73 million from a private placement. CEO Swope Montgomery believes BNC's acquisitions will more than offset the current 5% borrowing rate for the Tarp funds.
June 5 -
Ocwen Financial (OCN) has purchased the commercial servicing rights portfolio of Aurora Bank.
June 5 - PSO content
Asta Funding Inc., an Englewood Cliffs, N.J.-based public debt buyer, announced late Monday it had repurchased one million shares of its common stock from investment fund management firm Peters MacGregor Capital Management Pty. Ltd. in a privately negotiated deal. Peters MacGregor Capital is an Australian fund manager that specializes in global equities.
June 5 -
In what would be its first acquisition in nearly a decade, Peoples Bancorp (PEBO) in Marietta, Ohio, announced Tuesday that it is buying Sistersville Bancorp in West Virginia for $9.8 million in cash.
June 5 -
Mortgage servicing company Nationstar Mortgage Holdings Inc. (NSM) has agreed to acquire roughly $10.4 billion in residential mortgage servicing rights from Bank of America Corp. (BAC) in a co-investment with Newcastle Investment Corp. (NCT).
June 5 -
BNC, of High Point, N.C., would pay $35 million for First Trust, its fifth deal in the Carolinas in nine months.
June 4 -
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Recent proxy battles show that the high-stakes clashes are getting pricey for management teams and irate shareholders.
June 4 -
When making a point to banker groups about how much the week-to-week banking habits of Americans have changed in recent years, one simple question tends to create much side chatter, nods and chuckles.
June 4 -
Freed from an enforcement order that led it to sharply reduce its assets, Guaranty Bancorp in Denver is now turning its attention to growth.
June 4 - PSO content
TransUnion announced on Monday that it has finalized the purchase of a majority share in CRBAfrica, a credit risk management organization with a presence in eight countries across Africa. Terms of the transaction were not disclosed.
June 4 -
Bank of America (BAC), before its shareholders approved the bank's $50 billion buy of Merrill Lynch in December 2008, was informed of far greater losses at the investment firm than had been disclosed in proxy documents filed with regulators, B of A's then-chief executive, Kenneth Lewis, disclosed in court documents filed late Sunday in a shareholder lawsuit, the New York Times reported Sunday on its website.
June 4 -
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Berkshire Hills is paying for its latest acquisition, of Beacon Federal, in a way that protects shareholder returns at the expense of its tangible book value.
June 1 - Illinois
American Chartered Bank in Schaumberg, Ill., has sold its health savings account business to Minnesota insurance company SelectAccount.
June 1 -
Equity Bancshares in Wichita, Kan., has filled its tank to fuel growth. The $600 million-asset company raised $20.4 million in capital that it plans to use for acquisitions and organic growth.
June 1





