M&A
M&A
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Avoid the bluster and the defensiveness, and focus on communication and steps to improve the bank, veterans of activist investor fights like John Palmer of PL Capital advise.
May 17 -
Porter Bancorp's shareholders have granted the struggling company more flexibility to raise capital to meet the demands of regulators.
May 17 -
Capitol City Bank, a minority-owned bank in Atlanta that is under orders from its regulators to add fresh capital, is getting a shot in the arm from SunTrust Banks (STI).
May 17 -
New York Community, FirstMerit and BB&T see lots of banks for sale but few worth buying, top executives said at London investor conference.
May 17 -
Two Massachusetts thrifts that are planning to merge next quarter have decided on a new name for the combined company.
May 17 -
The Center for Discovery provides care for disabled and autistic children, including Ellen Alemany's daughter. This week it honored the Citizens CEO and fifth most powerful woman in banking.
May 17 -
Prosperity Banchares’ deal to buy East Texas Financial Services is on hold after another bank holding company that owns a stake in the $212 million-asset East Texas filed a lawsuit to block the sale.
May 17 - PSO content
Grand American Resources Inc., a Grand Marais, Minn.-based collection agency, will collect unpaid fees from former inmates of the Houston County (Minn.) jail under a one-year contract approved by county commissioners.
May 17 -
MetroCorp Bancshares Inc.'s (MCBI) public offering of 4.45 million common shares priced at a 7.4% discount to Wednesday's close.
May 17 -
Demand for bank stocks is up this year, but Wall Street is showing reluctance to fund a certain kind of lender: Community banks with dim prospects for making acquisitions. MetroCorp Bancshares of Houston, First Community of Lexington, S.C., and Northeast Bancorp of Lewiston, Maine all find themselves in this situation.
May 16 -
Central Bank in Stillwater, Minn., is buying another distressed bank. It has a deal to buy the struggling Bank of Naples in Florida.
May 16 -
Bank of America is taking its small Florida pilot short-sale incentive program national.
May 16 -
When Residential Capital Corp. filed for bankruptcy protection earlier this week it left behind a trail of unsecured creditors with claims totaling well over $1 billion, according to court documents.
May 16 -
Bank of Montreal's (BMO) private-client group is eyeing Singapore for wealth-management operations as it expands its wealth footprint in Asia.
May 16 -
First Federal Savings Bank in Elizabethtown, Ky., is planning to sell four more of its branches as part of its ongoing effort to beef up its capital levels.
May 16 -
At least two bank advisory firms are structuring pools of nonperforming assets for community banks. The pools give the sellers a better chance of attracting buyers, who generally prefer buying assets in bigger lots.
May 15 - California
The Japanese parent of Union Bank in San Francisco announced Tuesday that the bank's chief executive, Masashi Oka, has taken on the additional title of CEO for the Americas.
May 15 -
Collateralized loan obligations are gaining new life as a way for nonbanks to finance loans to midsize businesses. NXT Capital's chief financial officer, Neil Rudd, explains how in detailing a recent deal.
May 15 -
Less than a month after taking over a failed Maryland bank, Sonabank in McLean, Va., has unloaded the bulk of the problem loans it inherited in the deal.
May 15



