M&A
M&A
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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 -
ING Group's sale of its Asian asset-management arm has attracted bids from Japan's Nikko Asset Management, Australia's Macquarie Group and others, in an auction that could value the operations at about $500 million.
May 15 -
Experts quizzed by the U.K. government's Treasury Select Committee warned that it could take years for Royal Bank of Scotland Group PLC (RBS) to be fully privatized, as the government tries to balance getting a fair price for its stake while also enticing a suitable buyer.
May 15 -
Institutional Shareholder Service backs the Renton, Wash., company's director nominees. Dissident shareholder Joseph Stilwell is trying to get his general counsel added to the board.
May 14 -
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Sometimes there are more ways to pay for a bank than in cash or stock. Just ask Citizens South, which extracted job protections and a charitable donation for its local community before agreeing to sell to Park Sterling.
May 14 -
Both sides of a bank deal need to meet with their regulators well ahead of announcing it in today's complicated world.
May 14 -
The investment group Castine Capital Management has been sharply reducing its ownership stake in First California Financial Group (FCAL) even as it has been pressuring the company to sell itself.
May 14 -
As acquisition financing deals pick up, big banks are seeing a growing number of opportunities to sponsor loans to corporate borrowers.
May 14 -
Park Sterling Corporation in Charlotte, N.C., announced Monday that it is buying Citizens South Bank in Gastonia, N.C., in a deal that would instantly double its size.
May 14 -
After putting its initial public offering plans on ice, Customers Bancorp in Wyomissing, Pa., has placed $270 million of its investment portfolio on the auction block.
May 11 -
The pace of consolidation among financial technology firms is likely to pick up as more and more banks look to trim overhead by combining services with fewer vendors.
May 11 -
First California Financial Group's decision to turn down a buyout offer from PacWest Bancorp (PACW) has angered at least one of the company's largest shareholders.
May 11 -
Past rallies in issuance of leveraged loans for mergers and acquisitions or leveraged buyouts have sputtered before, but macroeconomic factors are expected to keep investors bullish this time.
May 11 -
Many banks reported strong loan production in the first quarter, but most bankers acknowledged that overall loan demand remains tepid and that the activity is largely a result of stealing business from rival banks.
May 11 -
"There's a lot of frustration" among retailers, says Bill Johnson, who runs the Citigroup unit that issues store cards. "They're worried about who owns the data, who owns the [customer] relationship."
May 11





