M&A
M&A
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Like any self-conscious Chicagoan, Ed Wehmer is hoping his actions – in this case an advertising campaign at Wrigley Field – aren’t perpetuating the Chicago Cubs’ curse.
May 1 -
Wells Fargo has deployed a series of network and application monitoring tools to ensure website performance as it continues to assimilate Wachovia's huge network.
May 1 -
PacWest Bancorp (PACW) will buy American Perspective for $58 million in cash, trumping a $44 million offer that Umpqua Holdings (UMPQ) made for the San Luis Obispo, Calif., company just a month earlier.
April 30 -
Hampton Roads Bankshares (HMPR) of Norfolk, Va., has found new buyers for three of its Gateway Bank & Trust branches it had previously agreed to sell to ECB Bancorp (ECBE).
April 30 - Kansas
CrossFirst Bank in Leawood, Kan., has agreed to acquire substantially all of the assets and deposits of Mercantile Bancorp's $110 million-asset Heartland Bank.
April 30 -
Fulton Financial in Lancaster, Pa., is planning to open six new branches in 2012 and will renovate five others as part of a broader effort to make its branches more inviting and free up staff to better interact with customers.
April 30 -
First Financial in Cincinnati instituted a full pay-out of earnings in August. Although investors were happy with the move, the company has been swarmed with questions over how long it plans to keep the payout. Last week, the company committed to it until the end of 2013.
April 30 -
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Mergers and acquisitions enjoyed a notable uptick in the first quarter. Now financial dealmakers are hotly debating whether it's a one-quarter wonder or the beginning of a much-heralded consolidation.
April 30 -
A plan to spin off Royal Bank of Scotland Group PLC's global mergers and acquisitions division into a boutique operation, in which the majority state-owned lender may hold a stake, could be finalized by the end of the year, said Simon Penney, chief executive of RBS in the Middle East and Africa.
April 30 -
WSFS Financial (WSFS) in Wilmington, Del., has been using its excess capital to open new branches, hire lenders and beef up its wealth management operations, but Chief Executive Mark Turner assured investors and analysts Friday that repaying the $53 million it received from the Troubled Asset Relief Program remains a priority.
April 27 -
First Banks of Clayton, Mo., said Friday that it has called off its plan to sell its Florida branch network to an unnamed bank after the two sides could not come to terms on a deal.
April 27 -
The Houston bank's four deals since September would not slow it down if it sees another good M&A opportunity, David Zalman says. Proxy filing details how it courted American State Financial.
April 27 -
Christopher Whalen at Tangent Capital is concerned about a component of the initial public offering that lets some existing investors sell their stock.
April 27 -
The 31 banks that disclosed their sales price in 2012 fetched a median price equal to 116% of their tangible book, up from a median price of 94% of tangible book in the fourth quarter and 108% a year earlier, SNL said.
April 27 -
Thinly traded First Trust Bank was a popular stock with investors early Friday after rumors circulated that the Charlotte community bank could soon be acquired.
April 27 -
Hancock Holding's (HBHC) shares tumbled Friday morning after the Gulfport, Miss., company reported that its first-quarter earnings fell short of expectations as its allowance for loan losses rose.
April 27 -
Calling it a "milestone in its global growth," Silicon Valley Bank announced late Thursday that it has received permission from British banking authorities to open a full-service banking office in London.
April 27 -
The deal would give Wells an entrée into prime brokerage and continues its niche M&A strategy.
April 27 - PSO content
HSBC is cutting more than 2,200 senior and middle management jobs in Britain as part of its drive to slash costs and boost profitability.
April 27




