M&A
M&A
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BB&T’s (BBT) deal to buy BankAtlantic Bancorp’s (BBX) thrift for up to $316 million has received the green light from the Office of the Comptroller of the Currency, one of three federal regulators that must approve the sale.
April 10 - PSO content
NCO Group Inc., in its annual report filed Friday, said its debt collection unit accounted for $1.2 billion in revenue in 2011, down 7% from 2010. The company's overall revenues totaled $1.54 billion last year, down 2% from the previous year.
April 10 -
First Mariner Bancorp says it recently purchased a 24.9% stake in another Maryland bank to collect collateral on a debt – not to take it over.
April 10 -
PremierWest Bancorp (PRWT) of Medford, Ore., will lay off staff in support areas and not fill vacant positions as it continues to implement cost-cutting measures.
April 9 -
- Oregon
South Valley Bancorp would more than double its sale price if it collects in full on a pool of suspect business loans before its takeover by Washington Federal is completed.
April 9 -
Seoul's Hana Financial Group no longer plans to acquire a 51% ownership stake in Saehan Bancorp of Los Angeles.
April 9 - WIB PH
Eileen Bagnoli made the right move when she chose teller job at Pioneer over a teaching post 40 years ago.
April 9 -
The OCC's approval clears First Niagara to close its deal for 195 branches in New York and Connecticut by May 18, CEO John Koelmel says.
April 9 -
Jefferson’s deal for Carrollton Bancorp is part of the PE-backed company’s plan to expand to $1 billion of assets, which CEO Cashen says is a must in today’s world.
April 9 -
The Lansing, Mich., company has turned its inventory of community banks into a garage sale to bring in capital to support its struggling banks. With fewer banks left to sell, industry observers say Capitol has few options to keep capital levels above regulatory minimums for failure.
April 6 -
DNB First in Downington, Pa., is acquiring a branch in nearby Boothwyn from Capital Bank of Rockville. Md.
April 5 -
"Is my bank worth that much?" That is the urgent question potential sellers are asking in the Lone Star State, after two pricey deals there — for Encore Bancshares and American State Financial — the past two months.
April 5 -
TD is investing in a massive brick-and-mortar expansion even as its U.S. competitors increasingly question the future of the traditional storefront.
April 5 -
The asset-management arm of Fifth Third Bancorp (FITB) announced Thursday that it is selling the assets of 16 mutual funds and about $5 billion in money market fund assets in two separate transactions.
April 5 -
Western Capital in Boise, Idaho, is expanding into neighboring Oregon with a deal to acquire the $104 million-asset Northwest Bank in Lake Oswego.
April 5 -
More banks are looking to cut costs by selling off branches built during the real estate boom. Thankfully, there are still banks with capital and a desire to pick and choose assets and bargain prices, helping to fuel the market.
April 4 -
First Southern Bank in Boca Raton, Fla., announced Wednesday that its president, Lynne Wines, has added the title of chief executive officer and has been elected to its holding company's board of directors.
April 4 -
An ailing Milwaukee community bank that needs to bolster its capital levels is about to receive a significant cash infusion from a prominent local family.
April 4 -
BATON ROUGE, La. — In a rare deal, Pelican State FCU said this morning it is transferring its Chalmette branch and 600 member accounts there it acquired in the wake of Hurricane Katrina to nearby Eagle FCU.
April 4




