M&A
M&A
- Alabama
BancTrust Financial Group in Mobile has put itself on the block, and as many as a half dozen banks could pursue it. The bidding process could foretell a lot about the appetite for small, complex deals everywhere.
March 26 -
WASHINGTON — Banking regulators said Monday they are looking for feedback on proposed changes to guidance issued in 2001 on leveraged finance.
March 26 -
First Banks of Clayton, Mo., is exiting Florida roughly four years after it entered the state with the acquisition of the troubled Coast Financial Holdings.
March 26 -
Seeing a major opportunity in the U.S. market, Monitise and Clairmail announced a merger deal in which they will cross-polinate and cross-sell each other's technology in their respective markets.
March 26 -
CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.
March 26 -
Alabama's BancTrust Financial has abandoned a bid to raise private equity funds. As bank-acquirers circle, a deal could say a lot about the state of M&A.
March 26 -
Citigroup Inc. (C) is reducing its stake in a Turkish bank and its earnings will take a hit because the value of the investment has declined.
March 26 -
In what would be just the second acquisition in its 49-year-history, FNB Bancorp in South San Francisco has struck a deal to buy Oceanic Bank Holding in San Francisco.
March 26 -
In its first-ever auction of preferred stock acquired through TARP, Treasury is seeking to sell stakes in Banner Corp. (BANR) of Walla Walla, Wash., First Financial Holdings (FFCH) of Charleston, S.C.; MainSource Financial (MSFG) of Greensburg, Ind.; Seacoast Banking (SBCF) of Stuart, Fla.; Wilshire Bancorp (WIBC) of Los Angeles; and WSFS Financial (WSFS) of Wilmington, Del.
March 26 -
JPMorgan Chase's chairman and chief executive officer for the Asia Pacific region, Gaby Abdelnour, is leaving the bank, according to an internal memo seen by the Wall Street Journal.
March 26 -
Monitise said Monday that it is buying Clairmail, a San Rafael, Calif.-based provider of mobile banking and payments technology.
March 26 -
The California Department of Financial Institutions took over Telesis Community CU, the one-time $625 million credit union with one of the biggest member business loan portfolios in the country, Friday night and appointed NCUA as conservator.
March 23 -
State regulators closed two banks on Friday, bringing the year's tally to 15. The two failures, in Georgia and Illinois, are expected to cost the Deposit Insurance Fund $ 95.6 million.
March 23 -
On the weekend of May 18, Bank of America plans to complete a technology project that has spanned the country and will end in one of the bank's most complex markets: California.
March 23 -
Several large banks are facing a potential credit-rating downgrade, raising questions whether they could withstand collateral calls on their derivatives. But the post-crisis push for higher liquidity and leaner balance sheets may have steeled them from the threat.
March 23 -
A Kansas City, Mo., asset management firm that until last summer was partially owned by JPMorgan Chase & Co. quietly won a large breach-of-contract judgment last year against the New York bank, according to court documents unsealed this week.
March 23 - PSO content
HSBC Financial said this week that it could not find a suitable buyer for its consumer finance business and will be closing 75 offices across Canada, putting 500 people out of work.
March 23 -
Royal Bank of Scotland Group confirmed Friday that industry veteran Mike Biggs will become the chairman of its Direct Line business as the U.K. bank looks to bulk up its insurance arm ahead of a planned initial public offering later this year.
March 23 - PSO content
DECA Financial Services, based in Fishers, Ind., is moving into a larger building and adding 140 employees during the next three years, the company announced this week.
March 23 -
Commerce Bancshares — a Worcester, Mass., bank that specializes in classic car and small aircraft loans — would become a lender to buyers of Boston taxi medallions by acquiring Mercantile Capital, CEO Brian Thompson says.
March 22





