M&A
M&A
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The crackdown on derivatives seems to be fueling these special securitized loan transactions, and banks like Wells Fargo and SunTrust stand to gain.
March 5 - PSO content
TDX Group, a data and technology debt services firm in the United Kingdom, announced Monday it has acquired the assets of Credit Account Management (CAM) from Interlaken Group for an undisclosed sum.
March 5 -
Fifth Third Bancorp has established a small venture-capital fund to invest in emerging companies that typically do not qualify for bank loans.
March 5 -
United Western Bancorp Inc. in Denver has filed for chapter 11 bankruptcy in a move that would allow the company more time to pursue its lawsuit against federal regulators for seizing its thrift in January 2011.
March 5 -
Pioneer Bank in Roswell, N.M., is expanding its reach in the Lone Star state with a deal to buy two branches in El Paso, Texas, from Washington Federal Inc. in Seattle.
March 5 -
Perhaps readying itself for further expansion, Iberiabank Corp. in Lafayette, La., has filed a shelf registration with the Securities and Exchange Commission that would allow it to quickly raise capital for use in pursuing deals.
March 5 -
TCF Financial Corp. in Wayzata, Minn., said in a regulatory filing that it will buy about $805 million in deposits from a unit of insurer Prudential Financial Inc.
March 2 -
There are few clear home runs when it comes to acquisitions in Florida. Controversy with would-be sellers such as BankAtlantic and BankUnited only serve to highlight issues facing regional banks that want to bulk up in the state.
March 2 -
First Community Bancshares' $40.6 million deal for Peoples Bank of Virginia shows how deals can get done in the slow M&A market and that some can be very simple.
March 2 -
PennyMac founder and former Countrywide president Stanford L. Kurland has taken his share of criticism for helping to start the financial crisis. Now he is singing the praises of the government's latest attempt to fix it.
March 2 -
First Community Bancshares Inc. in Bluefield, Va., is bulking up in the Richmond market with a deal to acquire the $286 million-asset Peoples Bank in Virginia for about $40.6 million in cash and stock.
March 2 -
GFA Federal Credit Union of Gardener, Mass., has agreed to acquire Monadnock Community Bank, a troubled former credit union located in nearby Peterborough, N.H., in the second credit union deal for a bank over the past few months.
March 2 -
Emboldened by the high premium PNC paid for some Tampa branches, BankAtlantic's Alan Levan demanded a lot for the thrift and got it from BB&T, according to a judge's order this week that blocked BankAtlantic's sale.
March 2 -
Rich trading multiples for banking companies like Prosperity in Houston make accretive acquisitions relatively simple. Institutions with such powerful stock currencies are few, however.
March 1 -
The slow M&A market gives the Pennsylvania bank little choice but to digest its two acquisitions and wait for conditions to improve, CEO Reuter says.
March 1 -
Citizens Republic Bancorp Inc. in Flint. Mich., would need to increase its size by roughly 25% to offset any costs associated with crossing the $10 billion-asset threshold, according to Chief Executive Cathleen Nash.
March 1 -
The Blackstone Group has converted some of its shares in BankUnited Inc. into non-voting stock in a move that should allow its own chief executive' to keep his personal financials private.
March 1 -
Beach Business Bank recently agreed to settle a lawsuit brought against it by shareholders corralled by a law firm specializing in litigation tied to acquisitions. Those types of investigations used to be reserved for larger deals but are quickly becoming a mainstay as consolidation picks up.
March 1 -
MANHATTAN BEACH, Calif. — Credit union giants Kinecta FCU and NuVision FCU have called off their proposed combination, which would have been the second biggest credit union merger ever, creating a $4.4 billion credit union.
March 1 -
BOK Financial Corp. in Tulsa is eyeing acquisitions of banks and nonbanks as it looks to both increase market share in areas where it operates and generate more revenues from fees.
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