M&A
M&A
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John Koelmel touts quarterly profit in interview, but merger and integration costs weighed on the Buffalo bank — and more are on the way.
January 26 -
Susquehanna Bancshares Inc. in Lititz, Pa., reported Wednesday that its fourth-quarter earnings nearly doubled from a year earlier, to $19.1 million, on improvements in areas such as lending, fee income and a reduction of problem assets.
January 25 - Indiana
John Keach Jr., the chairman and CEO of Indiana Community Bancorp, which agreed to sell to a rival this week, speaks for many bankers in ticking off the threats to going it alone as a community bank — and explains why his bank decided it had to get out now.
January 25 -
Prepaid card companies have had great success at attracting the underbanked, but their prices remain high compared to banks' — and they might have no choice but to keep them high.
January 25 -
The Michigan company reported its fourth straight annual loss, despite a dogged attempt to harness problem credits.
January 25 -
Two deals last week by Sumitomo Mitsui, and economic conditions in Japan, have sparked speculation among U.S. investment bankers whether Sumitomo and others want to buy more banking assets here.
January 25 -
Increased consumer spending had executives from TSYS singing the praises of solid fourth-quarter earnings and, for the time being, soft-pedaling the potential future loss of Green Dot's processing business.
January 25 -
Cullen/Frost Bankers Inc. in San Antonio said Wednesday that its fourth-quarter earnings rose 4% from a year earlier, due to improvements in credit quality and earning assets.
January 25 -
BankUnited Inc., which last week confirmed a short-lived effort to sell itself, said Wednesday that its fourth-quarter earnings rose nearly 50% from a year earlier, to $41 million.
January 25 -
The Evansville, Ind., bank is at it again, agreeing to buy Indiana Community Bancorp. Old National bought the failed Integra Bank last year and later resold some of its branches.
January 25 -
Iberiabank Corp.'s reported increased quarterly earnings Wednesday, though merger-related costs and impairment charges caused the company to fall shy of Wall Street's expectations.
January 25 - PSO content
Ohio Attorney General Mike DeWine's office has launched the Local Government Collections Services Program to help municipal and county governments collect debts.
January 25 -
Trustmark Corp. in Jackson, Miss., said late Tuesday that fourth-quarter net income fell 10% from a quarter earlier, to $24.3 million.
January 25 -
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BancorpSouth Inc. in Tupelo, Miss., raised $109.3 million in a common stock offering, a week after the company reported better-than-expected fourth-quarter earnings.
January 24 -
The prepaid card marketer Green Dot said Tuesday that it is purchased some assets of eCommLink, allowing it to move its processing in-house.
January 24 -
Southwest Bancorp Inc. in Stillwater, Okla., on Tuesday posted a fourth-quarter loss after shedding $300 million in problem assets through a bulk loan sale.
January 24 -
Executives at Regions are overhauling their deposit business and readying for an eventual exit from Tarp now that they have a deal in place to sell their brokerage unit to Raymond James.
January 24 -
Trepp LLC's Matthew Anderson on the disadvantages giant banks face and why midsize banks will survive.
January 24 -
Banks need to increase revenue, and deals are tempting. But shareholders want buybacks and dividends. KeyCorp CEO Beth Mooney discusses the tough calls banks like hers face in the current economic climate.
January 24




