M&A
M&A
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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 -
Wilbur Ross says in an email to American Banker that BankUnited tried to sell only after an unnamed investment bank told management it could fetch a "substantial premium above market."
January 24 -
A dearth of failed banks and an artificially low interest rate environment are causing headaches for many firms that now must face an uphill climb before cashing out.
January 24 -
While Citigroup Inc. struggles to get rid of its consumer lending unit, banks including Wells Fargo & Co. and SunTrust Banks Inc. are expanding their similar businesses.
January 24 -
The Justice Department has again delayed its decision on the ACI Worldwide acquisition of S1, prompting ACI to extend the closing of the acquisition until Feb. 10.
January 24 -
HSBC Holdings PLC said Tuesday it is selling its Costa Rica, El Salvador and Honduras businesses to Colombian banking group Banco Davivienda SA for $801 million, as it continues to whittle down its portfolio of global retail banking assets.
January 24 -
NBT Bancorp Inc. in Norwich, N.Y., said late Monday that its fourth-quarter earnings fell 5% from a year earlier as lower interest yields squeezed its net interest margin.
January 24 -
Synovus Financial Corp. swung to a profit in the fourth quarter after sharply reduced funds held for risky loans helped the regional lender report its second straight quarter in the black.
January 24 -
Regions Financial Corp. swung to a fourth-quarter loss, with the regional lender booking a hefty write-down following a long-planned deal to sell its brokerage unit.
January 24 -
SunTrust Banks Inc. has acquired FirstAgain LLC, an online lender that targets superprime borrowers.
January 23 -
First Independent Bank has notified employees whose jobs will be eliminated after the Vancouver, Wash., bank is sold to Sterling Financial Corp. of Spokane, Wash.
January 23 -
Community Bank System Inc. in Syracuse, N.Y., is planning to raise $50 million in a stock sale primarily to fund its acquisition of 19 upstate New York branches from rival First Niagara Financial Group Inc.
January 23 -
Last week's wave of acquisitions involving sellers with less than $500 million in assets could present an opportunity for investors who want to get in on consolidation but lack the large sums of cash held at private equity firms.
January 23





