M&A
M&A
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Prosperity Bancshares Inc. in Houston has struck its second deal in three months, announcing Friday that it is buying East Texas Financial Services Inc. in Tyler in all-stock deal.
December 9 -
The management of the newly formed BBCN Bancorp believe delayed approvals helped Nara Bancorp and Center Financial better prepare for their merger.
December 8 -
U.S. Bancorp and Fifth Third are eyeing small deals that would make them bigger players in markets they are already in, executives say. It sounds like a good idea for them and others, but will banks stick to it?
December 8 -
The Federal Reserve Board said Thursday that it had approved Brookline Bancorp Inc.'s acquisition of Bancorp Rhode Island Inc. in Providence, R.I.
December 8 -
JPMorgan Chase & Co. said Thursday the bank has repurchased $8 billion of common stock and warrants as of Sept. 30.
December 8 -
First Niagara's plan to pay for nearly 200 HSBC branches has diminished the deal's promise, put new burdens on the bank and its investors and lowered CEO John Koelmel's profile on Wall Street.
December 7 -
After several years on the sidelines, the Cincinnati regional looks to acquisitions to "deepen density."
December 7 -
Three state banking commissioners — Mark Kaufman of Maryland, James Cooper of Indiana and John Ducrest of Louisiana — said Wednesday that heightened regulatory, economic and policy concerns are deterring worthy state-chartered banks from winning big investors.
December 7 -
- Kansas
Equity Bank in Andover, Kan., and University National Bank in Lawrence, Kan., have terminated their deal to merge.
December 7 - PSO content
BMO Financial Group played up the promise of its acquisition of Marshall & Ilsley Corp., but an uptick in nonperforming assets in the U.S. raised some eyebrows.
December 7 -
Bank of America Corp. urged its shareholders not to submit shares to an unsolicited tender offer from virtually unknown investment group IPIC Group Ltd., even though the offer is at a premium to recent market prices.
December 6 -
First Niagara Financial Group Inc. Buffalo announced a series of moves after the stock market closed Tuesday aimed at raising the capital it needs to complete its acquisition of 195 upstate New York branches from rival HSBC Bank USA.
December 6 -
The extra $108 million of nonperforming assets is not a problem, BMO's chief Bill Downe says in an interview in discussing the Canadian company's integration of its recent U.S. acquisition.
December 6 -
Continuing its expansion in entertainment hotbeds outside of Southern California, City National Bank in Los Angeles has opened its first banking office in Atlanta.
December 6 -
An avalanche of private equity-led acquisitions of banks never materialized this year, dampening expectations for a 2012 rebound. But don't tell that to former bankers who are tied to buyout funds.
December 6 -
A second independent advisory firm has weighed in on pending board elections at HF Financial Corp. and this one is urging shareholders to cast their ballots for candidates supported by management.
December 6 - PSO content
Only two credit unions sold their credit card portfolios in the third quarter, recently released data show.
December 6 -
Beneficial Mutual Bancorp Inc. of Philadelphia has agreed to acquire SE Financial Corp.
December 6 - PSO content
Wells Fargo & Co. will pay $75 million to settle a class-action lawsuit by stockholders who claimed Wachovia misrepresented the quality of its mortgages from 2006 to 2008.
December 6


