M&A
M&A
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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 -
- Kentucky
Under a deal excepted to close in the second quarter, River Valley Bancorp in Madison, Ind., would pay $6.3 million in cash for all the common stock of the $82 million-asset Dupont State Bank.
December 5 -
Many community banks that are struggling to grow and cannot afford to repay their bailout aid will be forced to sell, and they don't have a lot of time to find a buyer.
December 5 - Ohio
First Midwest Bancorp Inc. in Itasca, Ill., First Financial Bancorp in Cincinnati and MidSouth Bancorp Inc. in Lafayette, La., have finalized separate acquisitions.
December 5 -
HSBC Capital Management, the buyout arm of HSBC Holdings PLC's business in America, Monday said it has spun out into a new firm called Graycliff Partners — the latest example of a bank disposing of assets in the face of regulatory reform.
December 5 -
The prepaid card marketer Green Dot Corp. announced Monday that it has hired a Visa Inc. veteran, John MacIlwaine, to be its new chief information officer.
December 5 -
Credit Suisse is splitting its Europe, Middle East and Africa private banking unit into two to better address the diverging needs of clients in western and emerging Europe, private banking chief Hans-Ulrich Meister said Monday.
December 5 -
Many big banks in debt-plagued Europe need to slim down and raise capital. As a result, experts say they expect more opportunities for U.S. banks to beef up as overseas conglomerates unload unwanted assets.
December 2 -
NCUA has cleared the acquisition by United FCU of Griffith Savings Bank, the first purchase of a bank by a federally chartered credit union, and the deal now awaits approval by the FDIC.
December 2 -
Small but profitable Wedbush Bank, a sister company of Wedbush Securities, is the rare example of a thriving bank linked to a brokerage firm. Now the bank is looking to expand by scouting for an acquisition along the West Coast.
December 2 -
The NCUA approved a serices of mergers for billion-dollar-plus credit unions, which are gobbling up smaller troubled institutions at an accelerating pace.
December 2 -
The extra $70 million for the auto lender is a small figure, but the announcement stirred questions about how much more TD will pay and whether it has been forthright about the acquisition.
December 1





