M&A
M&A
-
The Treasury and the banking industry would like nothing better than to see more credit unions convert to taxpaying banks. This is hardly going to happen if CUs perceive the OCC as an inhospitable regulator of their mutual form.
November 16 -
NBT Bancorp Inc. in Norwich, N.Y., said late Wednesday that it will acquire Hampshire First Bank in Manchester, N.H.
November 16 -
U.S. banks may get to spend some excess cash on loans or lines of business that European banks will seek to dump. Still, a cloud hangs over the outlook for bank M&A next year.
November 16 -
Charles Schwab Corp. has finalized its purchase of Compliance11 Inc., a Chicago firm that helps securities and investment firms manage their compliance with regulations.
November 16 -
A pair of healthy banks destined to be partners are nearing deadline as investors anxiously wait.
November 16 -
TD Bank says it will add 1,600 jobs in South Carolina in the next three to five years as it builds a regional hub there.
November 16 -
The name of Visa Inc.'s digital wallet understates its ambition for the service. That may turn out to be a smart branding move.
November 16 -
Cheviot Financial in Cheviot, Ohio, said Tuesday that it had received regulatory approval for a stock offering tied to its mutual holding company's proposed mutual-to-stock conversion.
November 16 -
NBH Holdings Corp. in Boston is the latest bank roll-up group to file for an initial public offering so that its stock can be traded on the open markets.
November 15 -
Skip Hageboeck, CEO of City Holding Co., has a clear idea where he wants to go (the I-81 corridor that runs through Virginia) and where he doesn't (the District of Columbia). His pace is slow, one deal every six years, but he's fine with that.
November 15 -
The company's post-BankAtlantic strategy became clearer this week. It is buying a Florida company that serves the vacation and retirement crowd.
November 15 -
Hanmi Financial said it is planning to sell 87.5 million common stock shares at 80 cents a share, using a "substantial portion" of the funds to provide capital to its banking unit and to support growth.
November 15 -
-
State Bank Financial Corp. in Atlanta reported that its third-quarter earnings nearly doubled from a quarter earlier, to $17.1 million, due largely to higher accretion on loans covered by loss-share agreements with the Federal Deposit Insurance Corp.
November 14 -
The City Holding (W.Va.) deal for Virginia Savings was eye-catching for its simplicity, but deals between healthy banks will remain the exception for now.
November 14 -
More banks have sold problem assets to private-equity groups this year, while others unloaded their banks in hopes of unlocking the value in nonperforming assets. Some believe selling bad loans to nonbanks could shore up valuations by removing the challenges of regulatory oversight.
November 14 -
There's no "social mandate from heaven to make automobiles affordable for all," says columnist Andrew Kahr. Yet subprime auto has come out of the crisis unscathed. Unlike mortgage lenders, auto financiers didn't fall prey to the assumption that prices would inexorably rise.
November 14 -
VeriFone took another step in its quest to break free of the constraints of the aging plastic card. The payment terminal company's deal to buy Point, is as much about boosting its technology as boosting its customer relationships.
November 14 -
City Holding, one of the largest banking companies based in West Virginia, has agreed to acquire Virginia Savings Bancorp for about $13.4 million, giving it an entrée into Virginia.
November 14 -
Bank of America Corp. agreed to sell about 10.4 billion shares of China Construction Bank Corp. to a group of investors in a deal expected to generate an after-tax gain of $1.8 billion.
November 14




