M&A
M&A
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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 -
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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 - PSO content
NCO Group, a Horsham, Pa.-based accounts receivable management company, reported Monday a 4% revenue increase to $304 million for the third quarter ended Sept. 30.
November 14 -
VeriFone said Monday that it is buying the Northern European payment and gateway services provider Point to fuel its support of alternative payment forms.
November 14 -
Capitol Bancorp Ltd.'s credit costs are shrinking, but its capital hole is only getting deeper. The $2.5 billion-asset company, which has dual headquarters in Phoenix and Lansing, Mich., reported on Thursday a loss of $22.8 million for the third quarter, a 56% improvement from the loss it reported a year earlier.
November 11 -
First Niagara has to solve the riddle of how to pay for HSBC's branches in New York and Connecticut without hurting shareholders, selling off too many assets or mistiming the helter-skelter stock markets.
November 11 -
Hampton Roads Bankshares Inc. in Norfolk, Va., has completed the sale of a Gateway Bank branch to Blue Ridge Bankshares Inc. in Luray, Va.
November 11 -
Bank of America Corp.'s Mark Ellman is retiring next month after almost three decades advising insurers and other financial firms on capital-raising and mergers.
November 11 -
The protracted auction of EMI Group neared a conclusion Friday, with Citigroup Inc., owner of the storied British music company, selecting buyers for its publishing arm and recorded-music label - at a price that well exceeds many industry watchers' expectations.
November 11 -
Barclays Bank PLC has completed the spin out of its private equity arm. In a management buyout, Equistone Partners Europe, has acquired the management company of Barclays Private Equity from the U.K. bank's investment banking arm Barclays Capital.
November 11



