M&A
M&A
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ECB Bancorp is set to receive nearly $80 million in capital by mid-November. The $942 million-asset company is laying out a three-pronged strategy of acquisitions, de novo branch expansion and organic growth to get to $3 billion to $5 billion in the next few years.
September 28 -
Jefferson Bancshares Inc. of Morristown, Tenn., restated its last quarter as a loss after its take on bad investments and loans worsened.
September 28 -
Cascade Bancorp in Bend, Ore., has agreed to sell about $108 million of loans, generating $58 million in proceeds in an effort to remain well capitalized.
September 28 -
Private equity investor Christopher Flowers quibbled with some facts in "Too Big to Fail" but not its choice of actor to portray him.
September 28 -
ACI Worldwide has extended its exchange offer for shares of S1 until Oct. 31. The offer, which has a blended value of $9.44 per share, was set to expire Sept. 28.
September 28 -
The acquisition of ISU Stetson-Beemer was Wells' fifth deal for an insurance firm since last fall.
September 28 -
U.K. entrepreneur Hugh Osmond's Sun Capital Partners remains interested in buying the retail branch network being sold by Lloyds Banking Group, but outstanding issues with the business still need to be resolved, a person familiar with the situation said Wednesday.
September 28 -
F&M Bancorporation Inc. in Tulsa, Okla., has raised $78 million in capital that it plans to use for expansion in Oklahoma and Texas.
September 28 -
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When the two workforce optimization vendors combine, banks' choices for software to manage tellers, call center reps and back-office employees will narrow.
September 27 -
Even when the overseas problem gets fixed, capital rules and other uncertainties will have to be resolved before deals really get rolling.
September 27 -
In a Q&A during a FIG Partners banking conference, Jack Wagner discussed growth opportunities. M&A will likely come from traditional deals rather than failed bank acquisitions. He is also keeping an eye on costs should the economy remain stalled.
September 27 -
At its second hearing on the deal, Capital One said its merger with ING's online bank unit was the safest option for the system.
September 27 -
Bankers have reacted well to acting FDIC chief Gruenberg's first speech since taking helm of the agency, but say actions will speak louder than words.
September 27 - PSO content
Debt buyer Encore Capital Group Inc. based in San Diego, has promoted Gregory L. Call to Senior Vice President, General Counsel and Corporate Secretary.
September 27 -
Deals are a beacon for hackers, who can exploit deficiencies in the systems of merging banks, their vendors or their advisors during negotiations or the integration.
September 27 -
Striking its second deal in less than a week, BB&T Corp.'s insurance unit announced Tuesday that it is expanding into the Baltimore/Washington metropolitan market by acquiring Atlantic Risk Management Corp. of Columbia, Md.
September 27 -
UBS AG remains committed to its U.S. brokerage business, Chairman Kaspar Villiger and Acting Chief Executive Sergio Ermotti told staff, according to an internal memo seen by Dow Jones Newswires on Monday.
September 26 -
Ambitious Opus Bank announced Monday that it has signed lease agreements to open five new branches in California and Washington.
September 26 -
Two private-equity groups have agreed to invest a combined $100 million in a union-owned, New York bank that intends to use the proceeds to beef up its lending.
September 26




