M&A
M&A
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Integra Bank in Evansville, Ind., was closed by the Office of the Comptroller of the Currency, after fighting to survive for nearly two years.
July 29 -
After ripping off 11 straight quarters of losses, the Blairsville, Ga., company reported a second-period profit last week. That turned heads.
July 29 -
SCBT Financial Corp. in Columbia, S.C., which bought a failed bank and raised capital in February, on Friday posted its best quarterly results in two years.
July 29 -
Integration of rare find in Texas could be done by yearend, and Comerica will be "regimented" about future expansion, Babb says.
July 28 -
Market evolution in recent decades has made it harder and harder for smaller institutions to access capital. Meanwhile, regulatory restrictions impede alternatives that could fill the void.
July 28 -
The pressure is on Comerica CEO Ralph Babb to prove the deal, which closed Thursday, was worth it. American Banker offers him some free talking points.
July 28 -
Bolstered by its acquisitions of two failed banks, Columbia Banking System Inc. in Tacoma, Wash., said Thursday that it earned $8.6 million in the second-quarter, an increase of 119% from the same period last year.
July 28 -
Tennessee Commerce Bancorp has come up with a novel solution for settling a past-due loan made to another bank holding company: forgive the loan and take control of the borrower's two subsidiary banks.
July 28 -
Eagle Bancorp Inc. in Bethesda, Md., has agreed to acquire Alliance Bankshares Corp. in Chantilly, Va.
July 27 -
Don Adam’s American Momentum shifts from building to buying in Sunshine State.
July 27 -
PNC's purchase of two dozen Flagstar branches in Atlanta illustrates how the market for asset divestitures may be thawing as whole-bank transactions remain frozen.
July 27 -
United Federal Credit Union in St. Joseph, Mich., has agreed to buy Griffith Savings Bank.
July 27 -
UMB Financial Corp. in Kansas City, Mo., reported earnings of $26.3 million, up 14.4%, as credit costs fell and noninterest income jumped.
July 27 -
FirstAtlantic Bank said Wednesday that it had agreed to buy CenterBank in a deal that will combine two Jacksonville, Fla., banks.
July 27 -
Security Savings Bank in Southport, N.C., said that it has hired an Atlanta firm to help it explore strategic option, including a possible sale.
July 27 -
Jim Grant discusses public policy and industry consolidation.
July 27 - PSO content
Credit Suisse is expected to cut between 1,500 and 2,000 jobs, a Swiss paper reported, without naming sources. The official announcement is expected yet this week, when Credit Suisse posts its next quarterly results, according to The Neue Zuercher Zeitung (NZZ).
July 27 -
Royal Bank of Canada may spend as much as C$1 billion ($1.06 billion) to buy asset managers outside Canada as the country’s largest lender seeks to triple profit from wealth management in the next four years.
July 26 -
After striking two deals around Kansas City, Mo., last year, Laney, the Boston-based president and chief executive of NBH Holdings Corp., has moved on to Colorado, buying the $1 billion-asset Bank of Choice in Greeley on Friday in a deal with the Federal Deposit Insurance Corp.
July 26 -
Flagstar Bancorp Inc. in Troy, Mich. is exiting the Atlanta market to focus on its core banking business in the Midwest and problems and its expansion into the Northeast.
July 26







