M&A
M&A
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While most banks are shrinking their branch networks, the Cincinnati bank is approaching the day where its branch expansion in the Southeast will more than offset closings in its legacy markets, its CEO says.
January 22 -
The fintech community was both surprised and energized by recent news that Visa has agreed to acquire Plaid, one of the nation’s largest fintech platforms for financial data analytics.
January 22 -
For the second time in six months, Birmingham Bloomfield CU is absorbing another nearby credit union that will operate as "a part of" BBCU.
January 22 -
Eric Smith and Michael Morton have been brought on as vice chairs to help build out the Chicago bank's commercial lending arm.
January 22 -
The proposed merger will create a $10 billion-asset bank based in Nashville, Tenn.
January 21 -
The company will pay $29 million for Virginia Bank Bankshares.
January 21 -
For small regionals like Atlantic Union and F.N.B., the biggest opportunity to snag customers will come when the rebranding of BB&T and SunTrust branches begins next year.
January 21 -
Uber Technologies Inc. will sell Uber Eats in India to local rival Zomato in a $172 million deal, according to a person familiar with the transaction, underscoring the ride-hailing giant’s effort to cut back on loss-making operations.
January 21 -
Pushback from banks, a smaller pool of sellers and potential regulatory hurdles could pose setbacks for credit unions this year.
January 20 -
The Southeast banks expect to complete their merger by midyear, hit their savings targets and still be able to invest in growth, according to Bryan Jordan.
January 17 -
Following a 44% jump in the number of CU-bank acquisitions in 2019, some observers believe the volume could plateau this year.
January 17 -
The company will pay $24 million in cash for Central Federal Bancshares.
January 17 -
The Colorado Banking Board may be the first regulator to ever block a credit union-bank merger.
January 16 -
Colorado's State Banking Board voted 6-1 to stop Elevations Credit Union from buying Cache Bank & Trust. This is believed to be the first time regulators have blocked such a deal.
January 16 -
Plaid may be a more problematic acquisition than Visa made it out to be. But without Visa, those problems were likely to get a lot worse.
January 16 -
Executives at Beach Community want to pursue more acquisitions in central Florida.
January 16 -
The Massachusetts savings bank will gain branches in two communities as part of the acquisition.
January 16 -
The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence.
January 16 -
The Wyoming-based credit union will gain about $100 million in deposits as a result of the deal.
January 14 -
Blue Federal Credit Union in Wyoming will also gain about $100 million in deposits.
January 14
















