M&A
M&A
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Bangor will pay $35 million in cash to gain branches in five communities.
December 17 -
Wichita Falls Bancshares will gain four branches when it buys Chico Bancorp.
December 17 -
Howard Bancorp is planning a big push in CRE lending, first in its hometown of Baltimore and eventually in Washington.
December 17 -
Traditional acquirers are under severe pressure from the digital payments revolution, challenged to hold onto clients by stitching together legacy systems, existing hardware, mobile, cloud and apps. Those that can harness innovation and find the right startup partners can not only stave off elimination, but drive the next generation of multi-channel shopping and transaction revenue.
December 17 -
BNY Mellon said it plans to accelerate tech spending; a Wells Fargo exec warned banks against ignoring Gen Z customers; the CRA reform proposal was finally released; and more from this week's most-read stories.
December 13 -
Mike Mercer had planed to work as part of the combined League of Southeastern Credit Unions until a least 2023, but recently approached the league's board with an early retirement request.
December 13 -
In many ways, the payments industry resembles the health care business — pulled into the future by rapid digitization and conflict over the role of government.
December 13 -
The company will significantly boost its origination volume after buying 51% of BrandMortgage.
December 12 -
The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.
December 12 -
BB&T and SunTrust showed that big-bank mergers are still possible, but top executives at other large regional banks say that a knee-jerk response would be a mistake.
December 10 -
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.
December 10 -
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.
December 10 -
The company will gain branches in Northampton County as part of the $79 million deal.
December 10 -
B2B global payments provider Payoneer is acquiring German fintech Optile to expand its services to include consumer-to-business payments acceptance.
December 10 -
The Independent Bank-Texas Capital merger could prompt other banks in the state to consider selling or buying.
December 9 -
The sale comes just three years after the San Francisco bank bought the platform.
December 9 -
Absorbing Health Facilities FCU will deepen S.C. Federal's presence in the city of Florence.
December 9 -
The deal will create a bank with nearly $50 billion in assets.
December 9 -
Cost cutting and systems integrations are short-term priorities, but over time CEO Kelly King and his heir apparent, Bill Rogers, will have to exploit the combined BB&T-SunTrust's revenue potential and prove the biggest post-crisis merger was a good idea.
December 9 -
The company will merge Fidelity Savings and Loan and Washington Savings Bank into its own bank.
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