M&A
M&A
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The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets.
November 18 -
Earnings hit could be avoided if BB&T and SunTrust complete deal by 2020; Fannie and Freddie will likely exit conservatorship by 2024, Calabria says; tired of paying 'ransom' to core vendors, two small banks fund new one; and more from this week's most-read stories.
November 15 -
More banks in the state are considering acquisitions to cut costs and combat margin pressure.
November 15 -
If regional banks really want to compete against behemoths and nonbank entrants they need to emphasize products over M&A.
November 15 -
Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more.
November 14 -
First Bank of Berne has agreed to acquire Adams County Credit Union, turning the tables in a year in which 14 credit unions have announced deals to buy banks.
November 14 -
EML has agreed to pay £226 million (US$290 million) to acquire Prepaid Financial Services, one of Europe’s largest e-money issuers.
November 13 -
Over the past several years, well-established companies in the space like Klarna and FIS have become big enough to buy competitors, fueling the majority of the M&A we’ve seen of late, says AvidXchange's Michael Praeger.
November 13 -
The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices.
November 12 -
The Pennsylvania company gained $67 million in assets under management as part of the acquisition.
November 12 -
Dealmaking through early November is slightly ahead of last year's clip thanks to a recent flurry of merger announcements. However, excluding BB&T-SunTrust, values and multiples are shrinking.
November 11 -
Community bank leaders at an ABA-hosted meeting questioned the timing for a new accounting standard for loan losses and discussed their struggles to keep pace with new technology.
November 11 -
Completing the deal before the new year would let the merged company avoid an earnings hit in complying with the Current Expected Credit Loss accounting standard and give it more flexibility on capital adjustments.
November 8 -
First Horizon, Iberiabank in year's second-biggest bank merger; bank failure in New Jersey is nation's third in a week; smaller banks take a turn swinging the ax; and more from this week's most-read stories.
November 8 -
Chesterfield's proposed merger into Virginia Credit Union is expected to be completed in early 2020.
November 8 -
BB&T and SunTrust had to sell the branches to get Justice Department approval of their merger, a key step toward closing the deal.
November 8 -
The veteran banker succeeded Randy Sims, who recently retired. Sims had been the Arkansas company's CEO since replacing Allison in 2009.
November 7 -
If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers’ asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.
November 7 -
Clear communication is critical when banks undergo a leadership or operational change.
November 7 -
The Maryland company agreed to acquire Rembert Pendleton Jackson, which has $1.3 billion in assets under management.
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