M&A
M&A
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The big payment processor/bank technology mergers that were announced early this year are officially closing, setting the stage for complicated conversions and a fierce battle for customer share.
September 18 -
Nearly a tenth of the industry’s deals this year were connected to the state, which boasts a good number of sought-after small banks.
September 18 -
The company will pay $42 million in cash for the parent of Main Street Bank in southeastern Michigan.
September 18 -
The company will pay $29 million for Cornerstone Financial Services.
September 18 -
The Tennessee company will gain access to the Bowling Green, Ky., market as part of the $52 million deal.
September 18 -
Travelex is rolling out a suite of B2B payment services through a new API-based platform and sandbox.
September 17 -
First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank.
September 17 -
First Commerce Credit Union's agreement to buy Citizens Bank is the 14th credit union-bank deal of the year.
September 17 -
The company agreed to buy Tennessee Community Bank Holdings, which has operations just west of Nashville.
September 16 -
A seller's assets and deposits lose some luster if the best and brightest who helped bring in the business leave after a deal closes.
September 16 -
The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland.
September 16 -
Geographic scale and low-cost funding are the foundation of a good deal, seasoned bank acquirers said in a panel discussion.
September 15 -
The Pittsburgh company is not interested in bank acquisitions, CEO Demchak says; why Citi, Wells, JPMorgan are seeing a spike in API calls; FHFA's Mark Calabria details next steps on GSE reform; and more from this week's most-read stories.
September 13 -
Members of Postal Employees of Troy, N.Y. Federal Credit Union approved the transaction earlier this week.
September 13 -
An increase in credit union acquisitions of banks has been a blow to the morale of many commercial bankers, and some of their trade organizations are trying to slow down the trend. There may be little they can do.
September 12 -
Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit.
September 12 -
First Community Bankshares will buy Highlands Bankshares for $91 million.
September 11 -
Academy Bank in Kansas City, Mo., which shuttered nearly a quarter of its branches between 2015 and 2018, is now in expansion mode. Its CEO explains his renewed affinity for brick and mortar.
September 11 -
The Pittsburgh company is sticking with its plan to grow through expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.
September 11 -
The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.
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