M&A
M&A
-
Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.
August 13 -
The Michigan company will pay $68 million to expand in a high-priority market.
August 13 -
Bank shares are down more than 9% this month; the Fed has never imposed the countercyclical capital buffer before.
August 13 -
CIT Group will gain nearly $7 billion in low-cost deposits, mostly tied to homeowners associations, as part of the acquisition.
August 13 -
Andigo CU said it would merge into Consumers CU, creating the fifth-largest credit union in Illinois.
August 12 -
The companies said the merger will provide scale and help them update technology more efficiently.
August 12 -
The London-based retail foreign exchange firm ChangeGroup has acquired the retail branch arm of the Swedish finance group SVEA Ekonomi to serve consumers who continue to demand cash payments.
August 12 -
The U.K.’s Equals Group’s FairFX currency unit has purchased Hermex FX, another U.K. firm serving corporate customers with currency exchange and payment services.
August 9 -
The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions.
August 9 -
Ancora Advisors also suggested that the company get rid of its current management team.
August 9 -
The bank will buy First State Bank of Mobeetie.
August 9 -
The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.
August 9 -
The company will pay $13 million for the parent of Western Bank of Wolf Point.
August 9 -
Groups seeking to open a new institution will submit preliminary information for review by the National Credit Union Administration.
August 9 -
Palmer Proctor, who took over at Ameris after it bought Fidelity Southern, where he was also CEO, says more deals would be a "distraction."
August 8 -
The South Dakota company discovered "inappropriate user access" to applications at Crestmark Bancorp, which it bought last year.
August 8 -
The card company is buying the corporate-services businesses of Danish payments provider Nets A/S; the online lender’s stock plunged after it missed second quarter earnings expectations.
August 7 -
Consolidation heated up in recent weeks after a tepid start this year. Here is an overview of noteworthy deals announced in June and July.
August 6 -
The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.
August 6 -
The Los Angeles unit of Royal Bank of Canada plans to use FilmTrack to handle more complex transactions for major networks, studios and distributors.
August 6


















