M&A
M&A
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The Wilmington, Del., company has identified the 30 branches it plans to close or sell following its acquisition of Beneficial Bancorp in Philadelphia. Most of the closures will take place in Pennsylvania.
December 13 -
When Trinity Capital in New Mexico put itself up for sale last summer, it reached out to several local banks to gauge their interest. Then came a surprise offer from a suitor based a thousand miles away.
December 13 -
Morris State will pay $24 million for the parent of Farmers & Merchants Bank.
December 13 -
A consolidation of Germany's fragmented banking market is very much in the cards, following months of speculation.
December 13 -
Synovus has given CFO Kevin Blair the additional title of COO. He will oversee three business lines, plus tech, operations and product and treasury management.
December 12 -
The $180 million acquisition is the first for Berkshire since the sudden departure of CEO Michael Daly.
December 12 -
The $25.5 billion-asset company has also restructured its securities portfolio as part of a broader effort to reduce costs and improve profits.
December 12 -
Balances from the 52 branches Flagstar bought from Wells Fargo fell by 22% between the deal's announcement and closing, forcing the Michigan company to adjust the math for earning back tangible book value.
December 11 -
Associated will gain low-cost deposits and branches in 13 new markets after the deal closes.
December 11 -
Community 1st Credit Union now has roughly $150 million in assets and more than 12,000 members after absorbing Generations Credit Union.
December 10 -
The former head of Heritage Oaks Bancorp says she relishes a chance to reinvent Luther Burbank, a thrift that wants to make more commercial loans — a shift she has deftly orchestrated before.
December 10 -
Uniti Financial focuses on the Korean-American community through three offices around Los Angeles.
December 10 -
Blockchain backers concede the hype is turning off bankers; Mulvaney's CFPB name change could cost industry millions of dollars; the one banking bill Congress might actually pass next term; and more from this week's most-read stories.
December 7 -
The New Jersey company terminated an acquisition after being hit with the order in 2016.
December 7 -
The company has agreed to by $145 million for Bridgeview Bancorp.
December 7 -
Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.
December 6 -
At $3.3 billion in assets, the combined organization would be the second-largest CU in Washington state.
December 6 -
The Massachusetts bank has offered wealth management services in the state for several years.
December 6 -
This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.
December 6 -
Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.
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