M&A
M&A
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Global Payments hopes to strengthen its position among restaurant merchant acquirers by paying $415 million in cash for food services and software company Sicom Systems.
September 28 -
Hanmi Financial wants SWNB in Houston to pay a termination fee, citing "material breaches" of covenants tied to their now-defunct merger agreement.
September 27 -
The Alabama-based credit union will gain three locations, along with $138 million in loans, as part of a deal with Georgia-based Synovus Financial.
September 27 -
Jefferson Financial Federal Credit Union will gain three locations, along with $138 million in loans, as part of the transaction.
September 26 -
Western Union plans to begin soliciting potential suitors within weeks. No decision has been made and Western Union may decide to keep the business.
September 26 -
The merger, recently approved by Denali's membership, will create a $2.2 billion-asset credit union with dozens of branches across five Western states.
September 25 -
Fiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.
September 25 -
The Kansas company has agreed to buy three offices from MidFirst Bank.
September 24 -
The youngest member of Goldman Sachs' management committee spent two decades climbing to the top of a male-dominated field — and took on some very tough assignments along the way.
September 23 -
Sound Credit Union in Tacoma, Wash., has agreed to buy Bank of Washington in Lynnewood.
September 21 -
The resulting institution will hold more than $1.6 billion in assets and serve nealry 50,000 members.
September 21 -
While credit unions are increasingly gobbling up community banks, this deal is the first of its kind in Washington State.
September 21 -
The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts.
September 20 -
Seven other banks passed on a chance to bid on FCB Financial, perhaps showing the small pool of large buyers eager to make a big commitment to the Sunshine State.
September 20 -
The company said the move should address investor concerns about potential margin compression, slower loan growth and an economic slowdown.
September 20 -
Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010.
September 19 -
The New York company said Wednesday that the new group will provide loans and other services to early-stage, consumer-focused companies.
September 19 -
Senior managers at selling banks often get big payouts and move on. But some decide (or are allowed) to stay and can make major contributions. Here are examples of execs who famously became difference makers after sticking around, or of keepers from recent deals who could have a big impact.
September 18 -
Bennett Bradley, BB&T's chief digital officer, discusses how an investment in Enigma, which helps companies leverage data, fits within the regional bank's fintech strategy.
September 18 -
A sluggish business climate and few M&A opportunities freed up midsize banks to invest in better tech systems and services, says Regions Chairman Grayson Hall.
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