M&A
M&A
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The company, which counts veteran banker Jay Sidhu among its investors, is selling to Ameris for $145 million in cash and stock.
November 17 -
The deal for PayPal’s consumer loan portfolio will make Synchrony a bigger player in e-commerce. And the agreement helps the Silicon Valley payments giant achieve its goal of reducing its exposure to the credit cycle.
November 16 -
The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank.
November 16 -
Deutsche Bank and Commerzbank have held talks before, and now they have a common shareholder — the U.S. PE firm Cerberus — in a position to broker a deal.
November 16 -
Bank of McKenney rebranded itself as Touchstone Bank after its merger with CCB Bankshares.
November 15 -
Freeing a number of big banks from enhanced oversight, including capital requirements, could motivate CEOs to pursue deals. Still, other impediments could prevent a flood of large mergers.
November 14 -
The acquisition is expected to boost WesBanco’s presence in Huntington, W.Va., and provide a bridge to its existing operations in Charleston, W.Va., and southeastern Ohio.
November 14 -
The company will pay $53 million in cash and stock for Signature Bank.
November 14 -
The planned sale will also include $70 million of loans in southern California.
November 13 -
The company has reapplied to buy Civic Bank more than a year after a regulatory snag forced it to put the deal on ice.
November 13 -
Sterling Bancorp in New York is determined to turn Astoria Financial's largely residential operation into a commercial powerhouse. While investors are skeptical, CEO Jack Kopnisky has proven in the past that such an ambitious plan is doable.
November 13 -
HSBC Chairman Mark Tucker has met with shareholders and discussed takeovers of U.S. credit card businesses in his first month in office, the Sunday Times reported.
November 13 -
The deal has been approved by boards of both institutions and is expected to close by the middle of next year.
November 10 -
Pat Hickman, CEO of Happy State Bank, wants his institution to remain viable in the face of stifling regulation. As for selling? That'll happen over his dead body, he says.
November 9 -
Adding retirement accounts broadens the app's offerings to millennial clients.
November 8 -
The company has agreed to buy CBBC Bancorp. It also raised $63 million to pay for the deal and fund future growth.
November 8 -
USA Technologies, a provider of payments technology enabling card and mobile payments at vending machines in the U.S., is buying Cantaloupe Systems, which has its own line of vending machine payments solutions in the U.S. and other markets, for $85 million.
November 7 -
The company, which recently bought Sabadell United in Miami, is pledging to make billions of dollars in mortgages and small business loans in low- and moderate-income communities.
November 6 -
The two Georgia-based credit unions will complete the merger on Dec. 1 of this year.
November 6 -
Ira Robbins, the CEO-in-waiting at Valley National Bancorp, will have to complete a major acquisition, make the bank more competitive on returns and costs and tackle other difficult tasks after taking over for Gerald Lipkin.
November 3
















