M&A
M&A
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PacWest reversed a valuation allowance on tax credits, which helped boost third-quarter earnings. PacWest also expects its deal for CU Bancorp to close this week.
October 17 -
Third-quarter profits at the Georgia bank rose 52% thanks to doubled-digit growth in consumer lending and the sale of credit card assets it had obtained from the retailer Cabela's.
October 17 -
Howard Bancorp CEO Mary Ann Scully was so keen on buying 1st Mariner that she met with a representative of one of the Baltimore company's three largest shareholders before meeting with management, and she kept talking with them. It worked.
October 16 -
Vantiv's $11.6 billion acquisition of U.K.-based Worldpay Group in August was the largest transaction in the financial technology and information sector during the third quarter of 2017, according to the latest report from investment bank Berkery Noyes.
October 13 -
The company agreed to buy Commercial Bancshares for $59 million in stock.
October 13 -
The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders.
October 11 -
The Tupelo, Miss., company has recouped its “satisfactory” community reinvestment rating, removing a regulatory obstacle to two pending acquisitions.
October 11 -
Business First will raise $66 million through a stock placement to help fund the deal.
October 6 -
The $30 million acquisition has hit a snag over problems with Franklin’s commercial real estate portfolio.
October 6 -
The Ohio company's CRA rating took a hit after it inadvertently overcharged some customers.
October 6 -
The merger of Honor and Post Community Credit Unions will serve more than 75,000 mmebers across Michigan.
October 5 -
ADP has purchased Global Cash Card, provider of electronic payments services, to consolidate operations in the payroll card industry.
October 5 -
Small-business credit is poised for a shakeout. In the coming months, partnerships between banks and fintechs will increase, and credit models will be refined.
October 5 -
The company will pay $66 million for the parent of BloomBank.
October 5 -
As payments industry companies increasingly are characterized by strategic and often brash moves in a fast-changing ecosystem, the stakes have risen for selecting their leaders.
October 5 -
George Sutton, now an attorney in Salt Lake City, will sit on several Glacier Bancorp committees, including audit and compliance.
October 4 -
Hanscom will receive 2,000 new members and an additional $17 million in assets.
October 4 -
Vocal's newest branch will be the only credit union branch for more than 110 miles.
October 4 -
The smaller credit union’s two branches have been integrated into Greater Nevada’s now 14-branch network.
October 3 -
The merger will create a bank with 13 branches and roughly $950 million in assets.
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