M&A
M&A
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While CUs welcome the changes to the appeals process, the merger transparency rule is sure to raise a few eyebrows.
May 25 -
Anchor Bancorp in Laney, Wash., lowered its expectations in the face of impatient investors and buyers’ concerns about antitrust, credit quality and other issues.
May 25 -
West Denver Community CU will be absorbed by Denver Community Credit Union, following losses totaling approximately $20,000 in 2015 and 2016.
May 25 -
Royal Bank of Canada got an earnings boost from its U.S. capital markets business and its ownership of City National Bank in Los Angeles, helping to offset softer growth at home.
May 25 -
The $3.2 billion-asset company is making a bigger push into northern Indiana with its agreement to buy Lafayette Community Bancorp.
May 24 -
Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process would take too long.
May 23 -
The Tennessee bank has agreed to pay nearly $85 million for Capstone Bancshares in Alabama.
May 23 -
Union Bankshares is poised to become a nearly $12 billion-asset bank in a state that lost most of its midsize institutions in the 1990s and early 2000s.
May 22 -
The merger is expected to be completed by year-end, and the combined institution will have assets of more than $1.2 billion, serving more than 105,000 members.
May 22 -
The company agreed to buy Commerce Bancshares, which has three branches in Boston.
May 22 -
The $701 million acquisition will make Union the biggest community bank based in Virginia.
May 22 -
Post-merger, the Long Island-based Bethpage will have assets of about $7.4 billion.
May 19 -
Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more.
May 19 -
The Trump administration must weigh risks to national security in its review of the $1.2 billion deal. Its decision will shed light on whether — given the president’s “America First” rhetoric — Chinese investment is still welcome in the U.S. financial services sector.
May 18 -
The bank, based on the east coast of Florida, is bulking up on the Gulf. It has agreed to buy NorthStar Bank in Tampa a month after buying another bank in the same city.
May 18 -
In March 1998, American Banker reported plans by Norwest Corp. to establish sales quotas and step up cross-selling. Three months later, the Minneapolis bank announced a merger with Wells Fargo.
May 18 -
Attractive demographics, a large supply of startups that appeared built to sell and a surplus of smaller banks struggling with high expenses have combined to make the Mid-Atlantic one of the most active regions for mergers and acquisitions.
May 17 -
Banks and nonbanks are typically foes, but banks made 34 nonbank M&A deals through mid-May, emerging as buyers in two-thirds of them. Many buyers are eager to pad fee income by adding investment, specialty finance or insurance firms; sellers are typically looking to cut costs. Here is a roundup of such deals this year.
May 17 -
In an extensive interview, Philadelphia Fed President Patrick Harker talks about the challenges facing community banks, the biggest threat to the financial system and the possibility of interest rate hikes later this year.
May 16 -
MoneyGram’s stockholders have voted to approve a deal to be purchased by China’s Ant Financial for $1.2 billion.
May 16




















