M&A
M&A
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CIBC’s CEO vows to stay “disciplined” in his bid to buy PrivateBancorp, even as some of the Chicago bank’s investors say the deal is insufficient. The head of RBC, meanwhile, said it will pursue organic growth instead of acquisitions, at least for a while.
February 24 -
Some advisers are urging acquirers to strike while they have strong currencies, while others are warning about the risk of overpaying. Sellers, meanwhile, must be wary of a correction after months of surging prices.
February 24 -
PenFed will acquire Augusta Metro CU via merger, marking four mergers for the giant institution since the start of 2017.
February 24 -
Canada's largest lender reported double-digit profit growth in its latest quarter in part because of CEO David McKay's focus on expanding in private wealth and commercial banking in the U.S.
February 24 -
No matter the regulatory environment, small and medium-sized CUs must at least consider the benefits of merging with larger institutions and be ready to do so should the opportunity arise.
February 23 -
The prepaid card issuer has been striving to overcome the setback it suffered from the discontinuation of a popular product in 2015.
February 22 -
The move will more than double the size of Eldorado's branch network, while allowing MidCountry to exit the market.
February 22 -
Tiny $17 million Touchstone Federal Credit Union has two branches and 2,291 members, and will merge into a credit union with more than $1 billion in assets.
February 22 -
Columbia Banking's CEO, who died unexpectedly on Sunday, was a thoughtful and tenacious leader who leaves a legacy of turning a small Washington bank into a regional power in the Pacific Northwest.
February 21 -
How to keep score in the industry and identify the truly victorious banks has never been tougher.
February 21 -
West Town will pay $24.6 million in cash and stock for Sound Banking. The deal will close later this year.
February 17 -
The deal comes months after First Merchants bought a minority stake in Independent Alliance.
February 17 -
The deal with American Homestead Mortgage will allow Wintrust Mortgage to move into northern Montana.
February 16 -
Texas Trust and Qualtrust CUs have announced their intention to merge under the Texas Trust banner.
February 15 -
CapGen, once a vocal critic of management, will cut its holdings to as little as 3% of shares outstanding.
February 15 -
Stocks of big banks have now largely recovered from their financial crisis lows; the big Japanese tech and telecom company plans to buy the $70 billion asset manager.
February 15 -
The bank and one of its investors are planning a sale of common stock that could help fund growth initiatives.
February 14 -
Not every bank could simultaneously make and entertain acquisition offers like Pacific Continental did, but its story highlights hard questions facing financial institutions in a consolidating industry.
February 14 -
Progress will pay $42 million to expand in Birmingham, Ala., adding branches in a market where it hired a lending team last year.
February 14 -
The bank has shifted Chief Operating Officer Finn Caspersen Jr. to chief strategic officer and hired Robert Plante to succeed him as COO.
February 14
















