M&A
M&A
-
The $141 billion-asset company said in a press release Wednesday that it had appointed four managing directors to oversee designated regions for the lending group.
October 6 - Florida
Bank of Commerce in Sarasota, Fla., will change hands following a bankruptcy auction.
October 6 -
Large banks aren't the only financial institutions producing up-and-coming executives. Five executives on American Banker's list of Women to Watch hold key positions at banks with less than $30 billion in assets.
October 6 - Vermont
Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy the assets and certain liabilities of a wealth management firm in Vermont.
October 6 - Massachusetts
Salem Five Bancorp has agreed to buy Georgetown Bancorp in a deal that will combine two Massachusetts banks.
October 6 -
Banks must work to attract a diverse workforce through recruiting efforts, and to close the retention gap that sees institutions lose a higher percentage of women leaders compared to those who are men.
October 6 -
The $20 billion-asset Iberiabank said in a press release Wednesday that it invested $1.5 million for a less than 5% stake in Liberty Financial Services in New Orleans.
October 5 -
Popular Inc. in San Juan, Puerto Rico, will take a $55 million hit to third-quarter earnings after its bank lost an arbitration battle with the Federal Deposit Insurance Corp.
October 5 -
Dollar Bank in Pittsburgh ended a 32-year break from acquisitions earlier this year. It didnt take nearly that long for the $7.4 billion-asset mutual to announce its next deal.
October 5 -
Wells Fargo has been knocked off its pedestal, but it is imperative that the company move forward and put this episode behind it.
October 5 -
First Community Bancshares in Bluefield, Va., has sold four insurance offices.
October 5 -
The once-icy relationship between banks and fintechs thawed quite a bit in the last year. The next step might be for banks to start buying startups.
October 5 -
First Foundation in Irvine, Calif., has agreed to buy a pair of branches from Pacific Western Bank in Beverly Hills, Calif.
October 4 -
Medallion Bank in New York has sold its asset-based lending division to an unnamed buyer.
October 4 -
Banks continue to lay off operations workers and send their jobs to other countries with lower labor costs. They may feel they have no choice, but there are risks to consider.
October 4 -
Citigroup on Tuesday said it will invest $1 billion over the next four years to upgrade technology and provide a range of new services in its Mexican banking division.
October 4 -
The $21 billion-asset bank said Monday that it had hired John Gannon as group manager of Small Business Administration lending and Clyde Thompson as credit officer.
October 4 -
Capital One Financial plans to start issuing credit cards for the outdoor equipment chain Cabela's under a deal connected with the retailer's expected sale to Bass Pro Shops.
October 3 -
Midland States Bancorp in Effingham, Ill., has ended loss-share agreements related to two failed banks it acquired.
October 3 -
The $9.6 billion-asset company disclosed in a recent regulatory filing that it has a letter of intent to buy an unnamed banking company in Florida with about $400 million in assets.
October 3




