M&A
M&A
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HomeTrust Bancshares in Asheville, N.C., is beefing up in Tennessee with a deal to acquire TriSummit Bancorp in Kingsport.
September 21 -
OFG Bancorp in San Juan, Puerto Rico, has sold its bank's participation in a line of credit to the Puerto Rico Electric Power Authority, or PREPA.
September 20 -
The activist investor is irate that the company's board will not meet to discuss concerns it has over executive compensation and corporate governance.
September 20 - Missouri
The Bancorp in Wilmington, Del., has agreed to sell a portfolio of health savings accounts to UMB Financial in Kansas City, Mo. The portfolio has about 40,000 accounts with $76 million in deposits and investment assets.
September 20 -
Amalgamated Bank in New York has pledged to take operational steps to address global warming.
September 20 -
First Internet Bancorp in Fishers, Ind., said a chargeoff tied to a commercial and industrial loan will hurt its third-quarter results.
September 19 -
The Bancorp is keeping its cards close to its vest when it comes to job cuts it made last week. The move is leaving analysts guessing as to exactly how many people and what types of positions were cut.
September 19 -
Bankers may have a reputation for being old-school, but their rapidly growing digital-ad budgets are in step with the rest of the business world. Banks can both gather valuable demographic data from who clicks on their ads and better measure returns on their investments.
September 19 -
The $2 billion-asset holding company disclosed in a regulatory filing that its Xenith Bank reached an agreement Friday with Gateway Bank Mortgage in Wilmington, N.C., to sell certain assets to Cornerstone Home Lending, a multistate lender based in Houston.
September 19 -
The $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%. The debt will mature in 2026.
September 16 -
Banks that are heavily involved in commercial real estate lending may shy away from buying institutions with similar concentrations.
September 16 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
September 16 -
Unity Bancorp in Clinton, N.J., has registered to sell up to $50 million in securities over time.
September 16 -
Andy Cecere is widely viewed as the successor to Richard Davis as chief of the Minneapolis bank Davis has repeatedly backed him in public forums but Cecere may get several years to prepare for the daunting growth challenges facing banking's next generation of leaders.
September 15 -
The $5 billion-asset company said in a press release Thursday that due to market demand it increased the principal amount of the fixed-to-floating subordinated notes from $75 million to $100 million.
September 15 -
Nicolet Bankshares in Green Bay, Wis., plans to close six branches later this year following its acquisition of Baylake in Sturgeon Bay.
September 15 -
F.N.B. Corp. in Pittsburgh has selected more executives from Yadkin Financial in Raleigh, N.C., to take on leadership roles for its new markets in the Carolinas.
September 15 -
The scorcher at Wells is giving some community bankers an opening to differentiate themselves from larger institutions that seem fee-dependent or "too big to manage."
September 15 -
BB&T in Winston-Salem, N.C., has terminated its loss-share agreement with the Federal Deposit Insurance Corp. tied to the 2009 failure of Colonial Bank.
September 15 -
PNC Financial Services Group plans to increase consumer lending with its current tilt toward commercial loans generating lower overall loan yields.
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