M&A
M&A
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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.
September 14 - Virginia
Old Dominion National Bank in McLean, Va., has raised $20 million through a private stock offering.
September 14 -
For First Foundation, the government-backed program should help address a recent CRA exam's criticism that it has "poor penetration among businesses of different revenue sizes."
September 14 -
Huntington Bancshares in Columbus, Ohio, is wasting no time capitalizing on its purchase of FirstMerit in Akron, Ohio.
September 14 -
PNC Financial Services Group wants to sell its stake in BlackRock, the world's largest asset manager, a deal that could fetch about $12 billion.
September 14 - California
Provident Financial Holdings in Riverside, Calif., has restated earnings from its most-recent quarter after it booked higher loan-origination costs.
September 14 -
Community Savings in Caldwell, Ohio, has begun the process to convert from a mutual thrift to a stockholder-owned company.
September 14 -
Wells Fargo has, at least temporarily, lost its title as the world's most valuable bank to JPMorgan Chase.
September 14 -
M&A activity has slowed this year, and D. Bryan Jordan, chairman and chief executive of First Horizon National in Memphis, Tenn., doesn't see that changing anytime soon.
September 13 -
Under pressure from regulators and investors, banks that tout their sales cultures may have no choice but to follow Wells' lead and stop rewarding branch employees for hitting sales targets.
September 13







