M&A
M&A
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The inconsistency between what millennials say on surveys and their actual behavior should make bank marketers skeptical about building programs around such research.
September 1 -
United Roosevelt Savings Bank in Carteret, N.J., has agreed to buy Wawel Financial Services in Garfield, N.J.
September 1 -
The suggestion that any area has too many local institutions dismisses the importance of community banks and overlooks the dangerous effects of consolidation.
September 1 -
John A. Kanas will step aside as president and chief executive of BankUnited on Jan. 1, the Miami Lakes, Fla., company announced in a press release Wednesday.
August 31 -
Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.
August 31 -
A breakdown in internal controls at Bank of Princeton almost killed a deal to sell the company to Investors Bancorp.
August 31 -
The challenges of running a business become exponentially greater when managers seem to be spending more and more of their time finding and training new team members than in actually executing strategy.
August 31 - Alabama
National Commerce in Birmingham, Ala., has agreed to buy Private Bancshares in Atlanta.
August 31 -
General Electric named new heads for its finance and M&A operations as the company prepares for life as a more-focused industrial manufacturer.
August 30 -
As banks start giving work formerly done by humans to artificial intelligence programs, questions about legal and ethical implications arise. The time to impose values on, and set limits for, the technology is now.
August 30 - Pennsylvania
Standard Financial Corp. in Monroeville, Pa., has agreed to buy Allegheny Valley Bancorp in Pittsburgh for $56.5 million.
August 30 -
CapStar Financial Holdings in Nashville, Tenn., whose board includes a top Credit Suisse executive, has filed plans to raise up to $46 million in an initial public offering.
August 29 - North Carolina
Park Sterling in Charlotte, N.C., has negotiated an early termination of loss-share agreements with the Federal Deposit Insurance Corp. for about $15.5 million in assets.
August 29 -
First NBCs annual report disclosed a full-year loss, lower capital levels and a spike in nonperforming loans, leaving outsiders to ponder how long it will take for the company to get back on track.
August 29 -
Metropolitan Bank Holding Corp. in New York has raised $34.4 million through a stock offering.
August 29 -
U.S. acquisitions have buoyed profits at Canadas biggest banks, whose domestic economy is sluggish and possibly on the verge of a housing crisis. The banks are expected to pursue more M&A in the U.S. if that problem persists.
August 26 -
F.N.B. in Pittsburgh plans to retain some Yadkin Financial executives and assign them to key roles after it closes its purchase of the North Carolina bank.
August 26 -
Family Security Credit Union, a $580-million institution based in Decatur, Ala., said it has entered into a definitive agreement to purchase substantially all of the assets and assume the deposits of the privately held Bank of Pine Hill, based in Pine Hill, Ala.
August 26 -
Nat Hoopes, executive director of a trade group that represents the chief executives of Wall Street banks, is making the jump to fintech.
August 25 -
Many lenders are still reluctant to give mortgages to borrowers with less-than-pristine credit, yet such loans are far more likely than prime jumbo loans to be bundled into collateral bonds. Sreeni Prabhu of Angel Oak Capital credits banks' behavior and higher interest rates for that reality.
August 25






