M&A
M&A
- West Virginia
United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer.
August 23 -
Southern First Bank in Greenville, S.C., and Five Star Bank in Warsaw, N.Y., are entering new markets.
August 23 - Georgia
The latest lending figures show just how prodigious banks' shift from construction to C&I loans has been since the crisis. Yet a hard look at C&I credits, especially their loss rates, raises questions about whether they are safer.
August 23 -
Artificial intelligence has gotten good enough to do some of the more mundane tasks people perform at banks every day. Whether the trend will kill certain job categories entirely or make a lot of dull work more interesting, or both, is an open debate.
August 23 -
The Windy City is littered with small, privately held banks, some of which are looking to sell. Here is an overview of the challenges and possible solutions faced by those banks and ones like them in clogged banking markets around the country.
August 22 - Tennessee
The holding company for Tennessee's FirstBank plans to hold an initial public offering, in order to make more than $65 million in distributions and debt repayments to its chairman.
August 22 - California
The Bancorp in Wilmington, Del., disclosed the identities of directors nominated to its board by two investor groups.
August 22 -
The first commercial mortgage-backed security to comply with "skin in the game" requirements was extremely well received. Market participants credit the way the large banks sponsoring the deal retained the risk a strategy unavailable to nonbank lenders.
August 19 -
Synovus Financial in Columbus, Ga., has agreed to buy Entaire Global Companies in Atlanta.
August 18 -
The regional bank has consolidated all of its digital operations under a single leader. Find out what he thinks about customer expectations, bots, fintechs and the coming convergence of digital banking.
August 18 -
Citizens Community Bancorp in Eau Claire, Wis., said it plans to close four branches in Walmart stores in mid-November.
August 18 -
People hold up blockchain as the answer to many security issues, including Swift-related hacks and card-not-present fraud. But distributed ledgers have vulnerabilities, too.
August 18 - Arkansas
Allied Bank in Mulberry, Ark., has been ordered to immediately raise capital or find a buyer to address its precarious capital position.
August 18 -
Banks in cities such as Seattle and New York are getting creative with branching, adding some that are smaller than modest apartments.
August 18 -
Pretty much every merger of insurers and banks since the Citi-Travelers deal has come undone, but today's conditions support new-style marriages that make sense for shareholders and customers.
August 18 -
United Bankshares in Charleston, W.Va., has agreed to buy Cardinal Financial in Tysons Corner, Va.
August 18 -
The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts in money market funds are the driver, with the big question being how long the run will last.
August 17 -
Banks have found a novel way to fend off fintechs plans to take them down: they are funding it. A new report shows corporate venture capital investors, such as those backed by banks, made up nearly a third of funding in the second quarter.
August 17 -
LoanDepot, a Foothill Ranch, Calif.-based company that offers mortgages, home equity loans and personal loans, has raised $150 million in term debt financing.
August 17 -
The $185 million-asset bank said in a press release Tuesday that it is offering 800,000 shares of its common stock at a price of $7.50 each.
August 17










