M&A
M&A
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The $58 million-asset company said in a press release Monday that Stephen Taylor, chairman and chief executive of Taylor Asset Management in Chicago, is leading a $6 million investment in its Neighborhood National Bank, effectively doubling its capital.
August 15 -
Alamogordo Financial in New Mexico has kicked into gear its plans to convert from a mutual to a fully shareholder-owned company.
August 15 -
The Federal Deposit Insurance Corp. has downgraded the Community Reinvestment Act rating for BancorpSouth in Tupelo, Miss.
August 15 -
Investors Bancorp in Short Hills, N.J., has joined the ranks of banks flagged by regulators for Bank Secrecy Act issues.
August 15 -
United Community and Wells Fargo are among the banks building platforms to lend to senior-care facilities. Demographics suggest the business should grow significantly in coming years.
August 12 -
Customers Bancorp in Wyomissing, Pa., plans to sell $50 million in common stock.
August 12 -
Farmers Capital Bank in Frankfort, Ky., will consolidate its four banks under a single charter.
August 12 -
CNB Financial in Clearfield, Pa., has picked a veteran director to be its next chairman, the sixth in the company's 32-year history.
August 11 -
Meta Financial Group in Sioux Falls, S.D., has expansion in mind, citing M&A and other growth-related pursuits as the reasons behind a $75 million debt issuance.
August 11 - Florida
ICBA Bancard has bought an agent bank portfolio from Fifth Third Bancorp in Cincinnati that carries about $98 million in credit card receivables.
August 11 -
Old Line Bancshares in Bowie, Md., has issued $35 million in subordinated debt to help pay for an acquisition and for growth moves down the road.
August 11 -
Many energy lenders are paring back exposure to the energy sector, creating opportunities for banks like First Horizon and Bank of the Ozarks.
August 11 -
Regions Financial in Birmingham, Ala., has offered to repurchase up to $750 million of its outstanding senior debt.
August 11 -
Roger Ferguson is hedging his bet that regulators will go along with his plan to turn TIAA into a financial supermarket.
August 10 -
First Financial Northwest in Renton, Wash., said Wednesday that it has repurchased about 10% of its stock under a tender offer.
August 10 -
Mercantile Bank and Dime Community recently outlined plans for their CEOs' retirements, while Cullen/Frost made the transition earlier this year. Each transition is anchored in a belief that success hinges on turning day-to-day operations over to a trusted lieutenant.
August 10 -
Old National Bancorp in Evansville, Ind., has agreed to buy its headquarters building and two other branches from a landlord.
August 10 -
The embattled firm is offering financial incentives in an effort to kick-start lending, but compliance-focused banks have been slow to respond.
August 9 -
Several court decisions in Delaware could make it harder for shareholders to sue banks following a merger announcement.
August 9 -
The $4.3 billion-asset holding company said in a press release Monday that the fixed- to floating-rate subordinated notes are due in 2026.
August 8





