M&A
M&A
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In a political season teeming with tension around income inequality, racial economic disparities and animus toward the banking industry, reforming the Community Reinvestment Act seems like it should be a cornerstone of the debate. Yet the law has been almost entirely absent from the discussion. Here's why.
August 2 - Michigan
Some branch deals come with added value. A case in point is the $2 billion-asset Old Second Bancorp's agreement to buy a branch in Chicago from Talmer Bancorp in Troy, Mich. in a deal that includes deposits, assets and a vice chairman.
August 2 - Pennsylvania
Quaint Oak Bancorp in Southampton, Pa., has bought the rights to a portfolio of personal and commercial insurance policies.
August 1 -
Old National in Evansville, Ind., reported higher quarterly profit due to securities gains and loan growth tied to its purchase of Anchor BanCorp Wisconsin.
August 1 -
While some institutions find it sensible to appoint chief operating officers to assist the CEO or as part of a succession plan, many others increasingly choose to go without a COO.
August 1 - Wisconsin
Monona State Bank in Wisconsin has agreed to buy MBC Bankshares in Middleton, Wis.
August 1 -
As chief operating officers see their roles altered through industry consolidation, they are also taking the lead of implementing banks' technological and strategic overhauls.
July 31 -
On top of running a banks day-to-day operations, chief operating officers particularly at smaller banks play the additional role of CEO-in-waiting.
July 31 -
In an industry of more and more specialists, the chief operating officer is a jack-of-all-trades. But the title has different meanings for different banks. Some COOs help craft strategy, others just implement strategy. Some are CEOs-in-waiting, others stay in the background. We asked COOs about their role, M&A's effects on job security, and how they interact with CEOs.
July 31 -
The $101 billion-asset Key said in a press release Friday that it had finalized the $4.1 billion purchase of the $40 billion-asset First Niagara.
July 29 -
The private equity firm GTCR is interested in fintech companies looking to disrupt the status quo, so long as they have proved themselves and are paired with managers who have a long track record of success.
July 29 -
Carver Bancorp in New York is dealing with a new set of challenges just months after being released from a longstanding enforcement order. The companys woes highlight the challenges for banks with narrowly constrained business models.
July 29 -
CCB, the parent of the $1.3 billion-asset Country Club Bank, recently announced that it had absorbed Capital Corp. in Lenexa, Kan. CCB did not disclose the price.
July 29 - Florida
Stonegate Bank in Pompano Beach, Fla., could be getting close to announcing another acquisition.
July 29 -
Green Bancorp in Houston has resolved $37 million in energy loans since deciding to get out of that business.
July 28 -
Middleburg Financial in Virginia, which recently faced criticism from its biggest investor, has a new chairman.
July 28 - Ohio
Regional banks need all the growth opportunities they can get, and Fifth Third says it has found one in catering to European businesses that need to expand in North America to escape domestic economic issues.
July 28 -
The popular German digital startup Fidor Bank has agreed to be acquired by Groupe BPCE, the second-largest French bank.
July 28 -
Multiple acquisitions weighed down quarterly profit at TowneBank in Suffolk, Va.
July 28 - Kansas
The $1.8 billion-asset Sunflower expects to combine with the $2.2 billion-asset Strategic Growth to create a company with $3 billion in loans and 60 branches in Colorado, Kansas, Missouri, New Mexico and Texas.
July 28




