M&A
M&A
- Ohio
Middlefield Banc Corp. in Ohio has agreed to buy Liberty Bank in Beachwood, Ohio.
July 28 -
The former C1 Financial chief, expected to play a critical role at Bank of the Ozarks, resigned just a week after his company's sale. Thanks to a lengthy noncompete, it could take years to determine his next move.
July 28 -
Some midsize banks found ways to widen margins, and Texas lenders said weakness in the energy sector has had little effect on the broader Texas economy. But can those trends hold up?
July 27 -
First Citizens BancShares in Raleigh, N.C., reported higher quarterly profit that reflected a couple of one-time gains.
July 27 -
New York Community Bancorp on Wednesday reported higher profits as the company hovers below the $50 billion-asset mark and seeks to complete its acquisition of Astoria Financial.
July 27 -
United Community Banks in Blairsville, Ga., reported higher quarterly gains spurred by fee revenue.
July 27 -
Suffolk Bancorp in New York, which recently agreed to be sold to People's United Financial, discouraged several suitors from bidding due to concerns about concentrations of commercial real estate loans at those banks. The disclosures highlight the challenges that banks with heavy CRE exposure could face as buyers or sellers if they want to do deals.
July 27 -
Starting in 2010, regulators warned banks about the risks associated with rising interest rates. The problem has turned out to be just the opposite: persistently low rates.
July 27 - Ohio
First Commonwealth Financial in Indiana, Pa., has agreed to buy all 13 branches being divested by Huntington Bancshares as part of the approval to acquire FirstMerit.
July 27 -
Banner Corp. in Walla Walla, Wash., reported higher quarterly earnings as it continued to benefit from a recent acquisition.
July 26 -
UMB Financial in Kansas City, Mo., on Tuesday reported higher than expected quarterly profits due to loan growth from a recent acquisition.
July 26 -
Zions Bancorp. in Salt lake City posted higher quarterly earnings after cutting expenses and making more loans.
July 26 -
KeyCorp is on pace to complete its biggest acquisition to date next week. The company will face intense scrutiny to deliver promised financial returns as quickly as possible.
July 26 -
The $1.4 billion-asset company said in a press release Tuesday that it had agreed to buy Oak Mortgage Co. in Marlton, N.J.
July 26 -
The combination of higher regulatory expenses andreduced income from interchange fees is taking a toll on the profitability of banks with $10 billion to $50 billion of assets.
July 26 -
In the years after the financial crisis, as banks were collapsing left and right, the Federal Deposit Insurance Corp. agreed to cover losses tied to the sale of many failed institutions. Today, loss-share portfolios are shrinking, decreasing by 80% from early 2011, to $18.8 billion at March 31, as many banks negotiate early terminations of their FDIC agreements. Here are some notable banks that got out of their pacts.
July 26 -
Virgin Money Holdings, the bank backed by billionaire Richard Branson, postponed plans to start lending to small businesses as Britain faces a potential economic slowdown after voting to leave the European Union.
July 26 -
EverBank Financial in Jacksonville, Fla., confirmed that it is in talks to sell itself.
July 26 -
KeyCorp in Cleveland posted lower quarterly profit as merger-related expenses cut into the bottom line.
July 26 -
Northwest Bancshares in Warren, Pa., reported a quarterly loss after prepaying some Federal Home Loan Bank borrowings.
July 25




