M&A
M&A
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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 -
Anchor Bancorp in Lacey, Wash., which has been facing pressure from a prominent activist investor to sell itself, has hired an investment bank to explore strategic options.
July 25 -
Problem technology credits drove down quarterly profits at Opus Bank in Irvine, Calif., which said it will pull back on tech lending even though that had become one of its most important niches.
July 25 -
Though several banks have begun automating financial advice for smaller investors, some are also providing more personalized services such as counseling family members who have suddenly inherited a fortune.
July 25 - North Carolina
First South Bancorp in Washington, N.C., has acquired a portfolio of mortgage servicing rights.
July 25 -
Once skeptical of robo advisers, retail banks are starting to embrace them. Several big banks are getting into the business, mostly by forming partnerships with fintech companies. Smaller banks are expected to soon follow suit.
July 25 -
EverBank Financial, the largest bank based in Florida by deposits, is exploring a sale after receiving interest from a potential suitor, according to people familiar with the matter.
July 25 -
Citizens Bank in Elizabethton, Tenn., has agreed to buy American Trust Bank of East Tennessee in Knoxville.
July 22 -
Eagle Bancorp in Bethesda, Md., has issued $150 million in subordinated debt after increasing the amount it originally planned to sell.
July 22 - Minnesota
Fee income, niche financing lines and auto lending drove second-quarter profits at TCF Financial in Wayzata, Minn.
July 22 - Texas
LegacyTexas Financial Group in Plano has met its original purpose of becoming a big player in its home market.
July 22 -
BNC Bancorp in High Point, N.C., plans to raise about $55 million through a common stock offering.
July 21





