M&A
M&A
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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 -
Regional banks like BB&T, Huntington Bancshares and Citizens Financial are growing through acquisition and targeted business-line initiatives, but they are having to contain spending simultaneously.
July 21 -
North Carolina's second-biggest community bank agreed to sell itself at a rich premium, signaling that the state has become an attractive market for acquirers. Adding an out-of-state bank could also create opportunities for *locals* to poach business.
July 21 -
One of the nations biggest banks and the so-called everything store have joined forces to extend loan discounts to students.
July 21 -
Strong commercial loan growth drove an 8% year-over-year increase in Private Bancorp's second-quarter profit.
July 21 - New York
People's United Financial in Bridgeport, Conn., has agreed to buy a New York wealth-management firm.
July 21 -
The Brexit vote last month gave a small boost to second-quarter profit at Bank of New York Mellon, but the low interest rate environment continued to bedevil the custody bank in many segments of its business.
July 21 -
Huntington Bancshares in Columbus, Ohio, reported a second-quarter profit of $175 million, off 11% from the same period in 2015. Part of the reason for the drop was a $21 million charge related to its pending acquisition of FirstMerit in Akron.
July 21 - North Carolina
F.N.B. Corp. in Pittsburgh is making a big play to enter North Carolina.
July 21 -
BB&T in Winston-Salem, N.C., reported higher quarterly profit that reflected loan growth and its recent acquisitions.
July 21




