M&A
M&A
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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 -
The $24.4 billion-asset company reported a $50 million profit in the second quarter, up 2% from the first quarter.
July 20 -
BancorpSouth in Tupelo, Miss., reported weaker quarterly profit after boosting its loan-loss provision and recording lower fee income.
July 20 -
Arbor Bancorp in Ann Arbor, Mich., has agreed to buy Birmingham Bloomfield Bancshares in Michigan.
July 20 -
American Express Co., the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale Corp. portfolio.
July 20 -
BankUnited in Miami Lakes, Fla., on Wednesday reported higher quarterly profits, driven in part by an uptick in fee income from equipment-lease financing.
July 20 -
Establishing a set of standards of practice for chief risk officers and others would help benchmark the quality control for managing risk in the financial services industry.
July 20 -
Panic around energy lending has subsided somewhat as oil prices have climbed and banks have reduced their overall exposure. But expect more trouble ahead if prices level off.
July 19 -
The investment banking firm's GS Bank unit has added a large number of consumer deposits since spring, but its success hasn't been cheap.
July 19 -
Profit improved at both BBCN Bancorp and Wilshire Bancorp in the second quarter, about two weeks ahead of the closing date for the Los Angeles companies' merger.
July 19 -
The three custody banks had been projected to post weak second-quarter results because of a lull in foreign exchange trading. Then Brexit happened, and everything changed.
July 19 -
H. Rodgin Cohen has just about seen it all over his decades of work advising bankers. The well-known lawyer looks at existing issues for banks while reflecting on past mergers that paid off for their participants.
July 19





