M&A
M&A
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The $140 billion-asset company disclosed Thursday in a regulatory filing that the Federal Reserve Board downgraded its Community Reinvestment Act rating to "needs to improve."
July 14 - Arkansas
The $1.5 billion-asset Equity said in a press release Thursday that it will pay $68.8 million in cash and stock for the $475 million-asset parent of Community First Bank.
July 14 -
Thats the message that two funds have for directors of Commonwealth Business Bank in Los Angeles.
July 14 -
Loans tied to franchises were often an area of concern for banks before the financial crisis. Industry growth, improved credit metrics and a need to diversify commercial loan portfolios are prompting several banks to take a second look at the business.
July 14 -
The companies agreed to divest the branches, along with nearly $738 million in deposits, to secure Justice Department approval.
July 13 -
Jack Kuntz, president and chief executive at American Savings Bank in Portsmouth, Ohio, recently put his personal cell phone number on a billboard off Interstate 71 in Cincinnati as part of an advertising campaign for his $260 million-asset institution.
July 13 -
JPMorgan Chase, Barclays and other big financial institutions are offering paid internships to members of the sandwich generation who left banking to care for children and elderly parents. Here's why the banks are interested.
July 13 -
OceanFirst Financial in Toms River, N.J., has agreed to buy Ocean Shore Holding in Ocean City, N.J.
July 13 - Indiana
Horizon Bancorp in Michigan City, Ind., has agreed to buy CNB Bancorp in Attica, Ind.
July 12 -
KeyCorp has received the Federal Reserve Board's approval to buy First Niagara Financial Group. The $4.1 billion deal is expected to be completed on or about Aug. 1.
July 12 -
Despite recent controversy over Tesla crashes, the march toward autonomous driving technology continues. And that means big changes for auto lenders.
July 12 -
A couple of years ago, the activist investor Joseph Stilwell said Anchor Bancorp in Lacey, Wash., deserved more time to try to right itself. Apparently he thinks that time is up.
July 12 -
Banks with a special focus, such as social equality or environmental sustainability, have to overcome additional hurdles while looking for an acquisition.
July 12 -
The leading Democrat on the Senate Banking Committee said Tuesday he was "optimistic" about lawmakers' making changes to improve the Dodd-Frank Act next year, while lauding JPMorgan Chase's decision to raise its minimum wage from $10.15 an hour to $12.
July 12 -
BancAlliance, a consortium of more than 200 community banks, is partnering with the digital wealth management firm Personal Capital.
July 12 -
The combination of smarter consumers and likely CFPB action have, oddly enough, pushed banks, especially large ones, to raise overdraft fees in recent months.
July 11 -
Offering a new product or considering a merger may boost returns, but the Office of the Comptroller of the Currency says changes in strategy can be risky.
July 11 -
The management team at Bank of the Ozarks knows it has a dependency on commercial real estate. But they assert that sound underwriting, and efforts to diversify, are what really matters when assessing risk.
July 11 -
First Hawaiian Bank in Honolulu will be spun off rather than sold.
July 11 -
KeyCorp's proposed acquisition of First Niagara Financial has won support from Senator Chuck Schumer of New York, who had opposed the deal because of planned job losses in his state, after KeyCorp agreed to cut no more than 250 positions after the merger.
July 11







