M&A
M&A
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Royal Bank of Canada and CIBC have plunked down $9 billion in the past year to buy U.S. banks, ending a brief lull from Canadian banks. Expect more activity from those banks and others.
July 8 - California
Cathay General Bancorp in Los Angeles has agreed to buy SinoPac Bancorp from Bank SinoPac in Taiwan.
July 8 -
Banks must come to grips with the fact that adapting to the industry's transformational changes means having new faces in the corporate suite.
July 8 -
At least eight small mutuals have agreed in recent years to merge with another institution rather than convert to stock ownership. More deals could be on the way.
July 7 -
Freddie Mac is on track to issue mortgage-backed securities via a common securities platform by the end of this year, according to the Federal Housing Finance Agency.
July 7 -
Calling the crazy-idea department a U.S. Bancorp-branded bus is more than halfway through a cross-country, social-media-tracked journey to promote community development and alter its profile. It's an example of the new style of reputation-oriented marketing being pursued by banks.
July 7 -
Citigroup Inc. is exploring the sale of a fixed income analytics business called Yield Book, according to people familiar with the matter.
July 7 -
Wintrust Financial in Rosemont, Ill., has agreed to buy First Community Financial in Elgin, Ill.
July 7 -
On the day Maurice Spagnoletti was murdered, his black Lexus sedan was full of balloons. It was June 15, 2011, the day before his wife's birthday, and he was planning a celebration.
July 6 -
Community banks are stepping up efforts to raise cheap capital to fuel loan growth, make acquisitions and redeem pricier sources of funds.
July 6 -
Payments processor Vantiv and buyout firm Warburg Pincus are among suitors seeking to buy a U.S. payments business owned by Royal Bank of Canada and Bank of Montreal, according to people familiar with the matter.
July 6 -
Bank consolidation in 2016 continues to lag behind last year's pace, although the average deal value is considerably larger.
July 6 -
Flushing Financial in Uniondale, N.Y., has raised $21 million in capital after selling an office building.
July 5 -
American National in Danville, Va., has hired the former chief financial officer at NewBridge Bancorp to oversee strategic initiatives.
July 5 -
North Carolina has lost more than 40% of its banks in the past decade, creating a new tier of larger institutions. More deals are expected to occur, raising questions about the pace of M&A and the fate of those bigger banks.
July 5 -
Medallion Bank in New York has sold nearly $100 million in prime-credit consumer loans, largely consisted of home improvement and recreational vehicle installment loans, to an unnamed buyer.
July 5 - Wisconsin
North Shore Bank in Brookfield, Wis., has agreed to buy Layton Park Financial Group in West Allis, Wis.
July 5 -
Royal Credit Union on Friday said it has entered into a definitive agreement to acquire the Apple Valley, Minn., office of Deerwood Bank.
July 5 -
The $1.1 billion-asset company said in a press release Friday that it had combined its $492 million-asset CNB in Centreville, Md., and the $615 million-asset Talbot Bank in Easton, Md., to create Shore United Bank.
July 1 -
Franklin Financial Services in Chambersburg, Pa., has find a successor for its chief executive.
July 1







