M&A
M&A
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Suffolk Bancorp said increased oversight of commercial real estate contributed to and may have accelerated its decision to sell to People's United. Other banks could make a similar choice.
June 27 -
BankFinancial in Olympia Fields, Ill., said it expects to record an $875,000 gain in the second quarter after selling three loans.
June 27 - Massachusetts
Berkshire Hills Bancorp in Pittsfield, Mass., has agreed to buy First Choice Bank in Lawrenceville, N.J.
June 27 -
People's United Financial in Bridgeport, Conn., has agreed to buy Suffolk Bancorp in Riverhead, N.Y.
June 27 -
Perhaps you read on vacation to escape the financial services grind, or perhaps you read to hone your business craft. Numerous titles on this year's list recommended by American Banker readers, BankThink contributors, our staff and others fall somewhere in between. Read about the lives of figures like Elon Musk or Barney Frank. Understand disruption, human error and how to manage stress. Or, perhaps you just want some insight into the sociopath's playbook. It's all here.
June 27 -
The $602 million-asset company said in a press release Friday that Stephen Bianchi was tapped to replace Edward Schaefer, who resigned in May.
June 24 -
The recently rebranded California International Bank has stiffed the government on 30 dividend payments and has spurned a request to let Treasury officials observe its board meetings. There is some optimism; a Vietnamese businessman was approved to take over control after injecting $4.5 million in capital into the bank.
June 24 -
OceanFirst Bank in Toms River, N.J., now has extra reason to cheer for the Monmouth University mens basketball team that was in the running for an NCAA tournament berth last season.
June 24 -
South State in Columbia, S.C., has terminated five loss-share agreements with the Federal Deposit Insurance Corp.
June 24 -
Digital tools improve a bank's traditional sales process, but relationship-based banking is still a huge factor in winning over millennial customers.
June 24 -
Franklin Financial Network in Tennessee hit a roadblock in its plan to buy Civic Bank & Trust in Nashville, but that didn't stop Franklin from hiring away Civic's chief executive.
June 23 - Oregon
His title may be changing, but Ray Davis' goal of altering the banking landscape remains the same. Davis, who will step down as Umpqua's CEO, will still run its innovation unit with a hope of influencing digital banking in the same way that he shook up retail banking.
June 23 -
Smaller institutions have added steadily to their holdings of securities that, while earning them a higher return, are more difficult to trade or liquidate.
June 23 -
The $3 billion-asset First United did not disclose how much it will pay for the $2.3 billion-asset American Bank. The deal is expected to close later this year.
June 22 -
The $380 million-asset company disclosed in a regulatory filing Wednesday that it had appointed Lawrence Seidman to its board, effective July 1.
June 22 -
The $5.3 billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3 billion-asset Boston Private Financial Holdings in Boston.
June 22 -
First Mid-Illinois signed a confidentiality agreement last fall to pursue a mystery bank in Illinois. It soon discovered that the bank First Clover Leaf was an institution it had heavily courted three years earlier.
June 22 -
Two directors have resigned at 1st Constitution Bancorp as part of a dispute over changes to the Cranbury, N.J., company's board structure.
June 22 -
First Bancorp in Southern Pines, N.C., has agreed to buy Carolina Bank Holdings for $97.3 million, or $19.26, in cash and stock.
June 22 -
More institutions are willing to pursue small acquisitions, or rely on organic growth, to cross over a regulatory threshold that includes interchange fee caps and stress testing. A big reason is that bankers are becoming more comfortable with the financial toll of such regulation.
June 21








