M&A
M&A
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At least three community banks have hired lenders who once worked at banks bought by BB&T. The question is whether those lenders can coax their clients to also make a switch.
May 31 - North Carolina
First South Bancorp survived a close vote on a shareholder proposal to "immediately" take steps to sell the Washington, N.C., company.
May 31 - PSO content
Intrum Justitia ABs new CEO says there is no reason why Europes biggest debt collector should not adopt a bolder acquisition strategy and consider bigger credit management companies than it has focused on before.
May 31 -
Paragon Commercial could raise up to $29 million when the Raleigh, N.C., company conducts its initial public offering.
May 27 -
While many of the nation's biggest banks provide live streams of their shareholders meetings, many midsize institutions do not. Investors are urging more institutions to webcast those gatherings, based on a belief that doing so will increase transparency.
May 27 - New York
Banks have rushed to the exits when it comes to Fannie Mae and Freddie Mac debt securities. Federal liquidity rules seem to be prompting big banks to do so, but why small banks are unloading the bonds, too, is more of a puzzler.
May 27 -
In addition to credit risk from leveraged loans and other types of assets, an added worry for participations is how they would be treated in a failure of the originating bank.
May 27 -
Fifth Third in Cincinnati has closed a branch in downtown Columbus as part of an ongoing streamlining effort.
May 26 -
Nicolet Bankshares in Green Bay, Wis., disclosed in a regulatory filing Thursday that Robert Cera, who had shared the chairman, president and chief executive roles with Bob Atwell, was no longer at the company.
May 26 -
Kelly King promised "additional announcements later this year" tied to long-term succession planning, and it was initially unclear if he was referring to his own retirement plans. BB&T later said that King would be CEO for the "foreseeable future."
May 26 -
A number of banks have faced pressure from shareholders to ditch plurality voting, where directors can keep their seats even if they fail to receive majority support from investors.
May 26 -
The Federal Housing Administration's loan sales are drawing more attention after a recent critical report said it was resulting in vulnerable borrowers losing their homes.
May 26 -
CIT Group has embraced a system that mimics a single source of data to help it comply with increased regulatory scrutiny. It could also help the company become more efficient.
May 25 -
TCF Financial in Minnesota has launched a set of products targeting low-income customers. The company, which has closed a fifth of its branches in recent years, hopes underbanked clients will boost traffic at its remaining locations.
May 25 - North Carolina
Yadkin Financial, a North Carolina community bank, is exploring a sale and working with Sandler O'Neill & Partners to solicit offers, according to people familiar with the matter.
May 25 -
All five directors at Seacoast Banking Corp. of Florida in Stuart were re-elected despite a protest vote from the company's biggest investor.
May 25 -
Citigroup will pay $425 million to resolve U.S. Commodity Futures Trading Commission claims that the bank attempted to manipulate global benchmarks for interest rate products multiple times from 2007 to 2012.
May 25 - Michigan
Mackinac Financial in Manistique, Mich., has agreed to buy Niagara Bancorp. in Niagara, Wis.
May 24 -
CenterState in Florida and Union Savings in Connecticut are adding specialists to their retail locations at a time when many other banks are cutting back or have been relying heavily on universal bankers.
May 24 - Oklahoma
RCB Bank in Claremore, Okla., has agreed to buy CornerBank in Winfield, Kan.
May 24







