M&A
M&A
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Sequatchie Valley Bancshares in Dunlap, Tenn., has agreed to buy Franklin County United Bancshares in Decherd, Tenn.
April 18 -
M&T Bank in Buffalo, N.Y., for the first time was able to report a full-quarter impact from its acquisition of Hudson City Bancorp, which took about three and a half years to complete because of regulatory challenges.
April 18 -
Citigroup's nearly half-billion-dollar outlay for restructuring costs could prove tremendously beneficial, but a lot of work has to be done and it still has to produce more revenue growth in the future.
April 15 - New York
Investors are quickly choosing sides in a proxy battle at Financial Institutions in Warsaw, N.Y.
April 15 -
The Memphis, Tenn., company's forecast for the remainder of the year calls for cost saves from a branch-reduction effort that's gaining momentum as online and mobile banking grow and monthly visits to branches plummet.
April 15 -
Meridian Bank in Malvern, Pa., has raised $13.8 million through a sale of common stock.
April 15 -
Severn Bancorp in Annapolis, Md., has agreements in place to raise $11 million through a private placement of common stock.
April 15 -
Beneficial Bancorp in Philadelphia is planning to eliminate 11% of its workforce over the next three months.
April 15 - Michigan
West Shore Bank Corp. in Ludington, Mich., has agreed to buy West Michigan Bank & Trust in Frankfort.
April 14 - North Carolina
B of A is normally thought of as a U.S. economic bellwether, but it has substantial operations overseas, and its international performance last quarter provided a painful reminder of that fact.
April 14 -
PacWest Bancorp in Los Angeles reported higher quarterly profit led by its acquisition of Square 1 Financial in Durham, N.C.
April 14 -
The hardest part of converting a thrift is establishing a "culture of high performance" and shareholder accountability, says Andrew Samuel, CEO at Sunshine Bancorp, in Plant City, Fla. Sunshine converted to a stock-owned company in July 2014.
April 14 -
The public spat between Green Dot and one of its largest shareholders is escalating even as the shareholder raises its stake in the prepaid card company.
April 13 -
To date, only a handful of banks have become benefit corporations, but experts believe the number could rise as regulators become more comfortable with the concept.
April 13 -
The world knows JPMorgan's quarterly profits fell and that it flunked the living wills test. But underneath all that were solid first-quarter results in its core lending businesses that bode well for other banks at the start of earnings season.
April 13 -
Financial Institutions in Warsaw, N.Y., has offered an olive branch to resolve a proxy battle with an activist investor.
April 13 -
Profits soared at Bank of the Ozarks in Little Rock, Ark., thanks primarily to its expanding loan portfolio.
April 12 -
The banking industry, in the face of prolonged challenges, is relying on professional help to improve in areas such as productivity, hiring and M&A. The hope is that being introspective now will limit the amount of costly mistakes in the future.
April 12 -
Citigroup is no longer buying loans off the Prosper Marketplace platform and repackaging them into securities, a person familiar with the matter said.
April 12 -
Midland States Bancorp in Effingham, Ill., is planning to raise $120 million through an initial public offering. The $company said in a regulatory filing Monday that it has applied to list shares on the Nasdaq Global Select Market.
April 12





