M&A
M&A
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California Republic Bancorp, which has been aggressively originating and securitizing auto loans for years, is keen on revving up the engine to expand from a 10-state area to a national platform.
March 22 - New York
An activist investor is laying the groundwork for a potential proxy battle with Seacoast Banking Corp. of Florida in Stuart.
March 21 -
Ally Financial in Detroit reached a truce with Lion Point Capital, as it agreed to appoint an independent director in consultation with the activist investor.
March 21 -
Lincoln Park Savings Bank in New Jersey is now Lincoln 1st Bank.
March 21 -
A well-known Wall Street firm is urging Citigroup to split itself in two for the benefit of investors, adding to the chorus of calls for the biggest banks to be broken up. How much of a difference will it make?
March 21 -
Capital Bank Financial in Charlotte, N.C., will record a first-quarter $5.5 million net loss, after it agreed to an early termination of its loss-share agreements tied to three failed banks.
March 21 - Arkansas
A dozen banks from Arkansas to Virginia are nearing $10 billion in assets, where they will face higher compliance costs and caps on interchange fees. Mergers among those institutions could create a new class of regional bank.
March 21 -
In a blow to community groups that had opposed the acquisition, the Federal Reserve on Monday approved the application by Goldman Sachs to acquire roughly $17 billion in online deposits from GE Capital.
March 21 -
Banks will be "more aggressive" in cutting their exposure to energy companies next month, during spring redeterminations, says Megan Snyder, an analyst with Moody's.
March 21 -
In an interview with American Banker, KeyCorp Chief Executive Beth Mooney discusses why the bank struck a $16.5 billion agreement to expand low- and moderate-income lending, and details of the negotiations involved.
March 18 - New York
KeyBank, a $93 billion-asset bank headquartered in Cleveland, announced plans Friday to direct $16.5 billion in lending toward low- and moderate-income communities over five years beginning in 2017.
March 18 -
Bank of America's board approved the repurchase of as much as $800 million in shares, joining JPMorgan Chase and Capital One Financial this year in returning more capital to shareholders.
March 18 -
Executives at banks that have not taken advantage of low stock prices to buy up their own shares could get hammered during quarterly earnings calls in April.
March 18 -
Old Point Financial in Hampton, Va., has agreed to nominate an activist investor's candidate for its board.
March 17 - Massachusetts
Independent Bank Corp. in Rockland, Mass., has agreed to buy New England Bancorp in Hyannis, Mass., the parent of Bank of Cape Cod, for $30.7 million.
March 17 -
A small Connecticut bank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers.
March 17 - Iowa
Heartland Financial USA in Dubuque, Iowa, has exited the Small Business Lending Fund.
March 17 -
Consolidation is increasing risk to the Federal Deposit Insurance Corp. while reducing diversification in the industry.
March 17 -
Lawmakers sharply criticized the Federal Deposit Insurance Corp. on Wednesday over a watchdog report that said the agency used abusive tactics to stop banks from offering refund anticipation loans.
March 16 - Colorado
Guaranty Bancorp in Denver has agreed to buy Home State Bancorp in Loveland, Colo., for $133.7 million in cash and stock. The deal is expected to close in the summer.
March 16






