M&A
M&A
-
First Busey in Champaign, Ill., has abruptly changed the responsibilities of several executives.
February 23 -
Bank of Montreal posted fiscal first-quarter profit that beat analysts' estimates as contributions from its purchase of General Electric's transportation-finance business added to U.S. earnings.
February 23 -
It is time for institutions to act independently of the Federal Reserve and raise their loan interest rates to improve returns.
February 23 -
Bank Mutual in Milwaukee has agreed to support an activist investor's nominee to its board.
February 22 -
There's nothing like the threat of a corporate relocation to prod government economic development officials into action.
February 22 -
When Andrew Samuel joined Sunshine Bancorp in 2014, it had a casual culture where growth wasn't a big focus. Less than two years later, he has turned the company into a commercial bank with growth and acquisitions firmly in its future.
February 22 - South Dakota
South Dakota Bancshares in Pierre, S.D., has agreed to buy First State Bank in Pierre.
February 22 -
HSBC Holdings posted an unexpected fourth-quarter loss, its first since at least 2009, as revenue dropped and loans to oil and gas companies drove a jump in impairment charges.
February 22 -
With the stakes so high for compliance officers, their rights and responsibilities should be clearly defined, including a safe harbor for those who play by the rules.
February 22 - Virginia
CCB Bankshares in South Hill, Va., has raised $3.5 million in a private placement of debt and will use some of the money to exit the Small Business Lending Fund.
February 19 -
CommunityOne Bancorp entered 2015 with hopes of buying banks and nonbanks. Shortly after whiffing on several deals, the North Carolina company ended up selling itself to Capital Bank Financial.
February 19 -
Barclays' investment bank chief, Tom King, plans to retire as soon as next month, said people with knowledge of the plans.
February 19 - Michigan
Advia Credit Union in Parchment, Mich., has agreed to buy Mid America Bank in Janesville, Wis. The $1.2 billion-asset Advia did not say what it will pay for the $84 million-asset Mid America.
February 18 -
There is a widening gap between the premiums paid for bigger institutions and those of smaller community banks. Economies of scale, scarcity value and earnings potential are more important than ever, and a return of larger acquirers has increased demand for bigger sellers.
February 18 - New York
Citigroup plans to exit retail banking in Argentina and Brazil, where the company has maintained operations for more than 100 years.
February 18 -
Correcting misperceptions about banking, in addition to focusing on recruitment efforts, will help fix an apparent rupture in the talent pipeline.
February 18 -
Lakeland Bancorp in Oak Ridge, N.J., has agreed to buy Harmony Bank in Jackson, N.J.
February 18 -
About 10% of midsize businesses say they want to develop a relationship with nonbank providers, such as marketplace lenders or business development companies, and even more are said to be considering switching banks.
February 17 -
Pathfinder Bancorp in Oswego, N.Y., has exited the Small Business Lending Fund program.
February 17 -
Kelly King, BB&T's CEO, said his company is keen on eventually buying banks between Alabama and Texas, though his team would need to have frank discussions with any targets before pursuing a deal.
February 17





