M&A
M&A
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Deutsche Bank plans to buy back about $5.4 billion of bonds, including some it issued barely a month ago, to reverse an investor stampede away from its stock and debt.
February 12 -
A rough economy, regulation and evolving technology will keep forcing small banks to merge, said Richard Hunt, head of the Consumer Bankers Association. Hunt's position puts him at odds with bank advocates, including Camden Fine at the Independent Community Bankers of America, who believe small banks should ignore the drumbeat calling for more consolidation.
February 12 -
Flagstar Bancorp in Troy, Mich., has launched a national homebuilder lending platform.
February 12 - Missouri
Sterling Bancshares in Poplar Bluff, Mo., has completed its purchase of Bootheel Bancorp in Poplar Bluff.
February 12 -
Banks' in-house venture funds tend to favor mature fintech companies, but BBVA's establishment of an outside fund should help the bank get in on the ground floor with early-stage companies.
February 11 -
Inspired by marketplace lenders, Live Oak Bancshares created a largely digital product that can make a credit decision on a small-business loan within 48 hours. The product, which combines human decision-making and automated credit scoring, could go national as early as next year.
February 11 -
Other countries have already lowered interest rates below zero, and the financial stability concerns of such a policy taking shape in the U.S. should not be dismissed.
February 11 -
The $2 billion-asset Hampton Roads said in a press release Wednesday that it will pay $107.2 million in stock for the $1 billion-asset Xenith.
February 10 - New York
KeyCorp hit fresh political resistance in New York to its $4.1 billion acquisition of First Niagara Financial Group Inc., with Governor Andrew Cuomo pushing federal regulators on Wednesday to block the deal. Shares of both companies fell.
February 10 - Alabama
Standard & Poor's Ratings Services is warning banks with high levels of exposure to the energy industry to think twice before ramping up their lending in other sectors.
February 10 -
Kelly King, the North Carolina company's chief executive, also noted that BB&T is busy integrating a number of recent acquisitions. It is leaning toward buying back stock, though management could be coaxed into making a deal if the right bank became available.
February 10 -
Should companies that manage collateralized loan obligations but don't originate the loans be subject to Dodd-Frank's risk-retention rules for securitizations?
February 10 - Texas
Evans, soon to retire as CEO of Cullen/Frost Bankers, believes his company is well positioned to withstand the fallout from low oil prices. He is advising his successor to avoid the temptation to panic and focus on the long view.
February 10 -
HSBC Holdings' board will meet on Sunday to decide whether to shift its headquarters from London, according to two people with knowledge of the decision.
February 10 -
After an active 2015, with nearly 290 deals announced, don't think for a second that bankers are taking a breather. Executives are looking at ways to build scale, improve their fintech offerings and ensure smooth transitions following acquisitions. Here is a sampling of recent comments about bank consolidation.
February 9 - Ohio
Stephen Steinour, chief executive of Huntington Bancshares in Columbus, Ohio, has pursued a risky strategy of taking losses in exchange for adding new customers, the Cleveland Plain Dealer reported.
February 9 - Iowa
Heartland Financial USA in Dubuque, Iowa, has completed its acquisition of CIC Bancshares in Denver and made related executive moves.
February 8 -
Sunshine Financial in Tallahassee, Fla., has agreed to name a new board member in exchange for a truce with an activist investor.
February 8 -
Pioneer Bank in Dripping Springs, Texas, has promoted Elizabeth Blose to chief financial officer as it works to finalize a merger deal and relocate its headquarters.
February 8 -
Bankers need to let investors know in advance what types of deals they are willing to pursue, along with the financial parameters. Doing so is a critical step in managing shareholder expectations at a time when consolidation is heating up.
February 8







