M&A
M&A
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CenterState Banks in Davenport, Fla., will record a first-quarter $17.5 million net loss on the early termination of its loss-share agreements associated with seven failed banks.
February 8 -
Horizon Bancorp in Michigan City, Ind., has agreed to buy Kosciusko Financial in Mentone, Ind.
February 5 - Tennessee
Commercial BancGroup in Harrogate, Tenn., has agreed to buy NBN Corp. in Newport, Tenn., outbidding a rival in a bankruptcy court auction.
February 5 - Illinois
TCF Financial in Wayzata, Minn., will close 33 branches inside Jewel-Osco stores in the Chicago area.
February 5 - Pennsylvania
First Resource Bank in Exton, Pa., has received federal regulatory approval to exit the Small Business Lending Fund program.
February 4 - California
A former BBCN Bancorp director said that four of the Los Angeles companys 13 directors did not vote for its purchase of Wilshire Bancorp.
February 4 - Pennsylvania
A pair of directors at Malvern Bancorp in Paoli, Pa., have resigned just days after a large investor refused to support their re-election.
February 3 - Georgia
Atlantic Capital Bancshares in Atlanta has formed a lending division to focus on the emerging film and entertainment industry in Georgia.
February 3 -
The industry's rapid change is shining a spotlight on middle and senior managers who inherit positions and often have to fix the messes while maintaining the successes of their predecessors.
February 3 -
A pair of former BBCN directors said they resigned due to issues with the company's corporate governance and the leadership of Chairman and CEO Kevin Kim. BBCN claims the directors, who voted against its planned acquisition of Wilshire Bancorp, resigned after they were informed of plans to remove them from the board.
February 3 - Texas
Allegiance Bancshares in Houston has sold two branches to Incommons Bank in Mexia, Texas.
February 2 -
Horizon Bancorp in Michigan City, Ind., has exited the Small Business Lending Fund program.
February 2 -
CEO Jeffrey Brown spent much of the firm's quarterly earnings call Tuesday responding to the demands of shareholders who are unhappy with Ally's weak stock price.
February 2 -
The near future may find more banks ceasing to originate residential mortgages in an effort to stop the slide in stock prices.
February 2 -
The central bank should not delay putting in place a long-term plan that diminishes its outsized influence and allows the financial markets to work without interference.
February 2 -
Lawrence Seidman, an activist investor in New Jersey, wrote in a regulatory filing that he plans to withhold support for all three of Malvern Bancorp's directors who are up for reelection this year.
February 1 -
The marijuana industry is still hampered by its own banking crisis, but the rigidity of federal laws is not stopping all advances in financial services for the sector.
February 1 -
Activist investors are turning their sights back toward banks after going easier on them than on other industries in recent years. Look for the next bank M&A wave to be fueled by aggressive hedge funds as they push for board seats and ultimately sales of financial institutions.
January 31 -
PL Capital is raising money for a new fund that'll target banks with up to $75 billion of assets, after 20 years of sticking to just community banks with less than $3 billion of assets. In this Q&A, Richard Lashley explains why activist investors are eyeing bigger banks now and how banks can avoid his kind.
January 31 -
The hedge fund Bluestone Financial Partners has investments in a handful of banks that it views as takeout targets, but its founder, Ted Peters, says he would never agitate for a sale. Here's why he values the pacifist approach.
January 31




