M&A
M&A
- California
California Republic Bancorp in Irvine has securitized $380 million of its prime auto loans.
December 21 -
Banks face immense challenges trying to keep up with technology, but they also must cater to older customers with big deposit accounts who still use their branch.
December 21 -
Merger activity gained steam in 2015. Total bank-deal value reached its highest level since the financial crisis as more big agreements were announced. Regional banks were among the hungriest buyers, suggesting that tougher regulatory hurdles had become less of an M&A deterrent than in previous years.
December 21 -
For steering the Winston-Salem, N.C., company through an extended period of industry adversity, while providing a blueprint for large-scale M&A, King has been named American Banker's Banker of the Year for 2015.
December 20 - Maryland
Bay Bancorp in Columbia, Md., has agreed to buy Hopkins Bancorp in Pikesville, Md., for $23.8 million in cash.
December 18 - Missouri
Three banks have redeemed shares of preferred stock to make their exits from the Small Business Lending Fund.
December 18 - California
Zurich Insurance Group agreed to buy a Wells Fargo crop-insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover bid that it abandoned this year.
December 18 - Tennessee
Atlantic Capital Bancshares in Atlanta has agreed to sell seven branches in Tennessee in two separate deals.
December 18 -
De novo activity has remained at a trickle and the reason is investing in a new bank just isn't attractive as it used to be.
December 18 -
The $350 million-asset Pacific Commerce said in a press release Thursday that it will pay $10.50 a share in cash and stock for the $211 million-asset ProAmerica.
December 17 -
The $3.4 billion-asset holding company for Five Star Bank received a letter on Wednesday from Clover Partners' managing director, Johnny Guerry, saying management has made the wrong decision on two recent deals. Clover owns about 5.2% of Financial Institutions.
December 17 -
TriState Capital Holdings in Pittsburgh has agreed to buy asset management firm Killen Group in Berwyn, Pa., for between $30 million to $35 million in cash, based on conditions tied to the asset manager's cash flow.
December 17 -
KeyCorp will keep and expand First Niagara Financial Group's Buffalo, N.Y.-based mortgage operations to spur along its return to being a player in residential lending.
December 17 -
Digital Asset Holdings is reportedly seeking a $35 million funding round that would put the blockchain technology startups valuation at $100 million.
December 17 - Virginia
TowneBank in Suffolk, Va., has agreed to buy Monarch Financial Holdings in Chesapeake, Va., for $220.6 million in stock.
December 17 -
Hanmi Financial in Los Angeles has withdrawn its proposal to merge with BBCN Bancorp. Hanmi said in a press release Thursday that its decision follows BBCN's agreement to buy Wilshire Bancorp.
December 17 - North Carolina
First Bancorp in Southern Pines, N.C., has agreed to buy Bankingpoint, an insurance agency in Sanford, N.C.
December 16 -
Under the direction of Richard Holbrook, Eastern Bank has prepared itself for the next 200 years by embracing a culture innovation, adding scale through acquisitions and advocating for the less fortunate in its community. It's an unusual formula, but it has worked and that's why he is one of American Banker's three Community Bankers of the Year for 2015.
December 16 - Washington
HomeStreet in Seattle has bought a branch in Dayton, Wash., from Banner Corp. in Walla Walla, Wash.
December 16 -
Global Payments and Heartland Payment Systems have a chance to create an international powerhouse focused on small to medium sized business, restaurant and education payments, if they can meld their technology post-acquisition and retain Heartland's management.
December 15



