M&A
M&A
-
First Capital was on Jim Cherry short list of recapitalization targets before the ex-Wachovia executive raised more than $150 million to rebuild Park Sterling in Charlotte. Park Sterling eventually agreed to buy First Capital earlier this month.
October 27 -
A move by the National Labor Relations Board could force more legal liability on franchisors for actions taken by their franchisees. Some observers believe banks could become more reluctant lending to smaller franchisors until the issue has more clarity.
October 27 -
First Northern Community Bancorp in Dixon, Calif., has exited the Small Business Lending Fund.
October 27 -
A large investor in 1st Century Bancshares is upset that the Los Angeles company is looking to raise new capital.
October 27 -
Bank executives were pressed during third-quarter calls to share their views on whether to pursue acquisitions now that regulators have approved deals involving BB&T, Royal Bank of Canada and M&T Bank. Here's what many of them had to say.
October 27 -
Banks should be prepared for the potential that an investor with a growing stake does not have the institutions interests at heart.
October 27 - Minnesota
Alerus Financial in Grand Forks, N.D., has agreed to buy Alliance Benefit Group North Central States, a retirement plan administrator in Minnesota.
October 26 -
Wells Fargo plans to systematically poach Credit Suisse's private brokers in the U.S. and their clients and the Swiss bank is OK with that.
October 26 - Georgia
The $3.5 billion-asset Fidelity Southern said in a press release Monday that it will pay $27 million in stock for the $205 million-asset American Enterprise. The deal is expected to close in the first quarter.
October 26 -
German American Bancorp in Jasper, Ind., has agreed to buy River Valley Bancorp in Madison, Ind.
October 26 -
CIC Bancshares sale to Heartland Financial reflect a good cultural fit between the companies, but it also shows how the sellers management team struggled to find a suitable way to provide shareholders with liquidity.
October 26 -
HomeTrust Bancshares in Asheville, N.C., has agreed to pay an additional $484,000 to complete its July 2013 acquisition of BankGreenville Financial.
October 26 -
First National Bancorp in Green Forest, Ark., has agreed to buy Twin Lakes Community Bank in Flippin, Ark.
October 23 -
State Bank Financial in Atlanta has acquired Patriot Capital, a provider of equipment financing to gas stations and commercial petroleum users.
October 23 -
The third quarter showed the kind of solid results Citizens Financial hopes to achieve as a public company split off from Royal Bank of Scotland, but much work remains for Chief Executive Bruce Van Saun. He spoke with American Banker about what went right this quarter and how he's working to change the company's culture.
October 23 -
Prosperity has built itself into one of Texas' largest banks over the past decade and now it's beginning to reap the benefits that come with scale.
October 23 -
Astoria Financial, a New York City- area thrift under pressure from activist investor Basswood Capital Management to boost the share price, is exploring a sale, according to people familiar with the matter.
October 23 -
Old National is taking advantage of low interest rates by buying more than a dozen branches in solid real estate markets. An expected accounting rule change could encourage more banks to do the same.
October 23 -
Quarterly profits fell slightly at Umpqua Holdings in Portland, Ore., because of fewer proceeds from loan sales, tighter margins and other factors.
October 23 -
The Bancorp in Wilmington, Del., has agreed to sell most of its health-savings account portfolio to HealthEquity in Draper, Utah.
October 23



