M&A
M&A
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Orchard Platform, which provides services to institutional investors in the marketplace lending industry, has raised $30 million in additional funding.
September 10 -
Huntington Bancshares in Columbus, Ohio, has agreed to sell about $1.1 billion of money market fund assets to Federated Investors in Pittsburgh.
September 9 -
Iron Mountain, the leading provider of document storage, is buying its main rival. If the merged company tried to raise prices, it might be the final straw that motivates banks to shift data storage to the cloud.
September 9 -
FNB Bancorp in South San Francisco, Calif., has acquired America California Bank in San Francisco.
September 8 -
Bridgewater Bancshares in Bloomington, Minn., has raised $15 million from the private-equity firm Castle Creek Capital.
September 8 -
Nicolet Bankshares in Green Bay, Wis., has agreed to buy Baylake Corp. in Sturgeon Bay, Wis.
September 8 -
Bank of America is offering $1.2 billion of mostly delinquent home loans, extending a series of sales by lenders seeking to pare holdings and meet demand by investment firms for soured mortgages.
September 8 -
A breakdown of M&A announcements in the financial services industry for the week ended September 5.
September 8 -
Community banks could be vulnerable to increased funding costs, particularly rates tied to retail deposits. Technology, and improved modeling, could help them hold onto more deposits.
September 8 -
Income-based repayment, a federal government effort to relieve student-loan debt burdens, has roiled a normally tranquil securitization market, as investors can no longer be sure of when they'll be repaid.
September 8 -
What does a small bank do when a much larger bank encroaches on its home turf?
September 8 -
The marketplace lender CommonBond announced that it has raised $35 million, which it plans to use to expand its operations across the country.
September 8 -
Forget China for U.S. banks, Canada carries more weight. Canada's energy-led recession looks harmless for now, but the tight connections between Canada and American banks make it potentially dangerous if it becomes prolonged.
September 4 - Nebraska
Two Nebraska mutuals that share a name, Home Federal Savings and Loan Association, have agreed to merge.
September 4 -
Randolph Savings Bank in Massachusetts has agreed to buy First Eastern Bankshares in Andover, Mass.
September 4 -
NexTier in Butler, Pa., has agreed to buy Eureka Financial in Pittsburgh.
September 3 -
DCB Financial has agreed to sell its headquarters in Lewis Center, Ohio, for $8.2 million.
September 3 - South Dakota
First Dakota National Bank in Yankton, S.D., has agreed to buy Dakota State Bank in Blunt, S.D.
September 3 -
Summit State Bank in Santa Rosa, Calif., has exited the Small Business Lending Fund.
September 3 -
F.N.B. in Pittsburgh has agreed to acquire 17 branches in the Pittsburgh area from Fifth Third Bancorp.
September 3






