M&A
M&A
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The relationship between banks and private equity has been tense at times, but the aid PE firms are supplying to struggling energy firms could limit the losses suffered by lenders.
August 11 -
Shareholders of Lenox National Bank have approved a deal to sell the institution to its western Massachusetts neighbor Adams Community Bank.
August 11 -
Chicago-based Envestnet will pay $660 million in cash and stock for Yodlee, a California firm that sells data-aggregation services to banks and others.
August 10 -
A breakdown of M&A announcements in the financial services industry for the week ended Aug. 8.
August 10 -
Cascade Bancorp took less than two weeks to integrate its last acquisition, and CEO Terry Zink explains one of the big reasons: officials at the Oregon bank spent months beforehand with an outside firm practicing the conversion.
August 10 -
Ameriana Bancorp in New Castle, Ind., which is being acquired by First Merchants in Muncie, Ind., lowered its second-quarter profit after it discovered the sale required a higher tax payment.
August 10 - California
Bank of the West in San Francisco has sold its insurance subsidiary to an insurance brokerage.
August 10 -
ValueAct Capital Management has amassed a stake in American Express, people with knowledge of the matter said, as the activist fund considers pursuing shareholder-friendly changes at the credit-card issuer.
August 7 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a critical look at the Fed's post-crisis monetary policies and a bid to make the funding community groups receive from banks more transparent.
August 7 -
Cordia Bancorp found an experienced leader to run its bank, and executive recruiters believe more companies could do the same as they try to train the next generation. One problem: Most retired CEOs seem content to sit on the sidelines after enduring the financial crisis.
August 7 -
Bryn Mawr Bank in Pennsylvania has issued $30 million in subordinated debt.
August 7 -
Heritage Financial in Olympia, Wash., has agreed to an early termination of its Federal Deposit Insurance Corp. loss-share agreements for its purchase of two failed banks in 2010.
August 7 -
Capital One Financial is in exclusive talks with General Electric to buy the company's health-care finance unit, people familiar with the matter said.
August 7 -
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.
August 7 -
BB&T will dismiss most of a 21-person small business lending group who had been employed by Susquehanna Bancshares.
August 6 -
Standard Treasury team joined SVB Financial's information technology team this week to help it expand the bank's digital banking platform.
August 6 -
Blue Valley Ban Corp. in Overland Park, Kan., has obtained regulatory approval to redeem its Troubled Asset Relief program preferred shares.
August 6 -
Executives still have a number of reasons to put off acquisitions, as a dearth of natural targets and regulatory scrutiny still provide enough reasons to be hesitant. As a result, 2015 deal activity is flat compared with a year earlier.
August 6 -
The next financial crisis will probably originate from online lenders, hedge funds or other unregulated entities that are taking on some of the greatest credit risks, CIT Group Inc. Chief Executive Officer John Thain said.
August 6 -
Former Wilmington Trust President Robert V.A. Harra was indicted on U.S. charges that he lied to regulators as part of a scheme to hide bad real-estate loans
August 6





