M&A
M&A
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First Bancorp, OFG Bancorp and Popular Inc. have been trimming exposure to central government loans in recent years to limit their exposure to a financial crisis. Most still bank the island's municipalities, though they have strict underwriting and collateral to protect their interests.
August 4 - Pennsylvania
F.N.B. Corp. in Pittsburgh has agreed to buy Metro Bancorp in Harrisburg, Pa.
August 4 -
Anchorage Capital Group and Carlyle Group have priced their final offering of common stock in Central Pacific Financial in Honolulu.
August 4 -
MutualFirst Financial in Muncie, Ind., which is under pressure from an activist investor to sell itself, has agreed to buy the trust business of First Bank of Berne in Indiana.
August 4 -
Lakeland Bancorp in Oak Ridge, N.J., has agreed to buy Pascack Bancorp in Waldwick, N.J.
August 4 -
ASB Bancorp in Asheville, N.C., has received its second challenge in less than a month from an activist investor. The latest seeks a sale of the company.
August 4 -
First Foundation in Irvine, Calif., has begun an initial public offering to raise up to $100 million.
August 3 -
The small-business lender's shift 18 months ago to a marketplace player that sells loans to investors paid off handsomely in the second quarter.
August 3 -
A breakdown of M&A announcements in the financial services industry for the week ended Aug. 1.
August 3 -
A high percentage of loans to oil and gas firms are large and syndicated. As a result, more shared loans are becoming problematic for participating lenders.
August 3 -
Battery Ventures, a tech-focused investment firm, has agreed to acquire Physical Security Business Unit, part of the security division of Nice Systems, a vendor that focuses primarily on the financial services industry.
August 3 -
CIT Group's purchase of OneWest Bank should spur more lenders with less than $100 billion in assets to consider acquisitions, Chief Executive Officer John Thain said.
August 3 -
Regions Financial in Birmingham, Ala., has acquired A.I. Group, an employee-benefits and insurance company in Alpharetta, Ga.
August 3 - California
CIT Group has completed its acquisition of OneWest Bank in Pasadena, Calif.
August 3 -
HSBC Holdings Plc's first-half profit beat analysts' estimates, buoyed by income from Asia and securities trading, and the bank agreed to sell its Brazilian operations for about $1 billion more than expected.
August 3 -
Glacier Bancorp in Kalispell, Mont., has agreed to buy Cañon National Bank in Cañon City, Colo., for $31.8 million.
August 3 -
Banco Bradesco SA agreed to acquire HSBC Holdings Plc's money-losing Brazil unit for $5.2 billion in cash, more than some analysts had estimated, after it outbid at least two competitors.
August 3 -
Fidelity National Information Services Inc., the payment-services provider, is in exclusive talks to buy SunGard Data Systems Inc. in a deal with an enterprise value of more than $8.3 billion, people familiar with the matter said.
July 31 -
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.
July 31 -
Santander Consumer USA Holdings expects to endure more credit losses in the coming quarters, as it expands its portfolio of higher yielding, subprime loans. But its CEO sought to assure investors that its profits would far exceed those costs.
July 30





