M&A
M&A
-
Sunshine Financial in Tallahassee, Fla., has asked for permission to switch to a state bank charter from a federal thrift charter.
July 13 -
Signature Bank in New York has formed a subsidiary to specialize in municipal finance and hired three executives for the division.
July 13 -
Piper Jaffray has agreed to buy River Branch Holdings, a Chicago investment bank that focuses on financial institutions.
July 13 -
Colorado state regulators on Friday closed the $31.7 million-asset Premier Bank in Denver.
July 10 -
Capital One Financial has purchased another digital design studio as it works to deepen its reach in Silicon Valley.
July 10 -
Bank of Stockton in California has agreed to acquire three California branches of from First Banks in Clayton, Mo, according to The Record in Stockton.
July 10 -
BB&T's top executives are set to get up to $2.6 million in bonuses if the Susquehanna deal goes well. While viewed as a good way to make sure the deal works out well, some analysts note that M&A already contributes to executive compensation when it boosts earnings per share and return metrics.
July 10 -
BankFirst Capital in Columbus, Miss., has agreed to buy Newton County Bancorp. in Newton, Miss.
July 9 -
Deposit premiums could rise at 20% of banks with up to $10 billion in assets. Many of those banks could rethink asset concentrations that would trigger higher assessments.
July 9 -
JPMorgan Chase is looking to lower its overhead by shifting more than 2,100 jobs from New York City to New Jersey.
July 8 -
Paring back branch networks is a quick way to cut costs. But executives at large regionals are reluctant to make such cuts until they have found a way to thrive at other delivery channels.
July 8 - Alabama
The $1.2 billion-asset National Commerce said in a press release Tuesday that it will pay about $37 million in cash and stock for the $300 million-asset Reunion Bank.
July 7 -
The Greek debt crisis and China's stock-market crash may put downward pressure on interest rates and delay the Fed's interest rate hike, and they are adding uncertainty at a time when lenders thought recovery would be taking hold.
July 7 -
The Fed determined that the purchase of Susquehanna Bancshares, which would push BB&T's assets above $200 billion, will not pose a threat to the U.S. financial system. The approval could give more regional banks confidence to pursue bigger acquisitions.
July 7 -
Digital-only Atom Bank in the U.K. recently won a banking license a feat U.S. fintech entrepreneurs have either failed to accomplish or not bothered trying, instead partnering with established institutions.
July 7 -
Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.
July 7 -
The Federal Reserve Bank of New York has named Helen Mucciolo its executive vice president, principal financial officer and head of its corporate group.
July 7 -
A credit review, along with concerns about certain change-in-control agreements, led Southwest Bancorp last summer to terminate a letter of intent to buy First Commercial Bancshares. The banks revisited the deal months later at a lower premium after First Commercial addressed the issues.
July 7 -
Premier Financial Bancorp in Huntington, W. Va., has agreed to buy First National Bankshares in Ronceverte, W. Va.
July 7 -
Twelve of the largest financial firms provided more information than they did last year in the public versions of their plans for breaking themselves up in a financial catastrophe, but whether they have done enough to reassure regulators won't be known for months.
July 6



