M&A
M&A
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JPMorgan investment banker Jimmy Lee was widely eulogized as a legendary networker and bright spirit this week, but American Banker also remembers him as a builder and defender of the hotly debated universal-banking model.
June 18 -
The yield curve has steepened in recent weeks, but bankers caution that it could take months or years for any benefits or risks to become apparent in financial results.
June 18 -
A recent report from Keefe, Bruyette & Woods identified several "challenger banks" that are poised to take market share from the industry's biggest institutions by using niche-focused business models. Here is a sample of the banks singled out by KBW's analysts.
June 18 - Arkansas
Home Bancshares in Conway, Ark., has agreed to buy Florida Business BancGroup in Tampa, Fla.
June 17 -
Members of St. James Federal Savings and Loan Association will meet Saturday to vote on whether to convert from a mutual to a stock-owned bank as a prelude to selling itself to Wells Financial. Some believe the vote could set a worrisome precedent.
June 17 -
First Republic Bank in San Francisco has agreed to purchase Constellation Wealth Advisors for about $115 million.
June 17 -
A Seattle-based company is trying to make it easier for individual investors in peer-to-peer loans to cash out early.
June 17 -
American Founders Bank in Lexington, Ky., has agreed to sell itself to a real estate developer.
June 17 -
Whether you're in the mood to read about the checkered history of the Vatican Bank or how Bitcoin's colorful cast of characters endeavor to shape the future of money, there's a book to suit every taste in this year's recommended reading list. Here's what American Banker's readers, staff and BankThink contributors are taking to the beach this summer.
June 17 -
Royal Bancshares of Pennsylvania in Narberth has agreed to purchase a branch in Delaware County, Pa., from First CornerStone Bank.
June 16 -
Discover Financial Services will exit the residential mortgage-origination business that it acquired in 2012.
June 16 -
Valley National Bancorp in Wayne, N.J., is planning to issue a combined $200 million in preferred stock and debt.
June 16 -
Steve Apodaca, who recently joined the American Bankers Association, hopes to help farmers navigate falling commodity prices, compete against the Farm Credit System and find ways to lend on new farming technology.
June 16 - Georgia
NCR in Duluth, Ga., may be a target for a possible takeover by private equity firms Blackstone Group and Carlyle Group.
June 16 - Utah
Zions Bancorp. in Salt Lake City has sold its remaining collateralized debt obligations.
June 16 -
Mechanics Bank in Walnut Creek, Calif., shook up its top leadership post following its sale to a Dallas investment group.
June 16 -
Revere Bank in Laurel, Md., has raised $15.5 million through a private placement of its common stock. The $717 million-asset bank sold 1 million shares at $15.50 per share.
June 15 -
A breakdown of M&A announcements in the financial services industry for the week ended June 13.
June 15 -
Institutions with $5 billion to $50 billion in assets have gained a bigger slice of the industry's assets since 2010 by focusing on specialized lending and redefining their markets.
June 15 -
The $5.9 billion-asset company sold the subsidiary, First Merchants Insurance Group, on June 12 to USI Insurance Services, an insurance brokerage firm in Valhalla, N.Y.
June 15






