M&A
M&A
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New York Community Bancorp would stay profitable and maintain capital levels well above the necessary minimum if it was hit with a sustained economic shock, its stress-test report said. It is one of the larger banks subject to the so-called DFAST review.
June 22 -
Atlantic Coast Financial in Jacksonville, Fla., is in talks to restructure its debt and has reversed the valuation allowance on a deferred tax asset.
June 22 - Georgia
John Poelker recently stepped down from CertusHoldings in Greenville, S.C., but in less than a year on the job he broke up a $1.7 billion-asset company that had lost roughly $170 million from 2012 to 2014 amid investor claims of mismanagement and excessive spending by his predecessors. Here's a look at how he did it.
June 22 - Arkansas
Bear State Financial in Little Rock, Ark., has agreed to buy Metropolitan National Bank in Springfield, Mo.
June 22 -
Eagle Bancorp Montana in Helena has completed a $10 million private placement of subordinated bonds.
June 19 -
Pressure from community groups forced Valley National Bancorp to strengthen its commitment to lend in low-and moderate-income neighborhoods in order to win approval for a Florida acquisition. Other banks, too, are now placing CRA efforts front-and-center as they aim to sell deals to the public and their regulators.
June 19 -
The NCUA is proposing changes that would allow credit unions to approve applications more expeditiously, eliminating an edge long held by banks. The agency is also ready to let members make more commercial development loans.
June 19 - North Carolina
Yadkin Financial in Raleigh, N.C., has agreed to sell two branches in North Carolina to Select Bancorp in Dunn, N.C.
June 19 -
First Mid-Illinois Bancshares in Mattoon plans to sell about $29.3 million in common stock in a private placement.
June 18 -
Home Bancorp in Lafayette, La., has agreed to buy Louisiana Bancorp in Metairie for about $75 million, or $24.25 a share, in cash. The deal is expected to close in the fourth quarter.
June 18 -
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






